Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Mexico - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Mexico (CIF) - 2024
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Mexico
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Mexico (CIF) - 2024
In January 2024, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,642 per ton, stabilizing at the previous month. Over the period under review, the import price showed a perceptible decline. As a result, import price reached the peak level of $2,246 per ton. From May 2023 to January 2024, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From April 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -3.4% per month.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Mexico
Imports of pig fat; lard, other than that of heading 0209 and 1503s into Mexico shrank rapidly to 28K tons in 2022, declining by -65.9% compared with the year before. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 357% against the previous year. As a result, imports attained the peak of 83K tons, and then declined rapidly in the following year.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s shrank notably to $44M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 531% against the previous year. As a result, imports attained the peak of $108M, and then shrank significantly in the following year.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.7 | 16.7 | 106 | 43.0 | 29.7% |
| Canada | 0.5 | 0.4 | 1.5 | 1.4 | 40.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 20.2 | 17.1 | 108 | 44.4 | 30.0% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Mexico in 2022:
- United States (26.7K tons)
- Canada (1.5K tons)
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