Earlier Report Observations
From 2018 to 2020, the market volume for non-rendered pig fat in Honduras declined from 1 122 t to 999 t. Hog producers' shift toward leaner meat genetics and government programs providing high-quality breeding pigs influenced pork production, while investments in pig farming and low domestic pork prices supported consumption. The market contraction in 2020 occurred alongside a drop in domestic output.
The market recovered from 2021, reaching 1 120 t in 2021 and peaking at 1 201 t in 2023. This rebound was driven by surging imports, as hurricanes Eta and Iota in 2020 destroyed local farms, forcing greater reliance on imported pork and fat. In 2023, the implementation of the National Traceability System (SINART) aimed to strengthen production controls and open export markets, though imports hit a record 638 t that year. By 2024, increased exports of animal fat from the United States pointed to continued import dependence.
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 Honduras
- 5.1.1. Annual dynamics of production in Honduras in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Honduras 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 Honduras
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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 Honduras in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Honduras 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 Honduras in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Honduras 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/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/t
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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 Honduras in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Honduras 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 Honduras in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Honduras 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/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data*)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, t
- 7.1.2. In value, K $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, t
- 7.2.2. In value, K $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2024
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production non-rendered pig fat free of lean meat in Honduras
In kind, 2017-2020, t
Top producers of non-rendered pig fat free of lean meat, 2017-2020
World map of production of non-rendered pig fat free of lean meat, 2017-2020
Honduras has seen its production of non-rendered pig fat free of lean meat decline for the third year in a row. In 2020, the country produced 643.5 tonnes, marking a significant drop of 11.5% from 2019. Looking at the broader period from 2017 to 2020, production fell by 21.4%, which translates to an average annual decrease of 7.7%.
Annual dynamics of production in Honduras in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.7%) | (8.7%) | (11.5%) | (7.7%) |
Exports non-rendered pig fat free of lean meat from Honduras
According to market outlook data, Honduras did not export any non-rendered pig fat free of lean meat between 2017 and 2020.
Imports non-rendered pig fat free of lean meat to Honduras
Imports in kind, t
After two years of growth, Honduras's imports of non-rendered pig fat free of lean meat decreased. In 2020, import volume stood at 355.4 tonnes, down 11.0% from the previous year. Over the 2017-2020 period, imports rose by 42.3%, averaging an annual growth rate of 12.5%. The peak was in 2019 at 399.3 tonnes, with the largest year-on-year increase occurring in 2018 at 30.4%.
Annual dynamics of product's imports to Honduras in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 30.4% | 22.6% | (11.0%) | 12.5% |
From 2017 to 2020, the United States was the nearly exclusive supplier of non-rendered pig fat free of lean meat to Honduras, accounting for 97.2% of total imports by volume.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Honduras in kind, 2017-2020
Imports in value, K $ US
Following two years of increases, Honduras's imports of non-rendered pig fat free of lean meat in value terms declined. In 2020, import value totaled 1 005 thousand US dollars, a 25.2% decrease compared to 2019. Over the 2017-2020 span, imports grew by 36.1%, with a compound annual growth rate of 10.8%. The highest value was recorded in 2019 at 1 343 thousand US dollars, and the biggest jump was in 2018 at 42.0%.
Annual dynamics of product's imports to Honduras in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 42.0% | 28.1% | (25.2%) | 10.8% |
During 2017-2020, the import market was highly concentrated, with the United States alone making up 98.4% of total imports by value.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Honduras in value, 2017-2020
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