Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Latvia - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Latvia (CIF) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Latvia (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Latvia
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Latvia
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Latvia (CIF) - 2022
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,796 per ton in 2022, with an increase of 50% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 68%. The import price peaked at $2,524 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($2,521 per ton), while the price for Estonia ($840 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Latvia (FOB) - 2022
In 2022, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $731 per ton, which is down by -46.7% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices reached the maximum at $5,117 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Lithuania.
From 2013 to 2022, the rate of growth in terms of prices for Poland amounted to -4.2% per year.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Latvia
In 2022, imports of pig fat; lard, other than that of heading 0209 and 1503s into Latvia surged to 42 tons, rising by 23% against the year before. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s surged to $75K in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 5.9 | 11.8 | 11.4 | 53.5 | 108.5% |
| Lithuania | 23.3 | 26.9 | 8.4 | 12.7 | -18.3% |
| Estonia | 3.2 | 3.5 | 21.1 | 9.3 | 42.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 32.5 | 42.3 | 40.8 | 75.5 | 32.4% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Latvia in 2022:
- Poland (25.9 tons)
- Estonia (11.0 tons)
- Lithuania (5.0 tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Latvia
In 2022, approx. 47 tons of pig fat; lard, other than that of heading 0209 and 1503s were exported from Latvia; increasing by 122% on 2021 figures. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 12,520%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s surged to $69K in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 7,069%. Over the period under review, the exports of attained the peak figure 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 Latvia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Lithuania | 0.4 | 29.2 | 68.1 | 1204.8% |
| Others | N/A | 0.1 | 0.5 | 400.0% |
| Total | 0.4 | 29.4 | 68.6 | 1209.6% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Latvia in 2022:
- Lithuania (46.8 tons)
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