Lard and poultry fats market in Americas

Earlier Report Observations

The market for lard and poultry fats in the Americas expanded from 1 437 thousand tons in 2018 to 1 547 thousand tons in 2020. This growth was partly driven by the COVID-19 pandemic, which increased demand for frozen and convenience meat products that use these fats for longer shelf life.

After 2020, market volume continued to rise, reaching 1 636 thousand tons in 2023. Rising consumption of animal-based foods and the growing use of animal fats in biodiesel production supported demand. Major players like Cargill invested in expanding their processing capacity, helping to meet the increased market needs.

Production lard and poultry fats in Americas

In kind, 2017-2020, K t

Top producers of lard and poultry fats, 2017-2020

World map of production of lard and poultry fats, 2017-2020

Production of lard and poultry fats in the Americas has grown for the third year in a row. In 2020, the region produced 1 528 thousand tons, marking a 2.5% increase from the previous year. Looking at the period from 2017 to 2020, production rose by 9.5%, with an average annual growth rate of 3.1%.

Annual dynamics of production in Americas in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The value of lard and poultry fats production in the Americas has increased for the second consecutive year. In 2020, output was valued at 1 789 million US dollars, reflecting a strong 17.7% rise compared to 2019. From 2017 to 2020, production value grew by 27.9%, with an average annual growth rate of 8.6%. The lowest value was recorded in 2018 at 1 386 million US dollars, which also saw the largest decline of 0.9%.

Annual dynamics of production in Americas in value, 2017-2020, M $ US

Exports lard and poultry fats from Americas

Exports in kind, t

Exports of lard and poultry fats from the Americas have declined for the second year in a row. In 2020, exports totaled 22 258 tons, showing a significant drop of 24.5% from 2019. Over the period from 2017 to 2020, exports decreased by 21.5%, with an average annual decline of 7.7%. The highest export volume was in 2018 at 32 044 tons, which also experienced the largest increase of 13.0%.

Annual dynamics of product's exports from Americas in kind, 2017-2020, t

From 2017 to 2020, the export structure for lard and poultry fats in kind was fairly balanced rather than concentrated. Hong Kong accounted for 2.6% of exports, China for 2.3%, and New Zealand for 1.4%, together making up 6.4% of total flows. Many other countries accounted for the remaining 93.6%.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Americas in kind, 2017-2020

Exports in value, K $ US

The value of lard and poultry fats exports from the Americas has fallen for the second consecutive year. In 2020, exports amounted to 26 065 thousand US dollars, down 13.3% from the previous year. Between 2017 and 2020, exports decreased by 8.3%, with an average annual decline of 2.9%. The peak value was recorded in 2018 at 30 719 thousand US dollars, which also saw the largest increase of 8.0%.

Annual dynamics of product's exports from Americas in value, 2017-2020, K $ US

From 2017 to 2020, no single market dominated the export value of lard and poultry fats. China accounted for 3.4% of exports, Hong Kong for 2.9%, and New Zealand for 2.2%, together representing only 8.4% of total export value. Many smaller partners each held modest individual shares.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Americas in value, 2017-2020

Imports lard and poultry fats to Americas

Imports in kind, t

Import volumes of lard and poultry fats in the Americas showed notable fluctuations during this period. In 2019, imports reached their lowest point at 20 720 tons, with the largest decline of 36.1% occurring in 2018. By 2020, imports surged to 42 152 tons, up 103.4% from the previous year, resulting in a two-fold difference between the peak in 2020 and the trough in 2019.

Annual dynamics of product's imports to Americas in kind, 2017-2020, t

From 2017 to 2020, the largest suppliers of lard and poultry fats to the Americas in kind were Spain with 6.7% of imports, the United Kingdom with 2.0%, and Saudi Arabia with 1.2%. Together, they accounted for 9.8% of total imports, while many smaller partners made up the rest.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Americas in kind, 2017-2020

Imports in value, K $ US

Import values of lard and poultry fats in the Americas displayed irregular changes, indicating a volatile market. The lowest value was recorded in 2018 at 25 360 thousand US dollars, which also saw the largest decline of 42.5%. In 2020, imports rose to 48 857 thousand US dollars, up 90.7% from the previous year, showing a 1.9-fold fluctuation between the peak in 2020 and the trough in 2018.

Annual dynamics of product's imports to Americas in value, 2017-2020, K $ US

From 2017 to 2020, imports of lard and poultry fats in value terms were spread across many countries. Spain accounted for 8.6% of imports, the United Kingdom for 1.8%, and France for 1.6%, together making up only 12.0% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Americas in value, 2017-2020