Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Thailand - 2023
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Thailand (CIF) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Thailand (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Thailand
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Thailand
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Thailand (CIF) - 2022
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $7,210 per ton in 2021, picking up by 81% against the previous year. In general, the import price saw a buoyant expansion. The growth pace was the most rapid in 2020 when the average import price increased by 432%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From 2012 to 2021, the rate of growth in terms of prices for the Philippines amounted to +43.4% per year.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Thailand (FOB) - 2022
In 2022, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,130 per ton, which is down by -59.6% against the previous year. Overall, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 107% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,798 per ton in 2021, and then shrank significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2013 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -2.3% per year.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Thailand
In 2022, approx. less than 0.1 kg of pig fat; lard, other than that of heading 0209 and 1503s were imported into Thailand; shrinking by 99.9% compared with the year before. Over the period under review, imports saw a precipitous decline. The smallest decline of -24.3% was in 2020.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s dropped sharply to $11 in 2022. Overall, imports saw a sharp decrease. The smallest decline of -11% was in 2020.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Thailand (USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Vietnam | N/A | N/A | 14.0 | 0% |
| Japan | 372 | 252 | N/A | -32.3% |
| Others | N/A | 79.0 | N/A | 0% |
| Total | 372 | 331 | 14.0 | -80.6% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Thailand in 2022:
- Vietnam (2.0 kg)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Thailand
Exports of pig fat; lard, other than that of heading 0209 and 1503s from Thailand contracted remarkably to 3 kg in 2022, which is down by -97.8% compared with the year before. In general, exports showed a dramatic descent. The smallest decline of -2.5% was in 2020.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s reduced markedly to $3 in 2022. Overall, exports saw a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 101%.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Thailand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.0 | 4.0 | 1.0 | 3.0 | -24.6% |
| Singapore | N/A | 282 | 426 | N/A | 51.1% |
| Lao People's Democratic Republic | 135 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 142 | 286 | 427 | 3.0 | -72.4% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Thailand in 2022:
- Japan (3.0 kg)
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