Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Denmark - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Denmark (FOB) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Denmark (CIF) - 2022
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Denmark
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Denmark
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Denmark (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,285 per ton in 2022, with an increase of 31% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pig fat; lard, other than that of heading 0209 and 1503s increased by +119.2% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +5.0% per year.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Denmark (CIF) - 2022
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $2,863 per ton in 2022, picking up by 123% against the previous year. Overall, the import price saw a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($13,937 per ton), while the price for the Netherlands ($1,720 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.8%), 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 Denmark
For the third consecutive year, Denmark recorded decline in overseas shipments of pig fat; lard, other than that of heading 0209 and 1503s, which decreased by -82% to 256 tons in 2022. Over the period under review, exports faced a significant curtailment. The smallest decline of -44% was in 2020.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s fell remarkably to $329K in 2022. In general, exports faced a dramatic curtailment. The smallest decline of -28.3% was in 2021.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2,370 | 1,576 | 1,179 | 317 | -48.9% |
| Germany | 312 | N/A | N/A | N/A | 0% |
| France | N/A | 299 | 203 | N/A | -32.1% |
| Iceland | 102 | N/A | N/A | N/A | 0% |
| Others | 4.2 | 66.2 | 9.7 | 11.6 | 40.3% |
| Total | 2,788 | 1,941 | 1,392 | 329 | -51.0% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Denmark in 2022:
- Netherlands (252.2 tons)
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Denmark
In 2022, overseas purchases of pig fat; lard, other than that of heading 0209 and 1503s were finally on the rise to reach 36 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a sharp slump.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s surged to $102K in 2022. Overall, imports, however, showed a precipitous setback.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 393 | 282 | 25.4 | 43.0 | -52.2% |
| Italy | N/A | N/A | 0.9 | 35.6 | 3855.6% |
| Germany | 2,665 | 3,930 | 10.5 | 11.6 | -83.7% |
| Poland | N/A | N/A | 8.1 | 11.2 | 38.3% |
| Sweden | 3,234 | 2,514 | 0.2 | N/A | -99.2% |
| Others | 8.3 | 0.1 | N/A | 0.7 | -56.1% |
| Total | 6,300 | 6,727 | 45.1 | 102 | -74.7% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Denmark in 2022:
- Netherlands (25.0 tons)
- Poland (4.4 tons)
- Germany (3.7 tons)
- Italy (2.6 tons)
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