Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Philippines - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Philippines (CIF) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Philippines
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Philippines (CIF) - 2022
In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,320 per ton, surging by 264% against the previous year. In general, the import price saw strong growth. The import price peaked at $1,511 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,433 per ton), while the price for the Netherlands ($752 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+290.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Philippines
In 2022, overseas purchases of pig fat; lard, other than that of heading 0209 and 1503s decreased by -92% to 210 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 483%.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s reduced sharply to $204K in 2022. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 176% against the previous year.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 235 | N/A | 10.6 | 78.8 | -30.5% |
| Japan | 98.1 | 2.9 | 7.1 | 41.5 | -24.9% |
| Ireland | N/A | N/A | N/A | 40.2 | 0% |
| United States | N/A | N/A | N/A | 23.8 | 0% |
| Spain | N/A | N/A | 4.3 | 19.7 | 358.1% |
| Hong Kong SAR | N/A | 915 | 949 | N/A | 3.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 333 | 918 | 971 | 204 | -15.1% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to the Philippines in 2022:
- Netherlands (104.8 tons)
- Ireland (38.9 tons)
- Japan (30.2 tons)
- United States (22.8 tons)
- Spain (13.8 tons)
423
This report provides an in-depth analysis of the rendered pig fat market in the Philippines.
1202
This report provides an in-depth analysis of the lard market in the Philippines.
344
This report provides an in-depth analysis of the poultry fat market in the Philippines.
746
This report provides an in-depth analysis of the global rendered pig fat market.
2855
This report provides an in-depth analysis of the global lard market.
916
Global Poultry Fat Market Report 2018. This report provides an in-depth analysis of the global poultry fat market.
423
This report provides an in-depth analysis of the rendered pig fat market in the Philippines.
1202
This report provides an in-depth analysis of the lard market in the Philippines.
746
This report provides an in-depth analysis of the global rendered pig fat market.
2855
This report provides an in-depth analysis of the global lard market.
746
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4143
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
4000
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2321
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
746
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4143
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
4000
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2321
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
