Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in France - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in France (FOB) - 2022
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in France (CIF) - 2023
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in France
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in France
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in France (FOB) - 2022
The average export price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $1,497 per ton in 2022, jumping by 33% against the previous year. Over the period under review, the export price recorded a perceptible expansion. The pace of growth appeared the most rapid in 2021 an increase of 47%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($1,688 per ton) and the Netherlands ($1,546 per ton), while the average price for exports to Spain ($1,442 per ton) and Belgium ($1,537 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.4%), 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 France (CIF) - 2023
In December 2023, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,287 per ton, which is down by -3.8% against the previous month. Over the period under review, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 2.9% against the previous month. As a result, import price reached the peak level of $1,674 per ton. From February 2023 to December 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Italy ($1,655 per ton) and Germany ($1,417 per ton), while the price for Belgium ($1,232 per ton) and the Netherlands ($1,253 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.7%), 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 France
Exports of pig fat; not lard, other than that of heading 0209 or 1503s from France expanded rapidly to 60K tons in 2022, rising by 11% on 2021 figures. The total export volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached 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 skyrocketed to $91M in 2022. In general, exports recorded a significant expansion. As a result, the exports attained 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 France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 20.7 | 27.6 | 39.6 | 42.3 | 26.9% |
| Netherlands | 9.5 | 11.7 | 15.1 | 38.8 | 59.8% |
| Belgium | 0.7 | 1.2 | 4.2 | 7.9 | 124.3% |
| Italy | 1.3 | 1.5 | 0.9 | 1.2 | -2.6% |
| Others | 0.7 | 0.1 | 1.4 | 0.3 | -24.6% |
| Total | 32.8 | 42.1 | 61.3 | 90.6 | 40.3% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from France in 2022:
- Spain (29.3K tons)
- Netherlands (25.1K tons)
- Belgium (5.2K tons)
- Italy (0.7K tons)
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in France
For the fourth consecutive year, France recorded growth in purchases abroad of pig fat; not lard, other than that of heading 0209 or 1503s, which increased by 7.7% to 17K tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 54% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s skyrocketed to $27M in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 78%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.3 | 4.0 | 6.9 | 9.3 | 59.3% |
| Belgium | 2.9 | 3.2 | 7.3 | 8.9 | 45.3% |
| Sweden | N/A | 0.2 | 2.7 | 4.3 | 363.7% |
| Netherlands | 0.6 | 2.9 | 1.3 | 3.7 | 83.4% |
| Italy | 0.4 | 0.4 | 1.1 | 0.6 | 14.5% |
| Denmark | 0.3 | 0.9 | 0.3 | 0.2 | -12.6% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 6.5 | 11.6 | 19.6 | 26.9 | 60.6% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to France in 2022:
- Belgium (6.0K tons)
- Germany (5.9K tons)
- Sweden (2.8K tons)
- Netherlands (2.1K tons)
- Italy (0.4K tons)
- Denmark (0.1K tons)
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