Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Hungary - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Hungary (CIF) - 2023
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Hungary (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Hungary
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Hungary
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Hungary (CIF) - 2023
In December 2023, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,432 per ton, shrinking by -5.5% against the previous month. Over the period under review, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 4.4% m-o-m. The import price peaked at $1,763 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Austria ($2,565 per ton), while the price for Slovakia ($1,254 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 Austria (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Hungary (FOB) - 2022
In 2022, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $968 per ton, surging by 29% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 39%. The export price peaked at $1,084 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($3,965 per ton), while the average price for exports to Italy ($524 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+7.8%), 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 Hungary
Imports of pig fat; lard, other than that of heading 0209 and 1503s into Hungary was estimated at 5.3K tons in 2022, surging by 15% against 2021. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 276%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s skyrocketed to $8.3M in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 274% against the previous year. Over the period under review, imports of hit record highs 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 Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 35.2 | 1.9 | 2,016 | 3,997 | 384.2% |
| Germany | 12.0 | 11.9 | 502 | 1,449 | 394.3% |
| Poland | 616 | 452 | 1,276 | 1,337 | 29.5% |
| Austria | 592 | 882 | 875 | 759 | 8.6% |
| Sweden | N/A | N/A | 306 | 467 | 52.6% |
| Romania | N/A | 0.1 | 195 | 149 | 3760.1% |
| Italy | 59.9 | 74.5 | 84.2 | 79.0 | 9.7% |
| Others | N/A | N/A | 66.3 | 41.9 | -36.8% |
| Total | 1,315 | 1,423 | 5,321 | 8,278 | 84.6% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Hungary in 2022:
- Slovakia (2593.9 tons)
- Germany (876.6 tons)
- Poland (787.6 tons)
- Austria (535.0 tons)
- Sweden (340.8 tons)
- Romania (126.5 tons)
- Italy (38.7 tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Hungary
In 2022, exports of pig fat; lard, other than that of heading 0209 and 1503s from Hungary expanded notably to 3.1K tons, picking up by 13% compared with 2021. The total export volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s surged to $3M in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 693 | 599 | 916 | 1,413 | 26.8% |
| Italy | 402 | 434 | 556 | 715 | 21.2% |
| Poland | 0.1 | 66.9 | 206 | 262 | 1278.6% |
| Romania | 39.9 | 60.4 | 46.1 | 195 | 69.7% |
| Netherlands | 0.3 | 0.5 | 0.9 | 177 | 738.7% |
| Slovenia | 143 | 64.8 | 112 | 82.5 | -16.8% |
| Belgium | N/A | N/A | N/A | 64.6 | 0% |
| Others | 27.9 | 45.7 | 290 | 115 | 60.3% |
| Total | 1,306 | 1,271 | 2,127 | 3,024 | 32.3% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Hungary in 2022:
- Italy (1364.6 tons)
- Slovakia (1224.1 tons)
- Poland (167.0 tons)
- Netherlands (116.1 tons)
- Slovenia (100.6 tons)
- Belgium (53.7 tons)
- Romania (49.3 tons)
206
This report provides an in-depth analysis of the rendered pig fat market in Hungary.
468
This report provides an in-depth analysis of the lard market in Hungary.
746
This report provides an in-depth analysis of the global rendered pig fat market.
2855
This report provides an in-depth analysis of the global lard market.
916
Global Poultry Fat Market Report 2018. This report provides an in-depth analysis of the global poultry fat market.
206
This report provides an in-depth analysis of the rendered pig fat market in Hungary.
468
This report provides an in-depth analysis of the lard market in Hungary.
746
This report provides an in-depth analysis of the global rendered pig fat market.
2855
This report provides an in-depth analysis of the global lard market.
746
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4143
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
4000
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2321
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
746
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4143
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
4000
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2321
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
