Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Brazil - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Brazil (FOB) - 2024
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Brazil
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Brazil (FOB) - 2024
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,534 per ton in May 2024, approximately equating the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 an increase of 4% month-to-month. The export price peaked at $1,750 per ton in July 2023; however, from August 2023 to May 2024, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Bolivia.
From May 2023 to May 2024, the rate of growth in terms of prices for Bolivia amounted to -0.7% per month.
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Brazil
In 2022, shipments abroad of pig fat; lard, other than that of heading 0209 and 1503s decreased by -17.2% to 1.8K tons, falling for the second year in a row after two years of growth. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. As a result, the exports attained the peak of 2.9K 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 dropped to $2.8M in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. As a result, the exports attained the peak of $3.1M. 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 Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 2.6 | 3.0 | 3.0 | 2.8 | 2.5% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 2.7 | 3.1 | 3.0 | 2.8 | 1.2% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Brazil in 2022:
- Bolivia (1818.4 tons)
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