Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Poland - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Poland (FOB) - 2024
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Poland (CIF) - 2023
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Poland
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Poland
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Poland (FOB) - 2024
In March 2024, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $2,126 per ton, declining by -13.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 32% against the previous month. Over the period under review, the average export prices reached the peak figure at $3,127 per ton in April 2023; however, from May 2023 to March 2024, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From March 2023 to March 2024, the rate of growth in terms of prices for the Czech Republic amounted to +2.4% per month.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Poland (CIF) - 2023
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $2,607 per ton in December 2023, rising by 25% against the previous month. Over the period under review, the import price saw a mild increase. The growth pace was the most rapid in April 2023 an increase of 259% against the previous month. Over the period under review, average import prices reached the peak figure at $8,796 per ton in June 2023; however, from July 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($8,512 per ton), while the price for Belgium ($1,577 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Poland
In 2022, the amount of pig fat; lard, other than that of heading 0209 and 1503s exported from Poland shrank significantly to 7.2K tons, falling by -27% compared with the previous year. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports attained the peak of 9.9K tons, and then contracted rapidly in the following year.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s rose markedly to $14M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 53%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.3 | 2.7 | 7.3 | 4.8 | 54.6% |
| France | 2.1 | 0.9 | 1.5 | 2.6 | 7.4% |
| United Kingdom | 4.0 | 2.1 | 2.0 | 2.5 | -14.5% |
| Hungary | 1.8 | 1.5 | 0.5 | 1.1 | -15.1% |
| Germany | 0.4 | 0.5 | 0.7 | 1.1 | 40.1% |
| Czech Republic | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
| Slovakia | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| Switzerland | 0.7 | 0.1 | N/A | N/A | -85.7% |
| Others | 0.6 | 0.6 | 1.1 | 1.2 | 26.0% |
| Total | 11.5 | 8.9 | 13.6 | 14.5 | 8.0% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Poland in 2022:
- Netherlands (3078.0 tons)
- United Kingdom (1111.4 tons)
- France (631.7 tons)
- Germany (605.6 tons)
- Hungary (555.1 tons)
- Czech Republic (403.0 tons)
- Slovakia (235.3 tons)
- Switzerland (1.8 tons)
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Poland
In 2022, overseas purchases of pig fat; lard, other than that of heading 0209 and 1503s decreased by -51.4% to 366 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 5.9% against the previous year. As a result, imports attained the peak of 1.2K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s dropped sharply to $852K in 2022. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of $1.2M, and then contracted sharply in the following year.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Poland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 207 | 217 | 854 | 475 | 31.9% |
| France | N/A | 7.5 | 111 | 138 | 329.0% |
| Finland | 7.4 | 33.6 | N/A | 131 | 160.6% |
| Germany | 224 | 222 | 144 | 70.6 | -31.9% |
| Belgium | 85.7 | 95.0 | N/A | 34.8 | -25.9% |
| Hungary | 127 | 106 | 120 | N/A | -2.8% |
| Sweden | 97.1 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | 138 | N/A | N/A | 0% |
| Others | 26.7 | 103 | 1.9 | 2.8 | -52.8% |
| Total | 775 | 921 | 1,230 | 852 | 3.2% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Poland in 2022:
- Italy (201.3 tons)
- Finland (67.4 tons)
- Germany (44.8 tons)
- France (26.6 tons)
- Belgium (22.5 tons)
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