Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Turkey - 2024
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Turkey (FOB) - 2022
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Turkey (CIF) - 2022
- Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Turkey
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Turkey
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Turkey (FOB) - 2022
The average export price for pig fat; lard, other than that of heading 0209 and 1503s stood at $4,519 per ton in 2022, growing by 154% against the previous year. Overall, the export price recorded a slight increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($23,667 per ton), while the average price for exports to Germany ($600 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saint Vincent and the Grenadines (+43.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Turkey (CIF) - 2022
The average import price for pig fat; lard, other than that of heading 0209 and 1503s stood at $3,426 per ton in 2022, leveling off at the previous year. Over the period under review, the import price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 an increase of 151%. As a result, import price reached the peak level of $5,480 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +5.6% per year.
Exports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Turkey
For the third consecutive year, Turkey recorded growth in overseas shipments of pig fat; lard, other than that of heading 0209 and 1503s, which increased by 3.1% to 132 kg in 2022. The total export volume increased at an average annual rate of +6.2% from 2020 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 9.4%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of pig fat; lard, other than that of heading 0209 and 1503s surged to $581 in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Turkey (USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Hong Kong SAR | 254 | 145 | 197 | -11.9% |
| Singapore | N/A | N/A | 74.0 | 0% |
| Azerbaijan | N/A | N/A | 71.0 | 0% |
| Saint Vincent and the Grenadines | N/A | 9.0 | 43.0 | 377.8% |
| Cook Islands | N/A | N/A | 42.0 | 0% |
| Malta | 16.0 | 14.0 | 27.0 | 29.9% |
| Liberia | 23.0 | 7.0 | 19.0 | -9.1% |
| Panama | 10.0 | 4.0 | 18.0 | 34.2% |
| Lebanon | N/A | N/A | 13.0 | 0% |
| Marshall Islands | 16.0 | 11.0 | 11.0 | -17.1% |
| Croatia | N/A | 12.0 | 10.0 | -16.7% |
| Belgium | N/A | N/A | 7.0 | 0% |
| Germany | N/A | N/A | 3.0 | 0% |
| Others | 34.0 | 27.0 | 46.0 | 16.3% |
| Total | 353 | 229 | 581 | 28.3% |
Top Export Markets for Pig Fat; Lard, Other than That of Heading 0209 and 1503 from Turkey in 2022:
- Hong Kong SAR (56.0 kg)
- Saint Vincent and the Grenadines (10.0 kg)
- Cook Islands (10.0 kg)
- Singapore (8.0 kg)
- Malta (7.0 kg)
- Liberia (5.0 kg)
- Panama (5.0 kg)
- Germany (5.0 kg)
- Lebanon (4.0 kg)
- Azerbaijan (3.0 kg)
- Croatia (3.0 kg)
- Marshall Islands (3.0 kg)
- Belgium (3.0 kg)
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Turkey
In 2022, imports of pig fat; lard, other than that of heading 0209 and 1503s into Turkey shrank dramatically to 61 kg, with a decrease of -54.5% against the previous year. Overall, imports recorded a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 738%.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s fell sharply to $209 in 2022. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 887%. As a result, imports attained the peak of $454, and then reduced remarkably in the following year.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Turkey (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 327 | 1.0 | 7.0 | 209 | -13.9% |
| United Kingdom | N/A | 45.0 | 447 | N/A | 893.3% |
| Netherlands | 35.0 | N/A | N/A | N/A | 0% |
| Brazil | 44.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 406 | 46.0 | 454 | 209 | -19.9% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Turkey in 2022:
- Germany (61.0 kg)
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