Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Russia - 2022
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Russia (FOB) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Russia (CIF) - 2022
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Russia
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Russia
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Russia (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $16,185 per ton in 2022, flattening at the previous year. Over the period under review, the export price showed significant growth. The most prominent rate of growth was recorded in 2015 an increase of 299%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Kazakhstan.
From 2014 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +22.7% per year.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Russia (CIF) - 2022
In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $27,455 per ton, picking up by 2,145% against the previous year. In general, the import price continues to indicate a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($38,000 per ton), while the price for Turkey totaled $8,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+286.4%), 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 Russia
In 2022, approx. 490 kg of pig fat; lard, other than that of heading 0209 and 1503s were exported from Russia; approximately equating 2021. In general, exports saw a precipitous descent. The smallest decline of 99.9% was in 2021.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s totaled $7.9K in 2022. Overall, exports showed a significant increase. The smallest decline of 99.9% was in 2021. 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 Russia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Kazakhstan | 4.3 | N/A | 7.9 | 35.5% |
| Others | N/A | N/A | N/A | 0% |
| Total | 4.3 | N/A | 7.9 | 35.5% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Russia in 2022:
- Kazakhstan (490.0 kg)
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Russia
For the third consecutive year, Russia recorded decline in supplies from abroad of pig fat; lard, other than that of heading 0209 and 1503s, which decreased by 99.9% to 3 kg in 2022. Overall, imports showed a sharp shrinkage. The smallest decline of -36.6% was in 2021.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s declined remarkably to $55 in 2022. In general, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 10%.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | N/A | N/A | 0.1 | N/A | 0% |
| Belarus | 272 | 136 | 150 | N/A | -25.7% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | 0.7 | N/A | 0.3 | N/A | -34.5% |
| Total | 273 | 136 | 150 | 0.1 | -92.8% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Russia in 2022:
- Turkey (2.0 kg)
- Finland (1.0 kg)
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