Netherlands: Lard Market 2024

Lard Market Size in the Netherlands

In 2022, the Dutch lard market was finally on the rise to reach $X after three years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Lard Production in the Netherlands

In value terms, lard production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Lard Exports

Exports from the Netherlands

Lard exports from the Netherlands shrank to X tons in 2022, which is down by -9.3% on 2021. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 42%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, lard exports soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of lard exports from the Netherlands, together comprising 74% of total exports. China, Japan, Hong Kong SAR, France and Spain lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +46.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for lard exported from the Netherlands were the UK ($X), Belgium ($X) and China ($X), together comprising 69% of total exports.

China, with a CAGR of +51.4%, saw the highest rates of growth with regard to 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

In 2022, the average lard export price amounted to $X per ton, rising by 34% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lard export price increased by +63.8% against 2019 indices. As a result, the export price attained the peak level and is likely to continue 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 Japan ($X per ton), while the average price for exports to Germany ($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 (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lard Imports

Imports into the Netherlands

In 2022, the amount of lard imported into the Netherlands fell to X tons, remaining stable against the previous year. In general, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 70%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, lard imports soared to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 112%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main suppliers of lard imports to the Netherlands, together accounting for 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +61.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of lard to the Netherlands, comprising 42% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports. It was followed by Denmark, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.6% per year) and Denmark (-1.6% per year).

Import Prices by Country

In 2022, the average lard import price amounted to $X per ton, surging by 19% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +91.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 29%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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