Report Update Nov 1, 2024

Norway - Lard and Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in Norway

In 2021, after three years of growth, there was significant decline in the Norwegian rendered pig fat market, when its value decreased by -39.8% to $X. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Rendered Pig Fat Production in Norway

In value terms, rendered pig fat production contracted to $X in 2021 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.5% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Rendered Pig Fat Exports

Exports from Norway

In 2021, approx. X tons of lard and other pig fat (rendered) were exported from Norway; increasing by 1,470,800% against 2020. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rendered pig fat exports surged to $X in 2021. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for rendered pig fat exports from Norway, with a approx. 100% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of volume to Singapore was relatively modest.

From 2014 to 2021, the average annual growth rate of value to Singapore was relatively modest.

Export Prices by Country

In 2021, the average rendered pig fat export price amounted to $X per ton, dropping by -20.2% against the previous year. In general, the export price, however, posted a resilient expansion. The growth pace was the most rapid in 2020 an increase of 90% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined significantly in the following year.

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

From 2014 to 2021, the rate of growth in terms of prices for Denmark amounted to 0.0% per year.

Rendered Pig Fat Imports

Imports into Norway

In 2021, supplies from abroad of lard and other pig fat (rendered) increased by 14% to X tons, rising for the fifth year in a row after four years of decline. Over the period under review, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 250%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, rendered pig fat imports rose modestly to $X in 2021. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 375%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Poland (X tons) constituted the largest rendered pig fat supplier to Norway, accounting for a 40% share of total imports. Moreover, rendered pig fat imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland totaled +141.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+32.5% per year) and Sweden (+37.1% per year).

In value terms, Poland ($X) constituted the largest supplier of lard and other pig fat (rendered) to Norway, comprising 48% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Lithuania, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Poland stood at +147.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+52.0% per year) and Lithuania (+148.5% per year).

Import Prices by Country

In 2021, the average rendered pig fat import price amounted to $X per ton, shrinking by -9.2% against the previous year. In general, the import price, however, showed prominent growth. The pace of growth was the most pronounced in 2019 an increase of 57%. The import price peaked at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard and other pig fat (rendered) in the world?

Spain remains the largest rendered pig fat consuming country worldwide, accounting for 34% of total volume. Moreover, rendered pig fat consumption in Spain exceeded the figures recorded by the second-largest consumer, Germany, threefold. The third position in this ranking was occupied by the Netherlands, with a 10% share.

What are the largest producers of lard and other pig fat (rendered) in the world?

The countries with the highest volumes of rendered pig fat production in 2020 were the United States, Spain and Germany, together accounting for 60% of global production. The Netherlands, France, Poland, Italy, Belgium, Denmark, Canada and Sweden lagged somewhat behind, together accounting for a further 35%.

What are the leading suppliers of lard and other pig fat (rendered) to Norway?

In value terms, Poland constituted the largest supplier of rendered pig fat to Norway, comprising 75% of total imports. The second position in the ranking was occupied by Germany, with a 16% share of total imports. It was followed by Lithuania, with a 7.2% share.

What are the leading importers of lard and other pig fat (rendered) from Norway?

In value terms, Germany $130) remains the key foreign market for rendered pig fat exports from Norway.

What is the average export price for lard and other pig fat (rendered) in Norway?

The average rendered pig fat export price stood at $2,183 per ton in 2020, falling by -26.3% against the previous year.

What is the average import price for lard and other pig fat (rendered) in Norway?

In 2020, the average rendered pig fat import price amounted to $6,733 per ton, rising by 38% against the previous year.

This report provides an in-depth analysis of the rendered pig fat market in Norway. 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:

Prodcom 10115060 - Lard and other pig fat, rendered

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023