Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the UK - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the UK (CIF) - 2024
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the UK (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the UK
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the UK
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the UK (CIF) - 2024
In April 2024, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,924 per ton, dropping by -3.1% against the previous month. Over the period under review, the import price showed a mild setback. The growth pace was the most rapid in December 2023 when the average import price increased by 7.3% month-to-month. The import price peaked at $2,216 per ton in April 2023; however, from May 2023 to April 2024, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In April 2024, the highest price was recorded for prices from Poland ($2,382 per ton) and Italy ($2,009 per ton), while the price for the Netherlands ($1,655 per ton) and France ($1,908 per ton) were amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Italy (-0.8%), 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 UK (FOB) - 2022
In 2022, the average export price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,969 per ton, surging by 116% against the previous year. In general, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($6,442 per ton), while the average price for exports to Belgium ($1,546 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.6%), 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 the UK
In 2022, the amount of pig fat; lard, other than that of heading 0209 and 1503s imported into the UK surged to 8.3K tons, increasing by 90% compared with 2021 figures. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s surged to $17M in 2022. In general, imports enjoyed significant growth. As a result, imports reached 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 UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.3 | 2.3 | 3.8 | 7.2 | 46.3% |
| Italy | N/A | N/A | N/A | 6.6 | 0% |
| Poland | 1.2 | 1.4 | 1.6 | 2.1 | 20.5% |
| France | N/A | 0.5 | 0.7 | 0.7 | 18.3% |
| Germany | 0.5 | 2.7 | N/A | 0.6 | 6.3% |
| Others | N/A | 0.2 | 0.3 | N/A | 50.0% |
| Total | 4.1 | 7.1 | 6.4 | 17.2 | 61.3% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to the UK in 2022:
- Netherlands (3.7K tons)
- Italy (3.1K tons)
- Poland (0.9K tons)
- France (0.3K tons)
- Germany (0.3K tons)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of pig fat; lard, other than that of heading 0209 and 1503s, which decreased by -74.3% to 46 tons in 2022. Overall, exports saw a precipitous slump. The smallest decline of -12.8% was in 2021.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s plummeted to $90K in 2022. Over the period under review, exports continue to indicate a sharp contraction. The smallest decline of -36.8% was in 2021.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 41.2 | 0% |
| Ireland | 1.7 | 2.0 | 17.3 | 22.5 | 136.5% |
| United Arab Emirates | N/A | 33.6 | 6.8 | 17.3 | -28.2% |
| Italy | N/A | N/A | N/A | 6.1 | 0% |
| Denmark | 765 | N/A | N/A | N/A | 0% |
| Gambia | N/A | N/A | 9.8 | N/A | 0% |
| Pakistan | N/A | 19.3 | N/A | N/A | 0% |
| Turkey | N/A | 122 | 27.5 | N/A | -77.5% |
| Others | 503 | 80.8 | 101 | 2.9 | -82.1% |
| Total | 1,270 | 257 | 163 | 90.0 | -58.6% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from the UK in 2022:
- Belgium (26.6 tons)
- Ireland (14.6 tons)
- United Arab Emirates (2.7 tons)
- Italy (1.5 tons)
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