Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Africa - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Africa (FOB) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Africa (CIF) - 2022
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Africa
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Africa
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Africa (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,522 per ton in 2022, growing by 19% against the previous year. In general, the export price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 79% against the previous year. Over the period under review, the average export prices hit record highs at $2,963 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($1,510 per ton), while the average price for exports to Namibia amounted to $1,484 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+17.3%).
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Africa (CIF) - 2022
In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $38,225 per ton, stabilizing at the previous year. Over the period under review, the import price showed a significant expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 3.2%. The import price peaked at $97,580 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 Swaziland ($2,000 per ton), while the price for the United States ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (+9.7%).
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Africa
In 2022, overseas shipments of pig fat; lard, other than that of heading 0209 and 1503s decreased by -93.3% to 1.4 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 174% against the previous year. As a result, the exports reached the peak of 65 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 reduced dramatically to $2.1K in 2022. In general, exports showed a dramatic decrease. The pace of growth appeared the most rapid in 2020 with an increase of 180% against the previous year. As a result, the exports attained the peak of $116K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 38.1 | 113 | 24.0 | 1.8 | -63.8% |
| Zimbabwe | N/A | 0.5 | 1.7 | 0.2 | -36.8% |
| Others | 3.0 | 1.8 | 1.1 | 0.1 | -67.8% |
| Total | 41.2 | 116 | 26.8 | 2.1 | -62.9% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from South Africa in 2022:
- Namibia (1245.0 kg)
- Zimbabwe (151.0 kg)
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Africa
For the third year in a row, South Africa recorded decline in purchases abroad of pig fat; lard, other than that of heading 0209 and 1503s, which decreased by 0% to 3 kg in 2022. In general, imports saw a precipitous decrease. The smallest decline of -63.2% was in 2020.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s amounted to $4 in 2022. Over the period under review, imports continue to indicate a dramatic slump. The smallest decline of -42.4% was in 2020.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 39.1 | 22.4 | N/A | N/A | -42.7% |
| Poland | N/A | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 39.2 | 22.5 | N/A | N/A | -42.6% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to South Africa in 2022:
- United States (1.0 kg)
- Poland (1.0 kg)
- Swaziland (1.0 kg)
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