Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Angola - 2022
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Angola (CIF) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Angola (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Angola
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Angola
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Angola (CIF) - 2022
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $3,846 per ton in 2022, shrinking by -4.4% against the previous year. Over the period under review, the import price, however, enjoyed temperate growth. The pace of growth appeared the most rapid in 2020 an increase of 61% against the previous year. As a result, import price attained the peak level of $4,205 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Namibia ($20,650 per ton), while the price for France ($189 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+92.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Angola (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,542 per ton in 2022, dropping by -33.7% against the previous year. Overall, the export price, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 47% against the previous year. The export price peaked at $2,663 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Namibia.
From 2015 to 2022, the rate of growth in terms of prices for Namibia amounted to -11.4% per year.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Angola
In 2022, imports of pig fat; lard, other than that of heading 0209 and 1503s into Angola soared to 6.3 tons, with an increase of 73% against the previous year's figure. Over the period under review, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s expanded significantly to $16K in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 11.3 | 11.0 | 8.0 | 14.5 | 8.7% |
| Spain | N/A | N/A | N/A | 0.8 | 0% |
| France | N/A | N/A | N/A | N/A | 0% |
| Others | 0.9 | 0.4 | 6.6 | 0.4 | -23.7% |
| Total | 12.2 | 11.4 | 14.6 | 15.7 | 8.8% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Angola in 2022:
- Portugal (5.0 tons)
- Spain (1.0 tons)
- France (0.2 tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Angola
In 2022, overseas shipments of pig fat; lard, other than that of heading 0209 and 1503s decreased by -39.2% to 118 kg, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2020 when exports increased by 7.1%. As a result, the exports reached the peak of 270 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s dropped sharply to $182 in 2022. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, the exports attained the peak of $719. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Angola (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 344 | 719 | 451 | 182 | -19.1% |
| Democratic Republic of the Congo | 180 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 524 | 719 | 451 | 182 | -29.7% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Angola in 2022:
- Namibia (118.0 kg)
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