New Zealand: Rendered Pig Fat Market 2025

Rendered Pig Fat Market Size in New Zealand

In 2021, the New Zealand rendered pig fat market increased by 13% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a buoyant expansion. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Rendered Pig Fat Exports

Exports from New Zealand

In 2015, exports of lard and other pig fat (rendered) from New Zealand soared to X tons, growing by 8,908% on the year before. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rendered pig fat exports skyrocketed to $X in 2015. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for rendered pig fat exports from New Zealand, accounting for a 88% share of total exports. Moreover, rendered pig fat exports to the United States exceeded the volume sent to the second major destination, Solomon Islands (X tons), sevenfold.

From 2014 to 2015, the average annual rate of growth in terms of volume to the United States was relatively modest.

From 2014 to 2015, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2015, the average rendered pig fat export price amounted to $X per ton, falling by -65.9% against the previous year. Overall, the export price continues to indicate a dramatic decrease. The export price peaked at $X per ton in 2014, and then shrank rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Solomon Islands ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2014 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%).

Rendered Pig Fat Imports

Imports into New Zealand

In 2021, purchases abroad of lard and other pig fat (rendered) was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 34%. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2021.

In value terms, rendered pig fat imports expanded remarkably to $X in 2021. Overall, imports saw a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by 28% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Canada (X tons), the United States (X tons) and Poland (X tons) were the main suppliers of rendered pig fat imports to New Zealand, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +58.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rendered pig fat suppliers to New Zealand were Canada ($X), the United States ($X) and Poland ($X), together accounting for 94% of total imports.

Poland, with a CAGR of +68.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average rendered pig fat import price amounted to $X per ton, increasing by 3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 26%. The import price peaked at $X per ton in 2017; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per ton) and Canada ($X per ton), while the price for Germany ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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