Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Switzerland - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Switzerland (CIF) - 2024
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Switzerland (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Switzerland
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Switzerland
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Switzerland (CIF) - 2024
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,313 per ton in May 2024, with a decrease of -3.3% against the previous month. Overall, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in August 2023 an increase of 8.8% against the previous month. The import price peaked at $1,672 per ton in May 2023; however, from June 2023 to May 2024, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In May 2024, the country with the highest price was France ($1,359 per ton), while the price for Germany totaled $1,141 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by France (-1.8%).
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Switzerland (FOB) - 2022
In 2022, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $2,054 per ton, picking up by 61% against the previous year. In general, the export price, however, faced a abrupt contraction. Over the period under review, the average export prices hit record highs at $5,434 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to +21.1% per year.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Switzerland
In 2022, purchases abroad of pig fat; lard, other than that of heading 0209 and 1503s decreased by -16.4% to 4.4K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports attained the peak of 5.2K tons, and then declined notably in the following year.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s surged to $8M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 66% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.7 | 1.3 | 2.9 | 4.5 | 85.9% |
| Germany | 1.7 | 2.6 | 3.9 | 3.5 | 27.2% |
| Poland | 0.7 | 0.1 | N/A | N/A | -85.7% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 3.2 | 4.1 | 6.8 | 8.0 | 35.7% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Switzerland in 2022:
- France (2.4K tons)
- Germany (2.0K tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Switzerland
After three years of growth, overseas shipments of pig fat; lard, other than that of heading 0209 and 1503s decreased by -18.2% to 150 tons in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 417% against the previous year.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s soared to $307K in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 402% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.1 | 80.9 | 232 | 305 | 151.8% |
| Hong Kong SAR | N/A | 40.4 | N/A | N/A | 0% |
| Others | 5.8 | 3.5 | 1.8 | 2.4 | -25.5% |
| Total | 24.9 | 125 | 234 | 307 | 131.0% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Switzerland in 2022:
- China (149.0 tons)
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