Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Canada - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Canada (FOB) - 2024
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Canada (CIF) - 2024
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Canada
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Canada
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Canada (FOB) - 2024
The average export price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $777 per ton in March 2024, approximately reflecting the previous month. In general, the export price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in September 2023 when the average export price increased by 14% against the previous month. Over the period under review, the average export prices attained the maximum at $1,418 per ton in October 2023; however, from November 2023 to March 2024, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From March 2023 to March 2024, the rate of growth in terms of prices for the United States amounted to -4.2% per month.
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Canada (CIF) - 2024
The average import price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $2,208 per ton in March 2024, remaining relatively unchanged against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in February 2024 when the average import price increased by 5.2% m-o-m. Over the period under review, average import prices reached the peak figure in March 2024.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From March 2023 to March 2024, the rate of growth in terms of prices for the United States amounted to +0.4% per month.
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Canada
In 2022, exports of pig fat; not lard, other than that of heading 0209 or 1503s from Canada surged to 34K tons, growing by 48% on the year before. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +83.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s surged to $51M in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.1 | 10.3 | 23.4 | 50.8 | 61.3% |
| China | 1.0 | 1.1 | 0.1 | N/A | -68.4% |
| Others | 1.3 | N/A | 0.3 | 0.1 | -57.5% |
| Total | 14.4 | 11.4 | 23.7 | 50.8 | 52.2% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from Canada in 2022:
- United States (34.3K tons)
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Canada
In 2022, the amount of pig fat; not lard, other than that of heading 0209 or 1503s imported into Canada soared to 726 tons, with an increase of 50% compared with the previous year's figure. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 56% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s surged to $1.7M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached 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 Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 300 | 491 | 722 | 1,655 | 76.7% |
| Australia | 348 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 647 | 491 | 722 | 1,655 | 36.8% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Canada in 2022:
- United States (725.8 tons)
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