Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Germany - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Germany (FOB) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Germany (CIF) - 2023
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Germany
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Germany
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Germany (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,426 per ton in 2022, jumping by 29% against the previous year. In general, the export price enjoyed a noticeable expansion. The growth pace was the most rapid in 2021 an increase of 46%. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Hungary ($1,734 per ton) and Belgium ($1,510 per ton), while the average price for exports to Denmark ($1,290 per ton) and Italy ($1,322 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Germany (CIF) - 2023
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,612 per ton in December 2023, picking up by 54% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Czech Republic ($3,673 per ton), while the price for Denmark ($637 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.9%), 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 Germany
In 2022, overseas shipments of pig fat; lard, other than that of heading 0209 and 1503s decreased by -14.2% to 34K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 6.7%. As a result, the exports reached the peak of 43K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s expanded rapidly to $49M in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 13.3 | 21.0 | 32.1 | 31.2 | 32.9% |
| Italy | 5.3 | 4.4 | 5.3 | 6.2 | 5.4% |
| France | 2.5 | 2.8 | 3.5 | 6.0 | 33.9% |
| Belgium | 0.2 | 0.5 | 1.4 | 2.3 | 125.7% |
| Hungary | N/A | N/A | 0.7 | 1.0 | 42.9% |
| Denmark | 2.1 | 3.0 | N/A | 0.8 | -27.5% |
| Others | 0.9 | 0.9 | 1.2 | 1.4 | 15.9% |
| Total | 24.4 | 32.6 | 44.3 | 48.9 | 26.1% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Germany in 2022:
- Netherlands (22.1K tons)
- Italy (4.7K tons)
- France (4.0K tons)
- Belgium (1.5K tons)
- Denmark (0.6K tons)
- Hungary (0.6K tons)
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Germany
In 2022, after three years of growth, there was significant decline in purchases abroad of pig fat; lard, other than that of heading 0209 and 1503s, when their volume decreased by -6.8% to 7.3K tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 5.1%.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s rose to $10M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 3.3 | 3.7 | 5.6 | 5.2 | 16.4% |
| Czech Republic | N/A | N/A | 1.9 | 2.5 | 31.6% |
| Denmark | 0.1 | 0.1 | 0.2 | 1.3 | 135.1% |
| Netherlands | 0.8 | 1.9 | 2.3 | 0.9 | 4.0% |
| Poland | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 4.5 | 6.0 | 10.1 | 10.3 | 31.8% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Germany in 2022:
- Austria (3.9K tons)
- Denmark (1.7K tons)
- Czech Republic (0.9K tons)
- Netherlands (0.8K tons)
- Poland (0.1K tons)
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