Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in New Zealand - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in New Zealand (CIF) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in New Zealand
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in New Zealand (CIF) - 2022
In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $3,030 per ton, rising by 44% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.0% 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 +67.2% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($3,048 per ton), while the price for the United States totaled $2,968 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.9%).
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in New Zealand
Imports of pig fat; lard, other than that of heading 0209 and 1503s into New Zealand fell to 774 tons in 2022, which is down by -13% against the year before. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 21%.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s surged to $2.3M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 +66.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 32%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,025 | 736 | 962 | 1,470 | 12.8% |
| United States | 780 | 671 | 898 | 851 | 2.9% |
| Others | 33.0 | 4.8 | 9.9 | 25.1 | -8.7% |
| Total | 1,838 | 1,412 | 1,870 | 2,346 | 8.5% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to New Zealand in 2022:
- Canada (482.3 tons)
- United States (286.7 tons)
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