Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Japan - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Japan (CIF) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Japan (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Japan
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Japan
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Japan (CIF) - 2022
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $3,006 per ton in 2022, increasing by 68% against the previous year. Overall, the import price showed noticeable growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($4,007 per ton), while the price for the Netherlands totaled $2,985 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), 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 Japan (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $2,223 per ton in 2022, picking up by 105% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($2,518 per ton) and Vietnam ($2,303 per ton), while the average price for exports to the Philippines ($2,058 per ton) and Hong Kong SAR ($2,063 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 Taiwan (Chinese) (+15.8%), 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 Japan
In 2022, overseas purchases of pig fat; lard, other than that of heading 0209 and 1503s decreased by -58.3% to 478 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of 7.8%. As a result, imports reached the peak of 1.6K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s declined sharply to $1.4M in 2022. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 5.1% against the previous year. As a result, imports reached the peak of $2.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,521 | 1,364 | 1,462 | 1,398 | -2.8% |
| United States | 84.2 | 102 | 8.1 | 39.4 | -22.4% |
| South Korea | 671 | 926 | 582 | N/A | -6.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,276 | 2,392 | 2,052 | 1,438 | -14.2% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Japan in 2022:
- Netherlands (468.5 tons)
- United States (9.8 tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Japan
Exports of pig fat; lard, other than that of heading 0209 and 1503s from Japan dropped significantly to 99 tons in 2022, shrinking by -86.7% against the year before. In general, exports, however, showed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 1,961% against the previous year. As a result, the exports attained the peak of 743 tons, and then reduced notably in the following year.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s contracted notably to $220K in 2022. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,153% against the previous year. As a result, the exports attained the peak of $805K, and then reduced markedly in the following year.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 28.7 | 20.8 | 67.4 | 105 | 54.1% |
| Philippines | 71.9 | 17.3 | 35.2 | 65.0 | -3.3% |
| Singapore | 14.3 | 13.1 | 17.3 | 27.6 | 24.5% |
| Hong Kong SAR | 14.2 | 13.0 | 42.2 | 22.2 | 16.1% |
| South Korea | N/A | N/A | 643 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 129 | 64.3 | 805 | 220 | 19.5% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Japan in 2022:
- Vietnam (45.7 tons)
- Philippines (31.6 tons)
- Singapore (10.9 tons)
- Hong Kong SAR (10.7 tons)
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