Pig fat: lard, other than that of heading 0209 and 1503

In 2024, pig fat: lard, other than that of heading 0209 and 1503 trade exhibited slight decline, with global flows reaching $271,591,314 and a three-year compound annual growth rate of -5.5% (five-year: +9.8%). The all-time peak of $321,562,960 was recorded in 2021; the current level is 16% below that high-water mark.

Over the 30-year observation window (1995–2024), 41% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-9.4% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.107). The three largest exporters — Netherlands ($52.2M), Germany ($47.8M), and Spain ($35.1M) — collectively dominate supply flows. The leading exporter has grown at +37.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.097). The three largest import markets are Netherlands ($56.2M), Singapore ($41.6M), and Mexico ($23.5M). The largest importing market sources from 27 different supplying countries.

The dominant trade corridor is Germany → Netherlands at $33.9M, representing 60.4% of the importer's total demand.

The volatility score for pig fat: lard, other than that of heading 0209 and 1503 is 5 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.