France: Lard Market 2025

Lard Market Size in France

The French lard market expanded significantly to $X in 2022, growing by 13% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Lard consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Lard Production in France

In value terms, lard production rose modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight reduction. The pace of growth was the most pronounced in 2020 with an increase of 22% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Lard Exports

Exports from France

In 2022, after three years of growth, there was significant decline in overseas shipments of lard, when their volume decreased by -45.1% to X tons. Overall, exports, however, posted a slight expansion. The growth pace was the most rapid in 2017 with an increase of 35% against the previous year. The exports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, lard exports shrank notably to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 90% against the previous year. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

The Netherlands (X tons), Spain (X tons) and Switzerland (X tons) were the main destinations of lard exports from France, together accounting for 83% of total exports. Belgium, the UK, Japan and Italy lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +54.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Switzerland ($X) constituted the largest markets for lard exported from France worldwide, with a combined 79% share of total exports. Belgium, the UK, Japan and Italy lagged somewhat behind, together comprising a further 19%.

Japan, with a CAGR of +43.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lard export price stood at $X per ton in 2022, increasing by 40% against the previous year. In general, the export price posted a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 42% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lard Imports

Imports into France

In 2022, purchases abroad of lard increased by 24% to X tons, rising for the second consecutive year after five years of decline. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 165%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, lard imports skyrocketed to $X in 2022. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 227%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of lard imports to France, with a combined 74% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +46.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lard suppliers to France were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 77% share of total imports.

Among the main suppliers, Germany, with a CAGR of +44.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lard import price stood at $X per ton in 2022, surging by 21% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lard import price increased by +91.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Italy ($X per ton), while the price for Belgium ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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