Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Austria - 2023
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Austria (FOB) - 2022
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Austria (CIF) - 2022
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Austria
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Austria
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Austria (FOB) - 2022
In 2022, the average export price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,154 per ton, increasing by 33% against the previous year. Overall, the export price enjoyed a tangible increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 43%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($1,343 per ton), while the average price for exports to Belgium ($724 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 Germany (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Austria (CIF) - 2022
In 2022, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $871 per ton, surging by 165% against the previous year. Overall, the import price recorded a pronounced expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($2,065 per ton), while the price for Germany ($602 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), while the prices for the other major suppliers experienced a decline.
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Austria
In 2022, approx. 5.3K tons of pig fat; not lard, other than that of heading 0209 or 1503s were exported from Austria; rising by 12% against 2021. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 20%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s surged to $6.1M in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 57%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 201 | 335 | 675 | 2,966 | 145.3% |
| Italy | 1,371 | 1,811 | 2,672 | 2,100 | 15.3% |
| Belgium | 334 | 406 | 730 | 881 | 38.2% |
| Slovakia | 21.8 | 26.1 | N/A | 113 | 73.1% |
| Others | 23.6 | 26.3 | 1.9 | 22.4 | -1.7% |
| Total | 1,951 | 2,604 | 4,079 | 6,083 | 46.1% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from Austria in 2022:
- Germany (2.2K tons)
- Italy (1.7K tons)
- Belgium (1.2K tons)
- Slovakia (0.1K tons)
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Austria
After two years of decline, supplies from abroad of pig fat; not lard, other than that of heading 0209 or 1503s increased by 14% to 143 tons in 2022. In general, imports, however, showed a deep reduction.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s skyrocketed to $124K in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 65.1 | 40.3 | 41.2 | 70.0 | 2.4% |
| Ireland | N/A | N/A | N/A | 43.5 | 0% |
| Poland | N/A | N/A | N/A | 10.7 | 0% |
| Others | 0.5 | N/A | N/A | N/A | 0% |
| Total | 65.6 | 40.3 | 41.2 | 124 | 23.6% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Austria in 2022:
- Germany (116.2 tons)
- Ireland (21.1 tons)
- Poland (5.3 tons)
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