Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Belgium - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Belgium (FOB) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Belgium (CIF) - 2023
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Belgium
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Belgium
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Belgium (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,212 per ton in 2022, growing by 13% against the previous year. Over the period under review, the export price showed a perceptible expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 50%. The export price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($1,628 per ton) and France ($1,448 per ton), while the average price for exports to the Netherlands ($1,176 per ton) and Spain ($1,276 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.4%), 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 Belgium (CIF) - 2023
In December 2023, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $695 per ton, standing approximately at the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 120% against the previous month. The import price peaked at $1,530 per ton in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($1,294 per ton), while the price for the Netherlands amounted to $655 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.4%).
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Belgium
In 2022, exports of pig fat; lard, other than that of heading 0209 and 1503s from Belgium rose to 32K tons, increasing by 4.8% compared with 2021. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 11%. As a result, the exports attained the peak of 42K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s skyrocketed to $39M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 27%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 18.6 | 25.1 | 22.4 | 32.2 | 20.1% |
| France | 3.1 | 3.0 | 5.5 | 4.7 | 14.9% |
| Spain | 0.8 | 1.3 | 4.6 | 1.3 | 17.6% |
| Germany | 0.9 | 0.5 | 0.1 | 0.1 | -51.9% |
| Others | 0.4 | 0.4 | 0.6 | 0.9 | 31.0% |
| Total | 23.9 | 30.3 | 33.2 | 39.3 | 18.0% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Belgium in 2022:
- Netherlands (27.4K tons)
- France (3.3K tons)
- Spain (1.0K tons)
- Germany (0.1K tons)
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Belgium
In 2022, approx. 11K tons of pig fat; lard, other than that of heading 0209 and 1503s were imported into Belgium; rising by 57% on the year before. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 94%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s skyrocketed to $15M in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 161% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.0 | 2.1 | 3.8 | 7.5 | 35.7% |
| Germany | 0.4 | 0.4 | 1.7 | 6.3 | 150.7% |
| Denmark | 0.8 | 0.4 | 1.5 | 0.5 | -14.5% |
| France | 0.5 | 0.3 | 0.6 | 0.5 | 0.0% |
| Italy | N/A | N/A | 0.4 | 0.3 | -25.0% |
| Others | N/A | N/A | 0.6 | 0.2 | -66.7% |
| Total | 4.7 | 3.3 | 8.7 | 15.2 | 47.9% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Belgium in 2022:
- Netherlands (5.7K tons)
- Germany (4.0K tons)
- Denmark (0.3K tons)
- France (0.3K tons)
- Italy (0.1K tons)
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