Earlier Report Observations
The production and market volume of lard and poultry fats in Nicaragua increased from 2,264 t in 2018 to 2,436 t in 2019, supported by the launch of the National Program for Swine Sector Development. This initiative promoted the shift from traditional backyard farming to semi-technified farms with technical and financial aid, laying a foundation for growth. In 2020, however, market volume dipped to 2,325 t. This coincided with the tariff-free entry of pork from the United States under the DR-CAFTA treaty, which increased domestic pork supply and likely tempered local fat production. Updated technical standards for fats and oils also began affecting labeling and quality control during this period.
A significant rebound followed in 2021, with market volume jumping to 2,593 t. This surge aligned with the drafting of stricter sanitary and traceability requirements for meat and its derivatives, which bolstered food safety systems. The upward trend in production continued into 2022, reaching 2,900 t, supported by a national plan targeting a 5% rise in fats and oils output and the wider adoption of biosecurity technologies in poultry farming, which boosted the supply of poultry fat. By 2023, production stabilized at a high level of 2,884 t, while market volume settled at 2,510 t. This period was characterized by continued development of new ventures, adoption of improved genetics and feeding technologies in pig farming, and growing domestic pork consumption driven by favorable prices.
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 Nicaragua
- 5.1.1. Annual dynamics of production in Nicaragua in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Nicaragua 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, 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, 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 Nicaragua
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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 Nicaragua in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Nicaragua 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 Nicaragua in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Nicaragua 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/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/kg
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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 Nicaragua in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Nicaragua 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 Nicaragua in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Nicaragua 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/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/kg
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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 Nicaragua in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Nicaragua 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 Nicaragua in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Nicaragua 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/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/kg
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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 Nicaragua in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Nicaragua 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 Nicaragua in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Nicaragua 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/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/kg
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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 Nicaragua
In kind, 2017-2020, t
Top producers of lard and poultry fats, 2017-2020
World map of production of lard and poultry fats, 2017-2020
Nicaragua's production of lard and poultry fats saw a two-year increase before declining. In 2019, production reached its peak at 2 434 tons, but by 2020 it had dropped slightly to 2 385 tons, representing a 2.0% decrease from the previous year. Over the period from 2017 to 2020, production grew by 9.8%, which translates to an average annual increase of 3.2%. The most significant year-on-year rise occurred in 2019, with a 7.5% jump.
Annual dynamics of production in Nicaragua in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 4.2% | 7.5% | (2.0%) | 3.2% |
Exports lard and poultry fats from Nicaragua
Exports in kind, kg
In 2020, Nicaragua exported 60 003 kilograms of lard and poultry fats, marking an extraordinary increase of 11 321 258.5% compared to 2019.
Annual dynamics of product's exports from Nicaragua in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | 11 321 258.5% | - |
From 2017 to 2020, Nicaragua's exports in kind were entirely concentrated on two countries: El Salvador and Guatemala, which together accounted for 100.0% of total shipments.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Nicaragua in kind, 2017-2020
Exports in value, $ US
The value of Nicaragua's lard and poultry fats exports surged to 42 772 US dollars in 2020, representing a dramatic increase of 1 069 201.3% over the previous year.
Annual dynamics of product's exports from Nicaragua in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | 1 069 201.3% | - |
Between 2017 and 2020, El Salvador and Guatemala were the sole markets for Nicaragua's exports in value terms, with El Salvador accounting for 67.0% and Guatemala for 33.0% of total flows, together making up 100.0%.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Nicaragua in value, 2017-2020
Imports lard and poultry fats to Nicaragua
Imports in kind, kg
Import volumes showed significant volatility during this period. In 2018, imports hit their lowest point at just 1 kilogram, but they skyrocketed to 1 436 kilograms in 2019, representing an increase of 143 530.0% from the previous year. This created a 1 436-fold difference between the peak in 2019 and the trough in 2018. The sharpest decline occurred in 2018, with a drop of 99.7%.
Annual dynamics of product's imports to Nicaragua in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (99.7%) | 143 530.0% | n/a | - |
Throughout 2017–2020, Nicaragua's imports in kind were exclusively sourced from the United States, which accounted for 100.0% of total flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Nicaragua in kind, 2017-2020
Imports in value, $ US
Import values exhibited considerable fluctuations. In 2018, the value was at its minimum of 3 US dollars, but it jumped sharply to 3 532 US dollars in 2019, reflecting a gain of 122 981.2% from the previous year. This resulted in a 1 231-fold difference between the 2019 peak and the 2018 low. The most pronounced decline was recorded in 2018, at 99.5%.
Annual dynamics of product's imports to Nicaragua in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (99.5%) | 122 981.2% | n/a | - |
From 2017 to 2020, Nicaragua's imports in value terms were entirely dependent on the United States, which supplied 100.0% of total lard and poultry fats imports.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Nicaragua in value, 2017-2020
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