Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Austria - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Austria (FOB) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Austria (CIF) - 2022
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Austria
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Austria
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Austria (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,410 per ton in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2020 when the average export price increased by 21% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($2,500 per ton), while the average price for exports to Slovakia ($1,285 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Austria (CIF) - 2022
In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,572 per ton, surging by 25% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pig fat; lard, other than that of heading 0209 and 1503s increased by +95.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 Germany ($3,054 per ton), while the price for Italy ($1,536 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Austria
In 2022, the amount of pig fat; lard, other than that of heading 0209 and 1503s exported from Austria expanded slightly to 4.1K tons, growing by 1.9% compared with the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 7.5% against the previous year. As a result, the exports attained the peak of 4.4K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s soared to $5.7M in 2022. The total export value increased at an average annual rate of +12.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 2,561 | 3,444 | 3,176 | 3,250 | 8.3% |
| Germany | 580 | 711 | 671 | 996 | 19.8% |
| Hungary | 616 | 749 | 571 | 856 | 11.6% |
| Slovakia | 176 | 264 | 295 | 631 | 53.1% |
| France | 118 | 115 | 169 | N/A | 19.7% |
| Others | 8.1 | 1.2 | 1.0 | 1.9 | -38.3% |
| Total | 4,060 | 5,284 | 4,883 | 5,734 | 12.2% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Austria in 2022:
- Czech Republic (2403.6 tons)
- Germany (600.0 tons)
- Hungary (572.1 tons)
- Slovakia (491.2 tons)
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Austria
In 2022, approx. 1.6K tons of pig fat; lard, other than that of heading 0209 and 1503s were imported into Austria; with an increase of 39% compared with the previous year's figure. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 62% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s soared to $2.6M in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 561 | 891 | 1,268 | 2,412 | 62.6% |
| Germany | 183 | 227 | 98.8 | 87.3 | -21.9% |
| Poland | 28.2 | 51.7 | 55.8 | 60.9 | 29.3% |
| Netherlands | N/A | 91.6 | 47.0 | N/A | -48.7% |
| Others | 1.9 | 1.0 | 1.8 | 0.1 | -62.5% |
| Total | 774 | 1,262 | 1,471 | 2,560 | 49.0% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Austria in 2022:
- Italy (1569.8 tons)
- Poland (30.4 tons)
- Germany (28.6 tons)
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