Lard and poultry fats market in Australia and New Zealand

Earlier Report Observations

After reaching 31 800 tonnes in 2018, production of lard and poultry fats in Australia and New Zealand dipped to 29 900 tonnes the following year. The market then entered a recovery phase, with output climbing to 33 200 tonnes by 2021. This was followed by a period of stabilization in 2022, before a notable expansion to 35 000 tonnes in 2023.

The market's stabilization in 2022 coincided with industry challenges, including volatility in feed ingredient prices and biosecurity issues like avian influenza, which constrained production growth. However, underlying demand for poultry meat as a cost-effective protein source provided a stable foundation. By 2023, sustained demand from the food, animal feed, and biofuel sectors, coupled with continued investment in processing technology by major players, facilitated a rise in production.

Longer-term industry developments have included the growing use of poultry fat in biodiesel production and the emergence of value-added poultry products, reflecting broader trends in sustainability and product innovation. These factors have contributed to the market's structural evolution beyond traditional applications.

Production lard and poultry fats in Australia and New Zealand

In kind, 2018-2021, t

Top producers of lard and poultry fats, 2018-2021

World map of production of lard and poultry fats, 2018-2021

Australia and New Zealand saw their production of lard and poultry fats rise for the second year in a row. In 2021, output reached 33 200 tonnes, representing a moderate increase of 5.7% compared to 2020. Over the four-year period from 2018 to 2021, production grew by 4.4%, with an average annual growth rate of 1.4%. The lowest production level was recorded in 2019 at 29 900 tonnes, which also marked the largest decline of 6.0% during this timeframe.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, t

Exports lard and poultry fats from Australia and New Zealand

Exports in kind, t

Export figures show irregular fluctuations, reflecting a volatile market environment. Exports peaked in 2019 at 459 tonnes and hit their lowest point in 2018, with a 3.1-fold difference between these years. In 2021, Australia and New Zealand exported 160 tonnes of lard and poultry fats, an 18.0% decrease from the previous year. The largest decline occurred in 2020 at 57.6%, while the most significant increase was recorded in 2019 at 214.0%.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, t

From 2018 to 2021, South Korea and New Caledonia were the dominant buyers of lard and poultry fats from Australia and New Zealand, together accounting for 83.5% of total exports by volume. Other trading partners played a less significant role during this period.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Exports in value, K $ US

In 2021, Australia and New Zealand exported lard and poultry fats worth 255 thousand US dollars, showing a year-over-year increase of 14.1%. However, over the 2018-2021 period, export values decreased by 29.5%, with an average annual decline of 11.0%. The lowest value was recorded in 2020 at 223 thousand US dollars, while the highest was in 2019 at 600 thousand US dollars. The largest decline occurred in 2020 at 62.8%, and the most significant increase was in 2019 at 66.1%.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, K $ US

Throughout 2018-2021, South Korea, Switzerland, and New Caledonia were the leading destinations for lard and poultry fats exports from Australia and New Zealand in value terms. South Korea accounted for 39.6% of export value, Switzerland for 24.7%, and New Caledonia for 21.8%. Together, these three markets represented 86.1% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia and New Zealand in value, 2018-2021

Imports lard and poultry fats to Australia and New Zealand

Imports in kind, t

After two consecutive years of decline, imports of lard and poultry fats into Australia and New Zealand increased in 2021. Import volumes reached 1 558 tonnes, representing a year-over-year gain of 9.8%. The lowest import level was recorded in 2020 at 1 420 tonnes, which also saw the largest decline of 6.2%.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, t

From 2018 to 2021, Canada, the United States, and France were the primary suppliers of lard and poultry fats to Australia and New Zealand by volume. Canada accounted for 51.5% of imports, the United States for 27.9%, and France for 5.6%. Together, these three countries supplied 85.0% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Imports in value, K $ US

Imports of lard and poultry fats into Australia and New Zealand increased for the second consecutive year. In 2021, import value reached approximately 3 649 thousand US dollars, marking a strong improvement of 19.2% compared to 2020. Over the 2018-2021 period, import values increased by 12.1%, with an average annual growth rate of 3.9%. The lowest value was recorded in 2019 at 2 986 thousand US dollars, which also saw the largest decline of 8.3%.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, Canada, the United States, and France were the largest suppliers of lard and poultry fats to Australia and New Zealand in value terms. Canada accounted for 43.6% of import value, the United States for 29.1%, and France for 13.2%. Together, these three countries represented 86.0% of total imports by value.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia and New Zealand in value, 2018-2021