Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Guatemala - 2024

Contents:

  1. Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Guatemala (CIF) - 2022
  2. Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Guatemala

Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Guatemala (CIF) - 2022

In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $5,530 per ton, with a decrease of -21.6% against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 114%. As a result, import price attained the peak level of $8,577 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2019 to 2022, the rate of growth in terms of prices for the United States amounted to -21.8% per year.

Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Guatemala

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 -96.3% to 301 kg. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 29,844% against the previous year. As a result, imports attained the peak of 8.1 tons, and then reduced remarkably in the following year.

In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s declined significantly to $1.7K in 2022. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 25,357% against the previous year. As a result, imports attained the peak of $57K, and then dropped significantly in the following year.

Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States0.10.256.31.6152.0%
OthersN/AN/A0.7N/A0%
Total0.10.257.01.7157.1%

Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Guatemala in 2022:

  1. United States (299.0 kg)

Source: IndexBox Market Intelligence Platform

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