Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Norway - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Norway (CIF) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Norway (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Norway
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Norway
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Norway (CIF) - 2022
In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $5,490 per ton, declining by -17.1% against the previous year. In general, the import price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 23%. As a result, import price reached the peak level of $6,971 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($16,377 per ton), while the price for Sweden ($2,207 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+21.7%), 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 Norway (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $2,690 per ton in 2022, reducing by -74% against the previous year. Overall, the export price faced a dramatic downturn. Over the period under review, the average export prices attained the maximum at $10,348 per ton in 2021, and then fell remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2021 to 2022, the rate of growth in terms of prices for the United States amounted to 0.0% per year.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Norway
In 2022, after three years of growth, there was significant decline in supplies from abroad of pig fat; lard, other than that of heading 0209 and 1503s, when their volume decreased by -72% to 8.5 tons. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 307%.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s fell notably to $46K in 2022. Overall, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 with an increase of 401% against the previous year.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 20.9 | 146 | 131 | 24.8 | 5.9% |
| United States | 0.9 | 2.2 | 5.2 | 14.2 | 150.8% |
| Lithuania | 3.0 | 14.1 | 9.5 | 3.3 | 3.2% |
| Sweden | 0.5 | 2.0 | 3.8 | 2.1 | 61.3% |
| Germany | 11.5 | 32.0 | 52.4 | 1.2 | -52.9% |
| Denmark | 1.4 | 0.9 | 0.4 | 0.1 | -58.5% |
| Others | 1.2 | 0.8 | 0.2 | 0.2 | -45.0% |
| Total | 39.5 | 198 | 202 | 45.8 | 5.1% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Norway in 2022:
- United States (4.8 tons)
- Poland (2.4 tons)
- Sweden (1.0 tons)
- Lithuania (0.2 tons)
- Germany (0.2 tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Norway
In 2022, approx. 2.3 tons of pig fat; lard, other than that of heading 0209 and 1503s were exported from Norway; which is down by -64.1% on the year before. In general, exports faced a dramatic shrinkage.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s contracted rapidly to $6.1K in 2022. Overall, exports showed a precipitous descent.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Norway (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 |
| United States | N/A | 6.1 | 0% |
| Singapore | 65.7 | N/A | 0% |
| Others | N/A | N/A | 0% |
| Total | 65.7 | 6.1 | -90.7% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Norway in 2022:
- United States (2.3 tons)
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