Rendered lard and other pig fat market in Denmark

Earlier Report Observations

The market volume for rendered lard and pig fat in Denmark contracted significantly from 59 thousand tons in 2018 to 26 thousand tons in 2024. This decline was influenced by a sustained shift in consumer preferences away from animal fats, a trend noted in market reports from 2020 onward. Export dynamics also played a role, with a sharp increase in export value recorded in 2019 coinciding with a drop in domestic market volume, indicating that external demand diverted supply from the local market.

After a temporary recovery to 50 thousand tons in 2020, the market shrank again in 2021 to 35 thousand tons. This contraction was linked to reported declines in both exports and consumption, attributed to changes in global trade patterns and price developments. The downward trajectory continued through 2023, with analysts pointing to persistent changes in consumer behavior, leading to a market volume of 26 thousand tons by 2024.

Production rendered lard and pig fat in Denmark

In value, 2018-2021, K $ US

Denmark's production of rendered lard and other pig fat has increased for the second consecutive year. In 2021, output was valued at 51 983 thousand US dollars, marking a sharp gain of 40.7% compared to the previous year. Over the period from 2018 to 2021, production grew by 25.1%, with a compound annual growth rate of 7.8%. The lowest value was recorded in 2019 at 32 547 thousand US dollars, which also saw the largest decline of 21.7%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, t

In 2021, Denmark produced 57 296 tonnes of rendered lard and other pig fat, representing a slight decrease of 3.0% from the previous year. Between 2018 and 2021, production fell by 20.2%, equating to an annualized decline of 7.3%. The lowest volume was recorded in 2019 at 57 165 tonnes, which also experienced the largest drop of 20.4%. In contrast, the largest increase occurred in 2020 with a rise of 3.4%.

Annual dynamics of production in Denmark in kind, 2018-2021, t

Exports rendered lard and pig fat from Denmark

Exports in kind, t

After a two-year decline, Denmark's exports of rendered lard and other pig fat have increased. In 2021, export volume reached 22 208 tonnes, showing an 8.3% improvement compared to 2020. However, between 2018 and 2021, exports decreased by 32.6%, which translates to an annualized decline of 12.3%. The lowest volume was recorded in 2020 at 20 505 tonnes, while the largest decline occurred in 2019 with a drop of 24.5%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

From 2018 to 2021, the Netherlands and the United Kingdom remained the leading markets for Denmark's exports in volume terms, together accounting for 85.3% of total flows. Other partners played a supplementary role during this period.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

Denmark's exports of rendered lard and other pig fat have risen for the second year in a row. In 2021, exports stood at 26 763 thousand US dollars, showing a significant rise of 51.6% year-over-year. Over the period from 2018 to 2021, exports increased by 18.7%, equating to an annualized growth rate of 5.9%. The lowest value was recorded in 2019 at 17 320 thousand US dollars, which also saw the largest decline of 23.2%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

Between 2018 and 2021, the Netherlands and the United Kingdom continued to be the key destinations for Denmark's exports in value terms, jointly accounting for 84.0% of total flows. Other partners were much less significant individually during this timeframe.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports rendered lard and pig fat to Denmark

Imports in kind, t

The market exhibited an unstable trend throughout the period. Import volumes peaked in 2018 and reached their minimum in 2021, with a top-to-bottom ratio of 414 times. In 2021, Denmark's imports of rendered lard and other pig fat amounted to 48 tonnes, marking an abrupt loss of 99.6% compared to the previous year. The largest increase was recorded in 2020 at 0.2%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

Throughout 2018 to 2021, the country structure of Denmark's imports in volume terms was shaped primarily by Germany and Sweden, which together accounted for 85.0% of total flows. Other markets formed a long tail during this period.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

Volatility characterized the market behavior during these years. Import volumes peaked in 2018 and declined to the lowest level in 2021, with a top-to-bottom ratio of 183 times. In 2021, Denmark's imports of rendered lard and other pig fat totalled 63 thousand US dollars, indicating a steep fall of 99.2% compared to the previous year. The largest increase was recorded in 2020 at 17.7%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

From 2018 to 2021, the country structure of Denmark's imports in value terms was shaped primarily by Germany and Sweden, which together accounted for 88.1% of total flows. Other markets formed a long tail during this timeframe.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021