Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Indonesia - 2022
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Indonesia (CIF) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Indonesia
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Indonesia (CIF) - 2022
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $2,217 per ton in 2022, jumping by 26% against the previous year. Overall, import price indicated a noticeable increase from 2014 to 2022: its price increased at an average annual rate of +4.3% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pig fat; lard, other than that of heading 0209 and 1503s increased by +81.0% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From 2014 to 2022, the rate of growth in terms of prices for Singapore amounted to +12.9% per year.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Indonesia
In 2022, imports of pig fat; lard, other than that of heading 0209 and 1503s into Indonesia fell sharply to 23 kg, waning by -91.1% against the year before. In general, imports showed a sharp descent. The smallest decline of -45.5% was in 2020.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s fell significantly to $51 in 2022. Over the period under review, imports continue to indicate a sharp decline. The smallest decline of -40.8% was in 2020.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Indonesia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 57.0 | 817 | 454 | 51.0 | -3.6% |
| United Kingdom | 1,390 | N/A | N/A | N/A | 0% |
| Others | 2.0 | 41.0 | N/A | N/A | 1950.0% |
| Total | 1,449 | 858 | 454 | 51.0 | -67.2% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Indonesia in 2022:
- Singapore (23.0 kg)
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