Lard and poultry fats market in Eastern Europe (including Northern Asia)

Earlier Report Observations

From 2018 to 2020, the market for lard and poultry fats in Eastern Europe experienced significant shifts. In 2018, production and market volume reached high levels, supported by the development of the agribusiness complex and rising domestic demand. The following year, market volume declined to 804 thousand tons. In 2020, despite the COVID-19 pandemic, state support for the agro-industrial sector helped stabilize production and contributed to a market recovery, with volume reaching 841 thousand tons.

The period from 2021 to 2022 was marked by relative stability in physical terms but substantial value growth. In 2021, the market volume remained steady at 838 thousand tons, aided by government export support programs and the entry of new players focusing on deep processing of animal fats. The next year, geopolitical risks and Western sanctions led to increased logistics costs and currency fluctuations, which drove the market value up to $1.6 billion even as the physical volume slightly decreased to 824 thousand tons.

A sharp contraction occurred in 2023, with market volume dropping to 494 thousand tons and value falling to $751 million. By 2024, new state support measures for poultry farming and a wave of investor interest stimulated export activity, which grew to 90.5 thousand tons, indicating a revival in production and trade.

Production lard and poultry fats in Eastern Europe (including Northern Asia)

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

In 2019, Eastern Europe (including Northern Asia) recorded its lowest production of lard and poultry fats at 793 thousand tons, which was a significant decline of 10.2% from the previous year. Production then rebounded in 2020, reaching 817 thousand tons with a modest increase of 3.0% compared to 2019. The peak production occurred in 2018 at 884 thousand tons, marking a substantial gain of 9.9% from 2017.

Annual dynamics of production in Eastern Europe (including Northern Asia) in kind, 2017-2020, K t

In value, 2017-2020, M $ US

After two consecutive years of growth, the production value of lard and poultry fats in Eastern Europe (including Northern Asia) experienced a slight downturn. In 2020, the output was valued at 1 073 million US dollars, down by 1.2% from 2019. The highest value was recorded in 2019 at 1 086 million US dollars, following a notable increase of 15.2% in 2018. Overall, from 2017 to 2020, production value rose by 23.5%, averaging an annual growth rate of 7.3%.

Annual dynamics of production in Eastern Europe (including Northern Asia) in value, 2017-2020, M $ US

Exports lard and poultry fats from Eastern Europe (including Northern Asia)

Exports in kind, t

In 2020, Eastern Europe (including Northern Asia) exported 27 127 tons of lard and poultry fats, showing a strong increase of 15.0% compared to the previous year. The largest decline occurred in 2019, with an 8.0% drop, while the most significant growth was in 2018 at 20.3%. Over the period from 2017 to 2020, exports grew by 27.3%, with a compound annual growth rate of 8.4%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020, t

From 2017 to 2020, lard and poultry fats exports from Eastern Europe (including Northern Asia) were distributed across numerous markets. The top destinations—the Netherlands, France, and Germany—collectively accounted for only 29.2% of total exports in volume, highlighting the diversity of the export structure.

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

World map of product's exports from Eastern Europe (including Northern Asia) in kind, 2017-2020

Exports in value, K $ US

For the third year in a row, the value of lard and poultry fats exports from Eastern Europe (including Northern Asia) continued to rise. In 2020, exports reached 35 599 thousand US dollars, up by a robust 10.2% from 2019. Between 2017 and 2020, export value increased by 54.6%, translating to an annualized growth rate of 15.6%.

Annual dynamics of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020, K $ US

During 2017–2020, the value of lard and poultry fats exports from Eastern Europe (including Northern Asia) was spread across a wide range of markets. The leading importers—France (15.1% of export value), the Netherlands (14.1%), and the United Kingdom (12.1%)—together made up just 41.4% of total exports, underscoring the fragmented nature of the market.

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

World map of product's exports from Eastern Europe (including Northern Asia) in value, 2017-2020

Imports lard and poultry fats to Eastern Europe (including Northern Asia)

Imports in kind, t

Following a two-year decline, imports of lard and poultry fats into Eastern Europe (including Northern Asia) surged in 2020. The region imported 51 066 tons, a sharp increase of 48.5% compared to 2019. The lowest import volume was recorded in 2019 at 34 396 tons, which also saw the largest decline of 8.7%. From 2017 to 2020, imports grew by 30.4%, with a compound annual growth rate of 9.2%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020, t

Between 2017 and 2020, imports of lard and poultry fats into Eastern Europe (including Northern Asia) came from a variety of sources. The top suppliers—Austria, Germany, and Sweden—collectively represented only 38.2% of total imports in volume, indicating a highly diversified import structure.

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

World map of product's imports to Eastern Europe (including Northern Asia) in kind, 2017-2020

Imports in value, K $ US

After two years of decrease, the value of lard and poultry fats imports into Eastern Europe (including Northern Asia) rose significantly in 2020. Imports reached 41 499 thousand US dollars, a steep increase of 42.6% from the previous year. The lowest value was in 2019 at 29 092 thousand US dollars, while the largest decline occurred in 2018 at 9.4%. Over the 2017–2020 period, import value increased by 19.8%, with an annualized growth rate of 6.2%.

Annual dynamics of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020, K $ US

The import structure in value terms from 2017 to 2020 was highly diversified. Austria (16.8% of import value), Germany (14.1%), and Sweden (5.7%) together accounted for just 36.6% of total imports, with no single country dominating the market.

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

World map of product's imports to Eastern Europe (including Northern Asia) in value, 2017-2020