Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Vietnam - 2022
Contents:
- Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Vietnam (CIF) - 2022
- Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Vietnam
Price for Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Vietnam (CIF) - 2022
In 2022, the average import price for pig fat; lard, other than that of heading 0209 and 1503s amounted to $1,734 per ton, jumping by 35% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($2,038 per ton), while the price for Japan totaled $1,443 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.2%).
Imports of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Vietnam
In 2022, the amount of pig fat; lard, other than that of heading 0209 and 1503s imported into Vietnam declined rapidly to 16 tons, which is down by -75.2% on the year before. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 301%. As a result, imports attained the peak of 64 tons, and then reduced markedly in the following year.
In value terms, imports of pig fat; lard, other than that of heading 0209 and 1503s contracted significantly to $27K in 2022. Over the period under review, imports saw a mild decrease. The growth pace was the most rapid in 2021 when imports increased by 294% against the previous year. As a result, imports reached the peak of $82K, and then reduced dramatically in the following year.
| Import of Pig Fat; Lard, Other than That of Heading 0209 and 1503 in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 10.0 | 20.1 | 41.6 | 15.8 | 16.5% |
| Japan | 18.7 | 0.7 | 40.5 | 11.3 | -15.5% |
| Others | N/A | N/A | N/A | 0.2 | 0% |
| Total | 28.7 | 20.8 | 82.1 | 27.4 | -1.5% |
Top Suppliers of Pig Fat; Lard, Other than That of Heading 0209 and 1503 to Vietnam in 2022:
- Japan (7.9 tons)
- Netherlands (7.8 tons)
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