Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Finland - 2023
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Finland (CIF) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Finland (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Finland
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Finland
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Finland (CIF) - 2022
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $2,188 per ton in 2022, surging by 27% against the previous year. Over the period under review, the import price saw a remarkable increase. As a result, import price attained 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 Hungary ($6,185 per ton), while the price for the Netherlands ($2,146 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+269.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Finland (FOB) - 2022
In 2022, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $37,835 per ton, surging by 111% against the previous year. Overall, the export price recorded significant growth. The pace of growth was the most pronounced in 2013 an increase of 2,232%. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($40,000 per ton), while the average price for exports to Canada stood at $36,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+50.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Finland
In 2022, approx. 14 tons of pig fat; lard, other than that of heading 0209 and 1503s were imported into Finland; surging by 14% compared with the year before. The total import volume increased at an average annual rate of +13.6% over the period from 2021 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s soared to $30K in 2022. Over the period under review, total imports indicated a significant increase from 2021 to 2022: its value increased at an average annual rate of +48.3% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Finland (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 |
| Netherlands | N/A | 29.3 | 0% |
| Hungary | 12.5 | 0.7 | -94.4% |
| Romania | 6.3 | 0.2 | -96.8% |
| Austria | 0.6 | N/A | 0% |
| Others | 0.9 | N/A | 0% |
| Total | 20.4 | 30.3 | 48.5% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Finland in 2022:
- Netherlands (13.7 tons)
- Hungary (0.1 tons)
- Romania (0.1 tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Finland
In 2022, overseas shipments of pig fat; lard, other than that of heading 0209 and 1503s decreased by -99.9% to 2 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports faced a sharp decline. The pace of growth appeared the most rapid in 2020 when exports increased by 94%.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s contracted significantly to $76 in 2022. Over the period under review, exports recorded a dramatic slump. The pace of growth appeared the most rapid in 2020 when exports increased by 100% against the previous year.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 0.1 | N/A | 0% |
| Germany | 0.4 | 0.7 | 1.1 | N/A | 65.8% |
| Sweden | 8.7 | 17.4 | 25.7 | N/A | 71.9% |
| Canada | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.5 | 0.7 | N/A | 87.1% |
| Total | 9.3 | 18.6 | 27.6 | 0.1 | -77.9% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Finland in 2022:
- Canada (1.0 kg)
- Russia (1.0 kg)
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