Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Belgium - 2023
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Belgium (CIF) - 2023
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Belgium (FOB) - 2023
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Belgium
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Belgium
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Belgium (CIF) - 2023
The average import price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $1,079 per ton in December 2023, with a decrease of -17.4% against the previous month. Overall, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in May 2023 an increase of 27% month-to-month. The import price peaked at $1,504 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for France.
From December 2022 to December 2023, the rate of growth in terms of prices for the Netherlands amounted to +18.6% per month.
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Belgium (FOB) - 2023
The average export price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $1,149 per ton in December 2023, flattening at the previous month. Overall, the export price showed a perceptible descent. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 48% against the previous month. Over the period under review, the average export prices hit record highs at $1,497 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In December 2023, the country with the highest price was France ($1,220 per ton), while the average price for exports to Germany ($1,025 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-1.7%), while the prices for the other major destinations experienced a decline.
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Belgium
In 2022, the amount of pig fat; not lard, other than that of heading 0209 or 1503s imported into Belgium skyrocketed to 39K tons, rising by 98% on 2021. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s surged to $61M in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 168% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.6 | 4.8 | 14.7 | 45.1 | 158.9% |
| France | 1.7 | 2.3 | 4.9 | 7.8 | 66.2% |
| Netherlands | 0.5 | 0.1 | 1.3 | 6.3 | 132.7% |
| Denmark | N/A | N/A | 1.8 | 0.1 | -94.4% |
| United Kingdom | 1.8 | 2.1 | N/A | N/A | 16.7% |
| Others | N/A | N/A | 2.3 | 1.5 | -34.8% |
| Total | 6.6 | 9.3 | 25.0 | 60.8 | 109.6% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Belgium in 2022:
- Germany (28.9K tons)
- France (5.0K tons)
- Netherlands (4.5K tons)
- Denmark (0.1K tons)
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Belgium
Exports of pig fat; not lard, other than that of heading 0209 or 1503s from Belgium surged to 14K tons in 2022, increasing by 30% on the year before. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 4,197%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s surged to $20M in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 7,226% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.1 | 0.1 | 5.8 | 10.4 | 370.3% |
| France | N/A | N/A | 7.5 | 8.8 | 17.3% |
| Germany | 0.1 | 0.1 | 0.2 | 0.7 | 91.3% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 0.2 | 0.2 | 13.5 | 20.1 | 364.9% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from Belgium in 2022:
- Netherlands (7.3K tons)
- France (5.9K tons)
- Germany (0.5K tons)
400
This report provides an in-depth analysis of the rendered pig fat market in Belgium.
693
This report provides an in-depth analysis of the lard market in Belgium.
431
This report provides an in-depth analysis of the poultry fat market in Belgium.
746
This report provides an in-depth analysis of the global rendered pig fat market.
2855
This report provides an in-depth analysis of the global lard market.
916
Global Poultry Fat Market Report 2018. This report provides an in-depth analysis of the global poultry fat market.
400
This report provides an in-depth analysis of the rendered pig fat market in Belgium.
693
This report provides an in-depth analysis of the lard market in Belgium.
746
This report provides an in-depth analysis of the global rendered pig fat market.
2855
This report provides an in-depth analysis of the global lard market.
746
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4143
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
4000
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2321
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
746
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4143
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
4000
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2321
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
