Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Lithuania - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Lithuania (CIF) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Lithuania (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Lithuania
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Lithuania
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Lithuania (CIF) - 2022
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,771 per ton in 2022, surging by 20% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. 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 +78.9% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 38% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($1,847 per ton), while the price for Latvia ($1,739 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.2%), 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 Lithuania (FOB) - 2022
In 2022, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $2,302 per ton, increasing by 51% against the previous year. Over the period under review, the export price posted strong growth. The pace of growth was the most pronounced in 2021 an increase of 149%. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($4,345 per ton), while the average price for exports to Poland ($1,556 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 Estonia (+11.3%), 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 Lithuania
In 2022, after two years of decline, there was significant growth in purchases abroad of pig fat; lard, other than that of heading 0209 and 1503s, when their volume increased by 11% to 700 tons. Over the period under review, imports, however, showed a pronounced slump.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s surged to $1.2M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.0% against 2019 indices. As a result, imports reached 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 Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 442 | 554 | 583 | 866 | 25.1% |
| Poland | 153 | 188 | 188 | 273 | 21.3% |
| Belgium | 165 | 57.7 | 158 | 92.1 | -17.7% |
| Others | N/A | 4.2 | 3.7 | 7.9 | 37.1% |
| Total | 760 | 804 | 933 | 1,239 | 17.7% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Lithuania in 2022:
- Latvia (498.2 tons)
- Poland (150.8 tons)
- Belgium (49.9 tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Lithuania
In 2022, shipments abroad of pig fat; lard, other than that of heading 0209 and 1503s decreased by -77% to 11 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 1,283%. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s dropped dramatically to $25K in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 1,698%. As a result, the exports reached the peak of $805K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 12.2 | 7.0 | 12.6 | 15.5 | 8.3% |
| Czech Republic | N/A | N/A | 4.0 | 3.2 | -20.0% |
| Germany | N/A | N/A | 9.1 | 2.8 | -69.2% |
| Poland | 28.6 | 784 | 29.5 | 1.8 | -60.2% |
| Estonia | N/A | N/A | 0.1 | 1.2 | 1100.0% |
| Others | 3.9 | 13.5 | 18.1 | 0.5 | -49.6% |
| Total | 44.7 | 805 | 73.3 | 25.0 | -17.6% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Lithuania in 2022:
- Latvia (6.6 tons)
- Czech Republic (1.6 tons)
- Germany (1.3 tons)
- Poland (1.2 tons)
- Estonia (0.3 tons)
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