Report Update Nov 1, 2024

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

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Portugal: Lard Market 2024

Lard Market Size in Portugal

In 2022, the Portuguese lard market increased by 0.1% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a pronounced descent. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Lard Production in Portugal

In value terms, lard production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 103% against the previous year. Lard production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Lard Exports

Exports from Portugal

Lard exports from Portugal contracted notably to X tons in 2022, shrinking by -61.5% against 2021 figures. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 1,327% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, lard exports fell significantly to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 575%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for lard exports from Portugal, accounting for a 86% share of total exports. Moreover, lard exports to Spain exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was held by Angola (X tons), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at -15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.5% per year) and Angola (-0.5% per year).

In value terms, Spain ($X) remains the key foreign market for lard exports from Portugal, comprising 51% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by Angola, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at -20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+9.3% per year) and Angola (+4.0% per year).

Export Prices by Country

The average lard export price stood at $X per ton in 2022, with an increase of 14% against the previous year. Overall, the export price, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 138%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain ($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 Cabo Verde (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lard Imports

Imports into Portugal

In 2022, approx. X tons of lard were imported into Portugal; declining by -3.1% compared with the previous year. Overall, imports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 529%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, lard imports stood at $X in 2022. Over the period under review, imports saw a sharp reduction. The pace of growth appeared the most rapid in 2015 when imports increased by 353%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) was the main supplier of lard to Portugal, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled -26.3%.

In value terms, Spain ($X) constituted the largest supplier of lard to Portugal.

From 2012 to 2022, the average annual growth rate of value from Spain totaled -23.9%.

Import Prices by Country

In 2022, the average lard import price amounted to $X per ton, growing by 11% against the previous year. Over the period under review, the import price continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +3.3% 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, accounting for 32% of total volume. Moreover, lard consumption in China exceeded the figures recorded by the second-largest consumer, Germany, fourfold. Brazil ranked third in terms of total consumption 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, comprising approx. 32% of total volume. Moreover, lard production in China exceeded the figures recorded by the second-largest producer, Germany, fourfold. Brazil ranked third in terms of total production with an 8.4% share.

What are the leading suppliers of lard to Portugal?

In value terms, Spain constituted the largest supplier of lard to Portugal, comprising 98% of total imports. The second position in the ranking was occupied by France, with a 1.7% share of total imports.

What are the leading importers of lard from Portugal?

In value terms, Spain remains the key foreign market for lard exports from Portugal, comprising 67% of total exports. The second position in the ranking was occupied by France, with an 8.7% share of total exports.

What is the average export price for lard in Portugal?

The average lard export price stood at $678 per ton in 2021, rising by 14% against the previous year.

What is the average import price for lard in Portugal?

In 2021, the average lard import price amounted to $1,815 per ton, surging by 76% against the previous year.

This report provides an in-depth analysis of the lard market in Portugal. 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:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
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