Market research

Lard and poultry fats market in Caribbean

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Caribbean" region includes following countries:

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

The Caribbean market for lard and poultry fats experienced substantial fluctuations in volume between 2018 and 2023. It began the period at 30 673 t in 2018 and grew to 32 824 t the following year. This upward trend was abruptly reversed in 2020, when market volume contracted by over 20% to 25 624 t.

After a slight further dip to 24 463 t in 2021, the market staged a strong recovery in 2022, expanding by nearly a quarter to reach 30 440 t. However, this rebound proved temporary, as 2023 saw the most severe decline of the period, with volume falling by roughly 35% to 19 870 t.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Caribbean
  1. 5.1.1. Annual dynamics of production in Caribbean in kind, 2018-2023, t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Antigua and Barbuda in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Antigua and Barbuda by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Antigua and Barbuda in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Antigua and Barbuda, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Antigua and Barbuda by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Antigua and Barbuda in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Antigua and Barbuda by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Antigua and Barbuda in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Antigua and Barbuda, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Antigua and Barbuda by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Antigua and Barbuda in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Antigua and Barbuda by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Antigua and Barbuda in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Antigua and Barbuda, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Antigua and Barbuda by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Antigua and Barbuda in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Antigua and Barbuda by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Antigua and Barbuda in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Antigua and Barbuda by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Antigua and Barbuda, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Antigua and Barbuda by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production lard and poultry fats in Caribbean

In kind, 2017-2020, t

Top producers of lard and poultry fats, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

In 2020, Caribbean produced 21,482 tons of lard and poultry fats, marking a significant 22.4% decline from the previous year. Looking at the period from 2017 to 2020, production fell by 24.4%, which translates to an annualized decrease of 8.9%. The largest increase occurred in 2019, with a rise of 5.3%.

Annual dynamics of production in Caribbean in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.4%)	5.3%	(22.4%)	(8.9%)

Source: SHEV.io

In value, 2017-2020, K $ US

In 2020, the output of lard and poultry fats in Caribbean was valued at 17,783 thousand US dollars, down by 42.2% compared to the year before. Over the 2017-2020 period, production decreased by 48.1%, with a compound annual growth rate (CAGR) of -19.6%. The largest increase was recorded in 2019, at 12.2%.

Annual dynamics of production in Caribbean in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.9%)	12.2%	(42.2%)	(19.6%)

Source: SHEV.io

Exports lard and poultry fats from Caribbean

Exports in kind, t

The market exhibited high volatility during these years. From 2017 to 2019, exports saw a peak-to-trough amplitude of 133 times. In 2020, shipments of lard and poultry fats from Caribbean to abroad totaled 250 tons, down by 11.1% from the previous year. The maximum value was recorded in 2019 at 281 tons, while the largest increase occurred in 2018, with a surge of 4,362.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4 362.3%	198.2%	(11.1%)	390.9%

Source: SHEV.io

Between 2017 and 2020, the United States was the leading buyer of lard and poultry fats from Caribbean, accounting for 21.6% of total exports in volume.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Market behavior was characterized by volatility in these years. The period saw a trough in 2017 and a peak in 2019, with a 123-fold gap between them. In 2020, the value of lard and poultry fats exported from Caribbean totaled 207 thousand US dollars, reflecting a sharp decline of 33.7% from the previous year. The maximum value was recorded in 2019 at 312 thousand US dollars, and the largest increase occurred in 2018, with a jump of 3,758.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3 758.3%	217.7%	(33.7%)	333.1%

Source: SHEV.io

From 2017 to 2020, the United States was the single largest buyer of lard and poultry fats from Caribbean in value terms, taking 5.8% of total exports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports lard and poultry fats to Caribbean

Imports in kind, t

In 2020, Caribbean imported 4,392 tons of lard and poultry fats from abroad, representing an 18.7% drop compared to the previous year. Between 2017 and 2020, imports decreased by 28%, equating to an annualized rate of -10.4%. The largest decline was recorded in 2018 at 26.8%, while the largest increase occurred in 2019, with a rise of 21.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(26.8%)	21.1%	(18.7%)	(10.4%)

Source: SHEV.io

Throughout 2017-2020, the import structure in volume was dominated by Spain and the United States, which together accounted for 86.5% of total flows; other markets contributed the remainder.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, Caribbean imported a total of 5,470 thousand US dollars worth of lard and poultry fats, down by 13.2% relative to the prior year. Between 2017 and 2020, imports decreased by 26.5%, with an annualized rate of -9.7%. The largest decline was recorded in 2018 at 24.9%, and the largest increase occurred in 2019, with a rise of 12.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(24.9%)	12.8%	(13.2%)	(9.7%)

Source: SHEV.io

During 2017-2020, two markets—Spain and the United States—played leading roles in imports by value, together taking 85.2% of total flows, while the rest was distributed among other destinations.

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

Source: SHEV.io

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

Source: SHEV.io