Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Korea - 2022
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Korea (FOB) - 2022
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Korea
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Korea (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $951 per ton in 2022, shrinking by -5.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 7.4% against the previous year. As a result, the export price attained the peak level of $1,009 per ton, and then contracted in the following year.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +0.4% per year.
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Korea
In 2022, the amount of pig fat; lard, other than that of heading 0209 and 1503s exported from South Korea surged to 764 tons, jumping by 32% on 2021. Overall, total exports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.5% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 35%. As a result, the exports attained the peak of 985 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s skyrocketed to $726K in 2022. In general, total exports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +2.7% 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 decreased by -21.6% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $926K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 671 | 926 | 582 | 726 | 2.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 671 | 926 | 582 | 726 | 2.7% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from South Korea in 2022:
- Japan (763.6 tons)
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