The U.S. Is the World’s Leading Lard Exporter despite 6% Drop in 2014

Vegetable And Animal Oils And Fats October 20, 2015
Author: Alexander Romanenko
Chief Executive Officer

The U.S. dominates in the global lard trade. In 2014, the U.S. exported 137 thousand tonnes of lard totaling 114 million USD, 6% under the previous year. Its primary trading partner was Mexico, where it supplied 26% of its total lard exports in value terms, accounting for the lion's share of Mexico's total imports.

Overall, the global lard trade reached 542 million USD, with a CAGR of 3% from 2007 to 2014. In physical terms, it decreased from 721 thousand tonnes in 2007 to 633 thousand tonnes in 2014.

In 2014, Spain (16%), the Netherlands (12%), Germany (7%), Mexico (7%) and Belgium (6%) were the leading destinations of lard imports, together making up 49% of global imports. The share of the Netherlands increased (+4 percentage points), while the share of Spain illustrated negative dynamics (-5 percentage points).

Germany and France were among the other main global suppliers of lard in 2014 with a combined share of 38% of global exports. However, the fastest growing exporters from 2007 to 2014 were Spain (+33% per year) and Canada (+12% per year). Germany strengthened its position in the global export structure, from 13% in 2007 to 21% in 2014.

Source: World: Lard - Market Report. Analysis And Forecast To 2020