Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Luxembourg - 2023
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Luxembourg (CIF) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Luxembourg (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Luxembourg
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Luxembourg
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Luxembourg (CIF) - 2022
In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $2,532 per ton, picking up by 17% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The growth pace was the most rapid in 2013 when the average import price increased by 2,364% against the previous year. As a result, import price reached the peak level of $87,511 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($9,146 per ton), while the price for Portugal ($1,801 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.7%), 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 Luxembourg (FOB) - 2022
In 2022, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $6,162 per ton, surging by 26% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 54%. Over the period under review, the average export prices hit record highs 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 Belgium ($9,059 per ton), while the average price for exports to France totaled $3,147 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+11.0%), while the prices for the other major destinations experienced a decline.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Luxembourg
In 2022, approx. 8.7 tons of pig fat; lard, other than that of heading 0209 and 1503s were imported into Luxembourg; with a decrease of -21.1% compared with the previous year's figure. Over the period under review, imports recorded a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s contracted to $22K in 2022. In general, imports saw a significant decline. The growth pace was the most rapid in 2021 when imports increased by 11%.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 8.2 | 8.8 | 11.7 | 11.8 | 12.9% |
| Germany | 2.1 | 2.7 | 2.6 | 3.9 | 22.9% |
| Belgium | 63.5 | 5.9 | 4.1 | 3.5 | -61.9% |
| Italy | N/A | 3.8 | 5.0 | 2.2 | -23.9% |
| Others | 2.1 | 0.4 | 0.4 | 0.5 | -38.0% |
| Total | 76.0 | 21.5 | 23.8 | 21.9 | -33.9% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Luxembourg in 2022:
- Portugal (6.6 tons)
- Italy (0.9 tons)
- Belgium (0.7 tons)
- Germany (0.4 tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Luxembourg
After three years of growth, shipments abroad of pig fat; lard, other than that of heading 0209 and 1503s decreased by -55.3% to 402 kg in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 102% against the previous year.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s dropped markedly to $2.5K in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 210%.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.6 | 3.4 | 3.3 | 1.9 | 46.8% |
| France | 0.5 | 0.4 | 0.8 | 0.6 | 6.3% |
| Germany | 0.2 | 0.2 | 0.3 | N/A | 22.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.3 | 4.1 | 4.4 | 2.5 | 24.4% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Luxembourg in 2022:
- Belgium (205.0 kg)
- France (197.0 kg)
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