Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Czech Republic - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Czech Republic (CIF) - 2024
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Czech Republic (FOB) - 2024
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Czech Republic
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Czech Republic
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Czech Republic (CIF) - 2024
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $1,495 per ton in March 2024, remaining constant against the previous month. Overall, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in November 2023 when the average import price increased by 9% month-to-month. Over the period under review, average import prices attained the maximum at $1,978 per ton in April 2023; however, from May 2023 to March 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Slovakia ($2,317 per ton), while the price for Denmark ($1,251 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 Slovakia (-0.9%), 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 the Czech Republic (FOB) - 2024
In March 2024, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,029 per ton, shrinking by -14.8% against the previous month. Over the period under review, the export price recorded a pronounced decrease. The pace of growth appeared the most rapid in November 2023 an increase of 33% against the previous month. As a result, the export price attained the peak level of $1,537 per ton. From December 2023 to March 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was Hungary ($2,720 per ton), while the average price for exports to Germany ($277 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 Poland (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Czech Republic
In 2022, imports of pig fat; lard, other than that of heading 0209 and 1503s into the Czech Republic declined slightly to 4.2K tons, falling by -3.2% on 2021 figures. Overall, imports saw a pronounced decline. The smallest decline of -1.6% was in 2020.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s soared to $7.7M in 2022. In general, imports, however, posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,235 | 1,667 | 2,630 | 3,333 | 39.2% |
| Denmark | 1,064 | 1,366 | 1,453 | 2,372 | 30.6% |
| Poland | 246 | 251 | 346 | 768 | 46.2% |
| Slovakia | 359 | 409 | 520 | 573 | 16.9% |
| France | 2.1 | 0.3 | 134 | 279 | 410.3% |
| Belgium | 686 | 321 | 103 | 169 | -37.3% |
| Austria | 211 | 132 | 117 | 91.4 | -24.3% |
| Netherlands | N/A | 136 | N/A | 71.1 | -27.7% |
| Others | 138 | 45.3 | 226 | 45.3 | -31.0% |
| Total | 3,940 | 4,329 | 5,529 | 7,703 | 25.0% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to the Czech Republic in 2022:
- Germany (1686.1 tons)
- Denmark (1224.8 tons)
- Poland (454.4 tons)
- Slovakia (316.0 tons)
- Belgium (204.0 tons)
- France (123.6 tons)
- Netherlands (76.6 tons)
- Austria (76.4 tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Czech Republic
In 2022, exports of pig fat; lard, other than that of heading 0209 and 1503s from the Czech Republic stood at 1K tons, therefore, remained relatively stable against the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 8.4% against the previous year.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s totaled $1.6M in 2022. The total export value increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 22%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 1,096 | 1,292 | 1,180 | 1,108 | 0.4% |
| Hungary | 120 | 122 | 114 | 207 | 19.9% |
| Germany | 0.2 | N/A | 0.1 | 106 | 709.3% |
| Poland | N/A | 0.5 | 17.2 | 104 | 1342.2% |
| Bulgaria | N/A | 58.7 | 97.5 | 23.2 | -37.1% |
| Others | 18.6 | 30.8 | 2.0 | 4.4 | -38.2% |
| Total | 1,234 | 1,504 | 1,410 | 1,552 | 7.9% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from the Czech Republic in 2022:
- Slovakia (721.5 tons)
- Poland (130.1 tons)
- Germany (87.1 tons)
- Hungary (60.5 tons)
- Bulgaria (23.2 tons)
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