Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Denmark - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Denmark (FOB) - 2024
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Denmark (CIF) - 2023
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Denmark
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Denmark
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Denmark (FOB) - 2024
The average export price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $1,752 per ton in March 2024, flattening at the previous month. In general, export price indicated slight growth from March 2023 to March 2024: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, export price for pig fat; not lard, other than that of heading 0209 or 1503s increased by +65.5% against January 2024 indices. The pace of growth appeared the most rapid in February 2024 an increase of 64% m-o-m. Over the period under review, the average export prices attained the peak figure in March 2024.
As there is only one major export destination, the average price level is determined by prices for the UK.
From March 2023 to March 2024, the rate of growth in terms of prices for the UK amounted to -1.1% per month.
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Denmark (CIF) - 2023
In December 2023, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $841 per ton, standing approximately at the previous month. In general, the import price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 7.2% m-o-m. As a result, import price reached the peak level of $1,241 per ton. From March 2023 to December 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From December 2022 to December 2023, the rate of growth in terms of prices for Portugal amounted to +2.9% per month.
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Denmark
In 2022, exports of pig fat; not lard, other than that of heading 0209 or 1503s from Denmark skyrocketed to 25K tons, with an increase of 21% against the previous year's figure. The total export volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 soared to $40M in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 63%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.0 | 8.9 | 16.0 | 26.5 | 43.3% |
| United Kingdom | 3.7 | 4.4 | 4.0 | 6.1 | 18.1% |
| Germany | N/A | N/A | 1.5 | 3.5 | 133.3% |
| Czech Republic | 1.0 | 1.4 | 1.4 | 2.7 | 39.2% |
| Belgium | 0.7 | 0.4 | 1.8 | 1.5 | 28.9% |
| Others | 0.1 | 0.4 | 0.6 | 0.1 | 0.0% |
| Total | 14.5 | 15.5 | 25.2 | 40.3 | 40.6% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from Denmark in 2022:
- Netherlands (17.2K tons)
- United Kingdom (3.2K tons)
- Germany (2.3K tons)
- Czech Republic (1.4K tons)
- Belgium (1.0K tons)
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Denmark
In 2022, overseas purchases of pig fat; not lard, other than that of heading 0209 or 1503s decreased by 0% to 806 tons, falling for the second consecutive year after two years of growth. In general, imports posted a measured increase. The most prominent rate of growth was recorded in 2020 when imports increased by 136%. As a result, imports reached the peak of 1.6K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s amounted to $959K in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 189%. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 180 | 1,075 | N/A | 767 | 62.1% |
| Portugal | N/A | N/A | N/A | 136 | 0% |
| Sweden | 48.6 | N/A | N/A | 45.5 | -2.2% |
| Norway | N/A | N/A | N/A | 10.8 | 0% |
| Netherlands | 144 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 372 | 1,075 | N/A | 959 | 37.1% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Denmark in 2022:
- Germany (605.0 tons)
- Portugal (159.8 tons)
- Sweden (25.0 tons)
- Norway (15.8 tons)
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