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Report Latin America and the Caribbean - Lard - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Latin America and the Caribbean - Lard - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Lard Market 2024

Lard Market Size in Latin America and the Caribbean

In 2022, the Latin American lard market decreased by -0.2% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Lard Production in Latin America and the Caribbean

In value terms, lard production reached $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 16%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Lard Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of lard were exported in Latin America and the Caribbean; with a decrease of -16.8% compared with the previous year's figure. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 28%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, lard exports shrank to $X in 2022. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2018 with an increase of 18% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, recording X tons, which was near 96% of total exports in 2022. Argentina (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the lard exports, with a CAGR of -8.4% from 2012 to 2022. Argentina (-11.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by +4.2 percentage points.

In value terms, Brazil ($X) remains the largest lard supplier in Latin America and the Caribbean, comprising 96% of total exports. The second position in the ranking was held by Argentina ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to -7.0%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.5%).

Lard Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of lard were imported in Latin America and the Caribbean; picking up by 2.1% against the previous year's figure. Overall, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 267%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, lard imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2017 when imports increased by 266% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Mexico represented the major importing country with an import of around X tons, which finished at 46% of total imports. Cuba (X tons) held the second position in the ranking, followed by Bolivia (X tons) and Belize (X tons). All these countries together held approx. 52% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belize (with a CAGR of +4.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Mexico ($X) constitutes the largest market for imported lard in Latin America and the Caribbean, comprising 59% of total imports. The second position in the ranking was taken by Cuba ($X), with a 20% share of total imports. It was followed by Bolivia, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico stood at -5.1%. The remaining importing countries recorded the following average annual rates of imports growth: Cuba (-1.3% per year) and Bolivia (-0.8% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 14% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +73.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 52% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Belize ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of lard consumption was Brazil, comprising approx. 57% of total volume. Moreover, lard consumption in Brazil exceeded the figures recorded by the second-largest consumer, Mexico, threefold. Argentina ranked third in terms of total consumption with a 10% share.
The country with the largest volume of lard production was Brazil, accounting for 59% of total volume. Moreover, lard production in Brazil exceeded the figures recorded by the second-largest producer, Mexico, fourfold. The third position in this ranking was occupied by Argentina, with a 10% share.
In value terms, Brazil remains the largest lard supplier in Latin America and the Caribbean, comprising 74% of total exports. The second position in the ranking was occupied by Mexico, with a 22% share of total exports.
In value terms, Mexico constitutes the largest market for imported lard in Latin America and the Caribbean, comprising 73% of total imports. The second position in the ranking was occupied by Bolivia, with a 13% share of total imports. It was followed by Cuba, with an 11% share.
The lard export price in Latin America and the Caribbean stood at $1,301 per ton in 2021, surging by 19% against the previous year.
In 2021, the lard import price in Latin America and the Caribbean amounted to $1,089 per ton, with an increase of 3.4% against the previous year.

This report provides an in-depth analysis of the lard market in Latin America and the Caribbean. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Latin America and the Caribbean, split by region and country
  • Trade (exports and imports) in Latin America and the Caribbean
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Anguilla
    • Antigua and Barbuda
    • Argentina
    • Aruba
    • Bahamas
    • Barbados
    • Belize
    • Bolivia
    • Brazil
    • British Virgin Islands
    • Cayman Islands
    • Chile
    • Colombia
    • Costa Rica
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Ecuador
    • El Salvador
    • Falkland Islands (Malvinas)
    • French Guiana
    • Grenada
    • Guadeloupe
    • Guatemala
    • Guyana
    • Haiti
    • Honduras
    • Jamaica
    • Martinique
    • Mexico
    • Montserrat
    • Nicaragua
    • Panama
    • Paraguay
    • Peru
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Vincent and the Grenadines
    • Saint Maarten (Dutch part)
    • Suriname
    • Trinidad and Tobago
    • Turks and Caicos Islands
    • United States Virgin Islands
    • Uruguay
    • Venezuela
    • Puerto Rico

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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