Report Update Nov 1, 2024

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

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Puerto Rico: Rendered Pig Fat Market 2024

Rendered Pig Fat Exports

Exports by Country

The United States dominates exports structure, amounting to X tons, which was approx. 52% of total exports in 2021. France (X tons) held a 9.2% share (based on physical terms) of total exports, which put it in second place, followed by Germany (7.3%), Belgium (5.1%) and Italy (5%). The following exporters - Canada (X tons), Sweden (X tons), Denmark (X tons), Spain (X tons), the Netherlands (X tons) and Poland (X tons) - together made up 16% of total exports.

From 2012 to 2021, average annual rates of growth with regard to rendered pig fat exports from the United States stood at +14.6%. At the same time, Italy (+16.8%), Poland (+9.3%), Canada (+6.6%), France (+3.3%), Sweden (+2.8%) and Spain (+1.9%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.8% from 2012-2021. Germany and Denmark experienced a relatively flat trend pattern. By contrast, Belgium (-2.6%) and the Netherlands (-18.4%) illustrated a downward trend over the same period. The United States (+29 p.p.) and Italy (+3.1 p.p.) significantly strengthened its position in terms of the global exports, while Germany, Belgium and the Netherlands saw its share reduced by -3.6%, -4.9% and -17.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest rendered pig fat supplier from Puerto Rico, comprising 51% of global exports. The second position in the ranking was held by France ($X), with a 9.5% share of global exports. It was followed by Germany, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +17.0%. The remaining exporting countries recorded the following average annual rates of exports growth: France (+5.7% per year) and Germany (+1.6% per year).

Rendered Pig Fat Imports

Imports by Country

In 2021, Singapore (X tons) was the major importer of lard and other pig fat (rendered), creating 47% of total imports. Spain (X tons) took the second position in the ranking, followed by the United States (X tons), the Netherlands (X tons), France (X tons) and Belgium (X tons). All these countries together took near 30% share of total imports. The following importers - Slovakia (X tons), Poland (X tons), the UK (X tons), Germany (X tons) and Italy (X tons) - together made up 14% of total imports.

Singapore was also the fastest-growing in terms of the lard and other pig fat (rendered) imports, with a CAGR of +47.6% from 2012 to 2021. At the same time, France (+15.4%), Slovakia (+8.1%), Poland (+8.0%), Spain (+6.4%), the United States (+6.2%) and Belgium (+4.8%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. By contrast, Germany (-1.9%), Italy (-6.5%), the Netherlands (-12.9%) and Venezuela (-90.8%) illustrated a downward trend over the same period. While the share of Singapore (+45 p.p.), France (+2.7 p.p.) and Spain (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-1.6 p.p.), Italy (-2.6 p.p.), Venezuela (-7.4 p.p.) and the Netherlands (-20.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported lard and other pig fat (rendered) into Puerto Rico, comprising 45% of global imports. The second position in the ranking was held by Spain ($X), with an 11% share of global imports. It was followed by the United States, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore stood at +76.8%. In the other countries, the average annual rates were as follows: Spain (+8.1% per year) and the United States (+6.6% per year).

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 Netherlands ranked third in terms of total consumption 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, with a combined 60% share of global production. These countries were followed by the Netherlands, France, Poland, Italy, Belgium, Denmark, Canada and Sweden, which together accounted for a further 35%.

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

In value terms, Spain constitutes the largest market for imported lard and other pig fat rendered) into Puerto Rico, comprising 21% of global imports. The second position in the ranking was occupied by Mexico, with an 8.2% share of global imports. It was followed by the United States, with a 7.2% share.

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

In value terms, the United States remains the largest rendered pig fat supplier from Puerto Rico, comprising 49% of global exports. The second position in the ranking was occupied by France, with a 9.4% share of global exports. It was followed by Germany, with an 8.5% share.

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

In 2020, the rendered pig fat export price in Puerto Rico amounted to $less than 0.1 per ton, almost unchanged from the previous year.

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

The rendered pig fat import price in Puerto Rico stood at $less than 0.1 per ton in 2020, leveling off at the previous year.

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

Puerto Rico

Data coverage:

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