Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Italy - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Italy (FOB) - 2024
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Italy (CIF) - 2024
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Italy
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Italy
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Italy (FOB) - 2024
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $2,009 per ton in March 2024, rising by 1.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The growth pace was the most rapid in February 2024 an increase of 51% against the previous month. Over the period under review, the average export prices attained the maximum in March 2024.
As there is only one major export destination, the average price level is determined by prices for the UK.
From March 2023 to March 2024, the rate of growth in terms of prices for Spain amounted to +13.3% per month.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Italy (CIF) - 2024
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,029 per ton in March 2024, shrinking by -6.5% against the previous month. In general, the import price saw a slight reduction. The pace of growth was the most pronounced in June 2023 when the average import price increased by 13% m-o-m. The import price peaked at $1,234 per ton in April 2023; however, from May 2023 to March 2024, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From March 2023 to March 2024, the rate of growth in terms of prices for Hungary amounted to +7.5% per month.
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Italy
In 2022, overseas shipments of pig fat; lard, other than that of heading 0209 and 1503s decreased by -8.5% to 27K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, the exports reached the peak of 30K tons, and then declined in the following year.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s totaled $44M in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 118%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 6.7 | 12.2 | 15.3 | 51.1% |
| Spain | 1.2 | 2.4 | 13.2 | 11.0 | 109.3% |
| United Kingdom | 6.0 | 5.0 | 6.0 | 6.0 | 0.0% |
| France | 2.1 | 2.4 | 4.1 | 5.6 | 38.7% |
| Germany | N/A | N/A | 1.8 | 4.5 | 150.0% |
| Austria | 0.6 | 0.6 | 0.4 | 0.5 | -5.9% |
| Others | 1.2 | 0.4 | 0.5 | 0.7 | -16.4% |
| Total | 11.2 | 17.5 | 38.2 | 43.7 | 57.4% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Italy in 2022:
- Netherlands (10.0K tons)
- Spain (7.1K tons)
- France (3.1K tons)
- United Kingdom (3.1K tons)
- Germany (3.1K tons)
- Austria (0.3K tons)
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Italy
After three years of growth, supplies from abroad of pig fat; lard, other than that of heading 0209 and 1503s decreased by -2.6% to 7.7K tons in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 79%. As a result, imports attained the peak of 7.9K tons, and then declined modestly in the following year.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s soared to $10M in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 76%. Over the period under review, imports of reached the peak figure 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1.1 | 2.6 | 4.9 | 7.9 | 92.9% |
| Germany | 0.1 | 0.2 | 0.8 | 0.6 | 81.7% |
| Austria | N/A | N/A | N/A | 0.5 | 0% |
| Slovenia | 0.6 | 0.3 | 0.5 | 0.4 | -12.6% |
| Spain | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| France | 0.9 | 0.4 | 0.2 | 0.1 | -51.9% |
| Others | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
| Total | 3.0 | 3.8 | 6.7 | 10.1 | 49.9% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Italy in 2022:
- Switzerland (6.1K tons)
- Austria (0.4K tons)
- Germany (0.4K tons)
- Slovenia (0.3K tons)
- Spain (0.2K tons)
- France (0.1K tons)
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