Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Serbia - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Serbia (CIF) - 2024
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Serbia (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Serbia
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Serbia
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Serbia (CIF) - 2024
In April 2024, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,582 per ton, falling by -2% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 6.1% month-to-month. Over the period under review, average import prices attained the peak figure at $1,820 per ton in December 2023; however, from January 2024 to April 2024, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In April 2024, the country with the highest price was Montenegro ($2,039 per ton), while the price for Italy amounted to $1,572 per ton.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Montenegro (-0.2%).
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Serbia (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,633 per ton in 2022, surging by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,657 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($1,631 per ton), while the average price for exports to Montenegro totaled $1,629 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+1.8%), while the prices for the other major destinations experienced a decline.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Serbia
After three years of growth, purchases abroad of pig fat; lard, other than that of heading 0209 and 1503s decreased by -13.3% to 1.9K tons in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.0% 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 +26.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, imports attained the peak of 2.2K tons, and then dropped in the following year.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s stood at $3.5M in 2022. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 109%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.5 | 1.6 | 3.5 | 3.5 | 32.6% |
| Montenegro | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.6 | 1.7 | 3.5 | 3.5 | 29.8% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Serbia in 2022:
- Italy (1849.9 tons)
- Montenegro (30.8 tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Serbia
In 2022, overseas shipments of pig fat; lard, other than that of heading 0209 and 1503s decreased by -2.1% to 124 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 0.7%. As a result, the exports reached the peak of 139 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s expanded rapidly to $203K in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 89.7 | 60.8 | 102 | 149 | 18.4% |
| Bosnia and Herzegovina | 91.2 | 121 | 77.2 | 51.3 | -17.5% |
| Bulgaria | N/A | 12.8 | N/A | N/A | 0% |
| Others | N/A | 0.1 | 2.4 | 3.4 | 483.1% |
| Total | 181 | 195 | 181 | 203 | 3.9% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Serbia in 2022:
- Montenegro (91.2 tons)
- Bosnia and Herzegovina (31.4 tons)
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