Report Update May 1, 2025

India - Lard - Market Analysis, Forecast, Size, Trends and Insights

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India: Lard Market 2025

Lard Market Size in India

The Indian lard market reduced modestly to $X in 2022, which is down by -3.1% against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.3% against 2020 indices. Lard consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Lard Production in India

In value terms, lard production fell to $X in 2022 estimated in export price. Overall, production, however, posted prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 123%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Lard Exports

Exports from India

In 2022, lard exports from India stood at X kg, almost unchanged from the previous year. In general, exports recorded a abrupt slump. The smallest decline of -8.5% was in 2014. Over the period under review, the exports hit record highs at X kg in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, lard exports totaled $X in 2022. Overall, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 17%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X kg) was the main destination for lard exports from India, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Norway was relatively modest.

From 2013 to 2022, the average annual growth rate of value to Norway was relatively modest.

Export Prices by Country

In 2022, the average lard export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price posted temperate growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2013 to 2022, the rate of growth in terms of prices for Nepal amounted to +29.2% per year.

Lard Imports

Imports into India

In 2022, the amount of lard imported into India stood at X kg, stabilizing at the previous year. In general, imports saw a strong expansion. The smallest decline of 99.9% was in 2019. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, lard imports amounted to $X in 2022. Over the period under review, imports recorded a significant expansion. The smallest decline of 99.9% was in 2019. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X kg) was the main supplier of lard to India, accounting for a approx. 100% share of total imports.

From 2015 to 2022, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of lard to India.

From 2015 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

In 2022, the average lard import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price saw prominent growth. The most prominent rate of growth was recorded in 2019 when the average import price decreased by 99.9% against the previous year. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2015 to 2022, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard in the world?

The country with the largest volume of lard consumption was China, comprising approx. 32% of total volume. Moreover, lard consumption in China exceeded the figures recorded by the second-largest consumer, Germany, fourfold. The third position in this ranking was occupied by Brazil, with an 8.5% share.

What are the largest producers of lard in the world?

The country with the largest volume of lard production was China, accounting for 32% of total volume. Moreover, lard production in China exceeded the figures recorded by the second-largest producer, Germany, fourfold. The third position in this ranking was occupied by Brazil, with an 8.4% share.

What are the leading suppliers of lard to India?

In value terms, Brazil $9) constituted the largest supplier of lard to India.

What is the average export price for lard in India?

In 2013, the average lard export price amounted to $1,058 per ton, leveling off at the previous year.

What is the average import price for lard in India?

In 2018, the average lard import price amounted to $3,000 per ton, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the lard market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1043 - Lard

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024