Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Portugal - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Portugal (CIF) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Portugal (FOB) - 2024
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Portugal
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Portugal
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Portugal (CIF) - 2022
In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,565 per ton, picking up by 11% against the previous year. In general, the import price posted a tangible increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +3.3% per year.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Portugal (FOB) - 2024
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,142 per ton in March 2024, which is down by -15.3% against the previous month. In general, the export price saw a noticeable curtailment. The pace of growth was the most pronounced in February 2024 an increase of 46% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,526 per ton in March 2023; however, from April 2023 to March 2024, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From March 2023 to March 2024, the rate of growth in terms of prices for Spain amounted to +11.9% per month.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Portugal
In 2022, approx. 254 tons of pig fat; lard, other than that of heading 0209 and 1503s were imported into Portugal; with a decrease of -3.1% on the previous year. In general, imports saw a sharp setback.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s reached $398K in 2022. Over the period under review, imports recorded a perceptible decrease.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 404 | 283 | 357 | 398 | -0.5% |
| Italy | N/A | 49.3 | N/A | N/A | 0% |
| Netherlands | 26.8 | 26.8 | N/A | N/A | 0.0% |
| Others | 4.1 | 4.7 | 12.5 | N/A | 74.6% |
| Total | 435 | 364 | 369 | 398 | -2.9% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Portugal in 2022:
- Spain (254.1 tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Portugal
In 2022, exports of pig fat; lard, other than that of heading 0209 and 1503s from Portugal dropped markedly to 200 tons, waning by -61.5% against 2021 figures. Overall, exports showed a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 78% against the previous year. As a result, the exports reached the peak of 519 tons, and then reduced rapidly in the following year.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s declined significantly to $169K in 2022. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 115%. As a result, the exports reached the peak of $373K, and then fell significantly in the following year.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 91.5 | 99.0 | 266 | 89.5 | -0.7% |
| France | 25.9 | 18.4 | 28.2 | 23.7 | -2.9% |
| Angola | 12.2 | 11.5 | 11.3 | 16.8 | 11.3% |
| Georgia | 26.8 | N/A | N/A | N/A | 0% |
| Others | 48.8 | 44.6 | 67.7 | 39.4 | -6.9% |
| Total | 205 | 174 | 373 | 169 | -6.2% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Portugal in 2022:
- Spain (172.7 tons)
- France (9.2 tons)
- Angola (5.0 tons)
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