Lard and poultry fats market in Oceania

Earlier Report Observations

The market volume for lard and poultry fats in Oceania experienced fluctuations between 2018 and 2023. Starting at 34 281 tons in 2018, it dropped to 31 280 tons the following year before recovering to 32 935 tons in 2020. Growth continued in 2021, reaching 34 835 tons, followed by a slight stabilization in 2022 at 34 242 tons. The market then expanded to 36 257 tons in 2023, marking an overall increase over the period.

By 2024, several developments were influencing the sector. Significant growth in Australian poultry meat production boosted the supply of poultry fats, driven by global demand and the animal feed industry. Additionally, the use of poultry fats for biodiesel saw a 54% increase from 2022 to 2024, supported by government policies promoting renewable fuels. Technological innovations improved rendering efficiency by 18%, while regulatory changes in environmental standards affected processing operations. Consumer demand for sustainably sourced animal fats and the entry of new companies further shaped the market landscape.

Production lard and poultry fats in Oceania

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

In 2019, Oceania's production of lard and poultry fats reached its lowest point at 30 107 t, following a 6.0% decline from the previous year. Production peaked in 2018 at 32 016 t. By 2020, output had recovered to 31 608 t, marking a 5.0% year-over-year increase. Over the entire 2017-2020 period, production grew by 2.6%, which translates to an average annual growth rate of 0.9%.

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

Exports lard and poultry fats from Oceania

Exports in kind, t

The export market for lard and poultry fats from Oceania showed significant volatility during this period. In 2018, exports hit their lowest point at 146 t, but then surged by 206.7% in 2019 to reach a peak of 447 t. However, in 2020, exports dropped sharply by 51.8% to 215 t. The difference between the highest and lowest export volumes was substantial, with 2019's figure being 3.1 times higher than that of 2018.

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

From 2017 to 2020, South Korea, Indonesia, and Switzerland were the primary destinations for Oceania's lard and poultry fat exports by volume. South Korea accounted for 55.9% of total exports, Indonesia for 7.2%, and Switzerland for 1.9%. Together, these three countries absorbed 65.0% of all exports from the region.

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

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

Exports in value, K $ US

Export values for lard and poultry fats from Oceania experienced notable fluctuations between 2017 and 2020. The lowest value was recorded in 2017, while exports peaked in 2019 at 601 K $ US. In 2020, export value declined significantly to 223 K $ US, representing a 62.8% drop from the previous year. The most substantial increase occurred in 2018, with a growth of 182.5%. Overall, the difference between the highest and lowest values was 4.7-fold.

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

During the 2017-2020 period, South Korea, Switzerland, and China were the largest buyers of lard and poultry fats from Oceania in value terms. South Korea accounted for 43.4% of total export value, Switzerland for 18.5%, and China for 4.2%. Collectively, these three markets represented 66.1% of Oceania's total export revenue from these products.

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

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

Imports lard and poultry fats to Oceania

Imports in kind, t

Oceania's imports of lard and poultry fats declined for the second consecutive year in 2020, reaching 1 542 t, which was a modest 4.8% decrease from 2019. Imports peaked in 2018 at 2 410 t, following a 23.1% increase from the previous year. The most significant decline occurred in 2019, with a drop of 32.8%. Over the entire 2017-2020 period, imports decreased by 21.2%, equivalent to an average annual decline of 7.7%.

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

Between 2017 and 2020, Canada, the United States, and Indonesia were the leading sources of lard and poultry fat imports to Oceania by volume. Canada supplied 42.8% of total imports, the United States 23.3%, and Indonesia 18.5%. Together, these three countries accounted for 84.6% of all imports to the region.

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

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

Imports in value, K $ US

In 2020, Oceania's import value for lard and poultry fats reached 3 216 K $ US, showing a slight increase of 3.3% compared to 2019. The lowest import value was recorded in 2019 at 3 112 K $ US, following a 22.6% decline from the previous year. Imports peaked in 2018 at 4 020 K $ US, after a 20.3% increase. Over the 2017-2020 period, import value decreased by 3.8%, with an average annual decline of 1.3%.

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

From 2017 to 2020, Canada, the United States, and France were the main sources of lard and poultry fat imports to Oceania in value terms. Together, these three markets accounted for 82.1% of total import value during this period.

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

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