The import of lard, other pig fat, and poultry fat to the US has shown a steady increase, with the forecast for 2024 standing at $29.777 million. This reflects a positive trend from the actual figure in 2023, which was typically around $29 million. The projected growth rate from 2024 to 2028 is consistent, with year-on-year variations indicating an approximate increase of 2.92% annually. The projected compound annual growth rate (CAGR) for the 2024-2028 period is expected to be steady, with an average growth of approximately 2.77% per year.
Future trends to monitor include the impact of global trade policies on the pork and poultry sectors and the influence of evolving consumer preferences towards plant-based fats. Additionally, changes in production costs and supply chain efficiency in major exporting countries could affect import levels and pricing dynamics in the US market.
