Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in China - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in China (FOB) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in China (CIF) - 2022
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in China
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in China
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in China (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $2,224 per ton in 2022, leveling off at the previous year. In general, the export price showed a abrupt descent. The growth pace was the most rapid in 2015 when the average export price increased by 39% against the previous year. The export price peaked at $4,100 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +6.5% per year.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in China (CIF) - 2022
In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,631 per ton, rising by 8.9% against the previous year. Over the period under review, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 13%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Denmark.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +0.4% per year.
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in China
After two years of decline, shipments abroad of pig fat; lard, other than that of heading 0209 and 1503s decreased by 0% to 19 tons in 2022. In general, exports showed a sharp slump. The smallest decline of 99.9% was in 2020.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s totaled $43K in 2022. Over the period under review, exports recorded a sharp shrinkage. The smallest decline of 99.9% was in 2020.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 818 | N/A | N/A | 43.2 | -62.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 818 | N/A | N/A | 43.3 | -62.5% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from China in 2022:
- Hong Kong SAR (19.4 tons)
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in China
Imports of pig fat; lard, other than that of heading 0209 and 1503s into China declined sharply to 92 kg in 2022, falling by 99.9% compared with the year before. In general, imports faced a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 1,217%. As a result, imports attained the peak of 356 tons, and then dropped significantly in the following year.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s contracted remarkably to $150 in 2022. Overall, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1,392%.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | N/A | 0.1 | 0% |
| Spain | N/A | N/A | 53.2 | N/A | 0% |
| Netherlands | 542 | 35.7 | 480 | N/A | -5.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 542 | 35.7 | 533 | 0.1 | -94.3% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to China in 2022:
- Denmark (92.0 kg)
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