Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the United Arab Emirates - 2022
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the United Arab Emirates (CIF) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the United Arab Emirates (FOB) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the United Arab Emirates
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the United Arab Emirates
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $6,299 per ton, surging by 14% against the previous year. Over the period under review, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 31% against the previous year. The import price peaked at $8,646 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($6,566 per ton), while the price for Spain ($3,841 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+96.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the United Arab Emirates (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $12,667 per ton in 2021, shrinking by -1.9% against the previous year. In general, the export price, however, posted a significant increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 102%. Over the period under review, the average export prices reached the maximum at $12,909 per ton in 2020, and then contracted slightly in the following year.
As there is only one major export destination, the average price level is determined by prices for Ethiopia.
From 2014 to 2021, the rate of growth in terms of prices for Maldives amounted to +59.5% per year.
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the United Arab Emirates
In 2022, the amount of pig fat; lard, other than that of heading 0209 and 1503s imported into the United Arab Emirates soared to 2.9 tons, rising by 67% on the previous year. In general, imports recorded significant growth. 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 $18K in 2022. Overall, imports posted a significant expansion. 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 United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2.9 | 6.1 | 6.8 | 17.3 | 81.4% |
| Spain | N/A | N/A | 1.5 | 1.0 | -33.3% |
| Germany | 1.0 | 0.7 | 1.3 | 0.1 | -53.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.9 | 6.8 | 9.7 | 18.4 | 67.7% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to the United Arab Emirates in 2022:
- United Kingdom (2627.0 kg)
- Spain (264.0 kg)
- Germany (32.0 kg)
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the United Arab Emirates
In 2021, approx. 9 kg of pig fat; lard, other than that of heading 0209 and 1503s were exported from the United Arab Emirates; remaining constant against the previous year. In general, exports continue to indicate a deep downturn. The smallest decline of 99.9% was in 2020.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s amounted to $114 in 2021. Over the period under review, exports recorded a dramatic contraction. The smallest decline of 99.9% was in 2020.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in the United Arab Emirates (USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Ethiopia | N/A | N/A | 114 | 0% |
| Maldives | 178 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0% |
| Total | 178 | N/A | 114 | -20.0% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from the United Arab Emirates in 2022:
- Ethiopia (9.0 kg)
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