Earlier Report Observations
The Canadian lard and poultry fats market volume grew strongly from 105 thousand tonnes in 2018 to 143 thousand tonnes in 2020, an increase of over 36%. This expansion was followed by a notable contraction, with the market falling by 24% to 109 thousand tonnes in 2022. The market then rebounded in 2023, reaching 123 thousand tonnes, indicating a partial recovery of the previous losses.
The period from 2018 to 2023 was characterized by significant volatility in market volume, with the peak in 2020 giving way to a sharp decline and subsequent stabilization. The overall market size in 2023 remained 17% higher than its 2018 level, reflecting a net growth across the six-year span despite the intermediate downturn.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Canada
- 5.1.1. Annual dynamics of production in Canada in kind, 2018-2023, K t
- 5.1.2. Annual dynamics of production in Canada in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Canada
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Canada in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Canada by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Canada in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Canada by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Canada, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Canada by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Canada in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Canada by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Canada in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Canada by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Canada, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Canada by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Canada in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Canada by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Canada in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Canada by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Canada, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Canada by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Canada in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Canada by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Canada in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Canada by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Canada, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Canada by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production lard and poultry fats in Canada
In kind, 2017-2020, K t
From 2017 to 2020, Canada ranked 9th globally in the production of lard and poultry fats.
Top producers of lard and poultry fats, 2017-2020
World map of production of lard and poultry fats, 2017-2020
Canada's production of lard and poultry fats grew for the third year in a row. In 2020, the country produced 164.5 K t, marking a 4.0% increase from the previous year. Over the 2017-2020 period, production rose by 25.3%, with an average annual growth rate of 7.8%.
Annual dynamics of production in Canada in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.6% | 16.3% | 4.0% | 7.8% |
In value, 2017-2020, M $ US
The value of lard and poultry fats production in Canada increased for the second consecutive year. In 2020, output was valued at 123.8 M $ US, reflecting a moderate 6.1% improvement compared to 2019. From 2017 to 2020, production value grew by 25.5%, with a compound annual growth rate of 7.9%. The lowest value was recorded in 2018 at 89.8 M $ US, which saw the largest decline of 9.0%. In contrast, 2019 experienced the biggest increase at 30.1%.
Annual dynamics of production in Canada in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (9.0%) | 30.1% | 6.1% | 7.9% |
Exports lard and poultry fats from Canada
Exports in kind, t
Canada's exports of lard and poultry fats in volume terms fell for the second year in a row. In 2020, export volume was 28 702 t, showing a sharp decline of 21.1% from 2019. Between 2017 and 2020, exports decreased by 13.3%, equivalent to an annualized rate of 4.6%. The peak volume occurred in 2018 at 39 836 t, which also saw the largest increase of 20.3%.
Annual dynamics of product's exports from Canada in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 20.3% | (8.7%) | (21.1%) | (4.6%) |
From 2017 to 2020, the United States was the primary destination for Canada's lard and poultry fats exports in volume, accounting for 86.7% of total flows. The remaining share was spread across several smaller markets.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Canada in kind, 2017-2020
Exports in value, K $ US
After two years of growth, Canada's exports of lard and poultry fats in value terms declined. In 2020, exports reached 21 609 K $ US, representing a significant drop of 19.5% from the previous year. Over the 2017-2020 period, exports decreased by 13.2%, with a compound annual growth rate of 4.6%. The highest value was recorded in 2019 at 26 840 K $ US, while 2018 saw the largest increase of 5.7%.
Annual dynamics of product's exports from Canada in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 5.7% | 2.1% | (19.5%) | (4.6%) |
Throughout 2017 to 2020, the United States was the main buyer of lard and poultry fats from Canada in value terms, taking 81.7% of total exports. Other partners held relatively modest shares.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Canada in value, 2017-2020
Imports lard and poultry fats to Canada
Imports in kind, t
Canada's imports of lard and poultry fats in volume terms decreased for the third consecutive year. In 2020, imports stood at 7 456 t, indicating a gradual reduction of 6.1% compared to 2019. Between 2017 and 2020, imports fell by 31.9%, equating to an annualized rate of 12.0%.
Annual dynamics of product's imports to Canada in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (17.4%) | (12.2%) | (6.1%) | (12.0%) |
From 2017 to 2020, the United States overwhelmingly dominated Canada's imports of lard and poultry fats in volume, accounting for 95.1% of the total.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Canada in kind, 2017-2020
Imports in value, K $ US
Canada's imports of lard and poultry fats in value terms declined for the third year in a row. In 2020, imports were approximately 7 545 K $ US, which is 6.4% lower than the previous year. Between 2017 and 2020, imports decreased by 18.4%, equivalent to an annualized rate of 6.6%.
Annual dynamics of product's imports to Canada in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (12.7%) | (0.2%) | (6.4%) | (6.6%) |
Over the 2017-2020 period, Canada's reliance on the United States was pronounced, with this market accounting for 91.5% of total imports in value terms for lard and poultry fats.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Canada in value, 2017-2020
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