Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in France - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in France (CIF) - 2023
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in France (FOB) - 2024
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in France
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in France
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in France (CIF) - 2023
In December 2023, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,377 per ton, reducing by -2.7% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 10% against the previous month. The import price peaked at $1,676 per ton in March 2023; however, from April 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Belgium ($1,570 per ton) and Italy ($1,405 per ton), while the price for Sweden ($1,302 per ton) and the Netherlands ($1,351 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%), while the prices for the other major suppliers experienced a decline.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in France (FOB) - 2024
In March 2024, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,521 per ton, waning by -13% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2024 when the average export price increased by 31% m-o-m. As a result, the export price attained the peak level of $1,749 per ton, and then shrank in the following month.
Average prices varied somewhat for the major foreign markets. In March 2024, the country with the highest price was the UK ($1,956 per ton), while the average price for exports to Japan ($1,465 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.0%), while the prices for the other major destinations experienced a decline.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in France
In 2022, imports of pig fat; lard, other than that of heading 0209 and 1503s into France soared to 13K tons, rising by 24% compared with the previous year's figure. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 141% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s skyrocketed to $20M in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 227% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.1 | 1.7 | 5.4 | 7.7 | 325.4% |
| Netherlands | 2.5 | 1.6 | 2.6 | 4.0 | 17.0% |
| Italy | 0.2 | 0.2 | 3.0 | 3.9 | 169.2% |
| Belgium | 0.3 | 0.3 | 0.5 | 2.8 | 110.5% |
| Sweden | N/A | 0.3 | 2.0 | 1.7 | 138.0% |
| Others | 0.5 | 0.1 | 0.1 | 0.1 | -41.5% |
| Total | 3.6 | 4.2 | 13.6 | 20.2 | 77.7% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to France in 2022:
- Germany (4.9K tons)
- Netherlands (2.5K tons)
- Italy (2.4K tons)
- Belgium (2.3K tons)
- Sweden (1.1K tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in France
In 2022, overseas shipments of pig fat; lard, other than that of heading 0209 and 1503s decreased by -45.3% to 11K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. As a result, the exports attained the peak of 21K tons, and then fell dramatically in the following year.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s fell rapidly to $20M in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 90%. As a result, the exports attained the peak of $26M, and then dropped remarkably in the following year.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.7 | 5.5 | 10.8 | 6.4 | 20.0% |
| Spain | 3.3 | 5.6 | 9.4 | 4.8 | 13.3% |
| Switzerland | 0.9 | 1.3 | 2.9 | 4.6 | 72.3% |
| Belgium | 0.7 | 0.6 | 1.0 | 2.8 | 58.7% |
| United Kingdom | 0.1 | 0.5 | 0.7 | 0.7 | 91.3% |
| Japan | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.4 | 0.3 | 1.3 | 0.4 | 0.0% |
| Total | 9.1 | 13.7 | 26.1 | 20.1 | 30.2% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from France in 2022:
- Netherlands (4.0K tons)
- Spain (3.2K tons)
- Switzerland (2.4K tons)
- Belgium (1.2K tons)
- United Kingdom (0.3K tons)
- Japan (0.2K tons)
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