Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Ethiopia - 2022
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Ethiopia (CIF) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Ethiopia
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Ethiopia (CIF) - 2022
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $25,758 per ton in 2022, increasing by 44% against the previous year. Over the period under review, the import price recorded a significant expansion. The pace of growth was the most pronounced in 2020 an increase of 459% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +36.3% per year.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Ethiopia
After three years of growth, purchases abroad of pig fat; lard, other than that of heading 0209 and 1503s decreased by -60.1% to 95 kg in 2022. In general, imports showed a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports attained the peak of 238 kg, and then declined rapidly in the following year.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s reached $2.4K in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 722% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.2 | 1.4 | 1.9 | 2.4 | 128.9% |
| United Arab Emirates | N/A | N/A | 0.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.2 | 1.4 | 2.4 | 2.4 | 128.9% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Ethiopia in 2022:
- Italy (95.0 kg)
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