Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Spain - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Spain (CIF) - 2024
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Spain (FOB) - 2024
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Spain
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Spain
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Spain (CIF) - 2024
In March 2024, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $971 per ton, declining by -1.8% against the previous month. In general, the import price showed a slight slump. The most prominent rate of growth was recorded in November 2023 an increase of 19% m-o-m. The import price peaked at $1,325 per ton in December 2023; however, from January 2024 to March 2024, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In March 2024, the country with the highest price was Portugal ($1,065 per ton), while the price for Italy ($894 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Portugal (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Spain (FOB) - 2024
In March 2024, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $5,028 per ton, rising by 66% against the previous month. In general, the export price posted a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In March 2024, the country with the highest price was Italy ($9,450 per ton), while the average price for exports to the Netherlands ($1,082 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Spain
In 2022, overseas purchases of pig fat; lard, other than that of heading 0209 and 1503s decreased by -38.9% to 28K tons, falling for the second year in a row after two years of growth. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, imports reached the peak of 46K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s shrank remarkably to $42M in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 17.0 | 24.6 | 31.7 | 27.8 | 17.8% |
| Italy | 3.6 | 6.6 | 15.1 | 10.9 | 44.7% |
| Portugal | 1.1 | 0.4 | 0.3 | 0.9 | -6.5% |
| Ireland | 0.2 | 0.4 | 1.2 | 0.8 | 58.7% |
| United Kingdom | 0.5 | 0.9 | N/A | 0.7 | 11.9% |
| Germany | 0.3 | 1.2 | 0.9 | 0.4 | 10.1% |
| Others | 0.6 | 0.7 | 2.4 | 0.3 | -20.6% |
| Total | 23.3 | 34.9 | 51.5 | 41.7 | 21.4% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Spain in 2022:
- France (18.6K tons)
- Italy (7.5K tons)
- Portugal (0.8K tons)
- Ireland (0.6K tons)
- United Kingdom (0.4K tons)
- Germany (0.3K tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Spain
In 2022, the amount of pig fat; lard, other than that of heading 0209 and 1503s exported from Spain surged to 20K tons, picking up by 31% on the previous year's figure. Over the period under review, exports, however, continue to indicate a sharp setback.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s surged to $29M in 2022. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 21%.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.4 | 2.0 | 0.2 | 7.5 | 75.0% |
| Italy | 6.4 | 4.3 | 6.0 | 6.3 | -0.5% |
| Taiwan (Chinese) | 3.1 | 3.3 | 3.7 | 5.2 | 18.8% |
| Portugal | 1.2 | 1.9 | 2.3 | 5.2 | 63.0% |
| Cuba | 3.0 | 2.6 | 0.8 | 0.8 | -35.6% |
| Denmark | N/A | 3.8 | 7.4 | 0.8 | -54.1% |
| France | 0.3 | 0.5 | 0.5 | 0.8 | 38.7% |
| Netherlands | 22.4 | 0.2 | N/A | 0.7 | -68.5% |
| Others | 0.4 | 1.5 | 3.2 | 1.5 | 55.4% |
| Total | 38.0 | 20.1 | 24.2 | 28.8 | -8.8% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Spain in 2022:
- Germany (7.6K tons)
- Portugal (5.1K tons)
- Taiwan (Chinese) (2.8K tons)
- Italy (1.8K tons)
- Denmark (0.7K tons)
- Netherlands (0.5K tons)
- France (0.5K tons)
- Cuba (0.4K tons)
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