Market research

Lard and poultry fats market in Southern Asia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Southern Asia" region includes following countries:

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Earlier Report Observations

The market for lard and poultry fats in Southern Asia showed a clear shift in trajectory between 2018 and 2023. After an initial contraction from 20 287 t in 2018 to 18 562 t in 2020, consumption rebounded strongly, reaching 21 440 t by 2022 before stabilizing at 21 056 t in 2023.

Key influences shaping the market by 2024 included the region's growing consumption of poultry meat, valued for its affordability and favorable nutrition, which in turn supported demand for poultry fats. This was coupled with an expansion in poultry production, particularly in Asian countries with ample grain supplies for feed. Concurrently, technological improvements in fat rendering processes enhanced efficiency, and the robust growth of the Asia-Pacific animal feed sector created additional demand for these fats as an ingredient.

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 Southern Asia
  1. 5.1.1. Annual dynamics of production in Southern Asia 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 Afghanistan in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Afghanistan 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 Afghanistan in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Afghanistan 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 Afghanistan, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Afghanistan 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 Afghanistan in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Afghanistan 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 Afghanistan in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Afghanistan 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 Afghanistan, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Afghanistan 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 Afghanistan in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Afghanistan 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 Afghanistan in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Afghanistan 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 Afghanistan, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Afghanistan 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 Afghanistan in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Afghanistan 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 Afghanistan in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Afghanistan 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 Afghanistan, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Afghanistan 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 Southern Asia

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

Southern Asia's production of lard and poultry fats has declined for the third year in a row. In 2020, the region produced 17 715 tonnes, which represents an 8.7% decrease compared to 2019. Looking at the period from 2017 to 2020, production fell by 14%, translating to an average annual decline of 4.9%.

Annual dynamics of production in Southern Asia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.6%)	(4.3%)	(8.7%)	(4.9%)

Source: SHEV.io

Exports lard and poultry fats from Southern Asia

Exports in kind, t

Southern Asia exported 98.0 tonnes of lard and poultry fats in 2020, marking a significant drop of 29.0% from the previous year. Between 2017 and 2020, exports decreased by 5%, with an average annual decline of 1.7%. The highest export volume was recorded in 2019 at 138.0 tonnes, which also saw the largest increase of 40.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.7%)	40.3%	(29.0%)	(1.7%)

Source: SHEV.io

From 2017 to 2020, the main buyers of lard and poultry fats from Southern Asia were Azerbaijan, accounting for 36.1% of exports in kind, Turkmenistan with 12.8%, and China at 6.7%. Together, these three countries made up 55.6% of total exports in kind.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market showed considerable volatility during this period. Exports in value terms peaked in 2019 at 195.6 thousand US dollars and fell to a low of 37.6 thousand US dollars in 2020, representing a 5.2-fold difference. In 2020, the value of lard and poultry fats shipments from Southern Asia dropped sharply by 80.8% compared to the previous year. The largest increase occurred in 2019, with a rise of 96.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.5%)	96.5%	(80.8%)	(29.3%)

Source: SHEV.io

Between 2017 and 2020, the principal destinations for exports in value terms were China, which accounted for 34.2% of the total, Azerbaijan with 16.5%, and Turkmenistan at 12.8%. Collectively, these three markets represented 63.4% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports lard and poultry fats to Southern Asia

Imports in kind, t

Southern Asia's imports of lard and poultry fats have increased for the third consecutive year. In 2020, imports reached 944.8 tonnes, showing a substantial rise of 534.0% compared to 2019. Over the period from 2017 to 2020, imports grew by 1 261.7%, with an average annual growth rate of 138.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	66.1%	29.3%	534.0%	138.8%

Source: SHEV.io

From 2017 to 2020, Saudi Arabia dominated the import structure in kind, representing 86.8% of total flows, while other countries played a relatively minor role.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Southern Asia's imports of lard and poultry fats in value terms have also risen for the third year in a row. In 2020, imports totaled 37.6 thousand US dollars, indicating a sharp increase of 91.1% from the previous year. Between 2017 and 2020, imports grew by 149.1%, with an average annual growth rate of 35.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	20.6%	8.1%	91.1%	35.6%

Source: SHEV.io

Throughout 2017 to 2020, Saudi Arabia was the central partner for imports in value terms, holding a 75.4% share of total flows, with other markets contributing less significantly.

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

Source: SHEV.io

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

Source: SHEV.io