Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Germany - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Germany (FOB) - 2024
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Germany (CIF) - 2022
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Germany
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Germany
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Germany (FOB) - 2024
The average export price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $1,131 per ton in March 2024, remaining stable against the previous month. Overall, the export price recorded a mild descent. The most prominent rate of growth was recorded in February 2024 when the average export price increased by 16% m-o-m. Over the period under review, the average export prices hit record highs at $1,347 per ton in March 2023; however, from April 2023 to March 2024, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From March 2023 to March 2024, the rate of growth in terms of prices for France amounted to -0.9% per month.
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Germany (CIF) - 2022
In 2022, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,078 per ton, with an increase of 24% against the previous year. Overall, the import price enjoyed a prominent expansion. The growth pace was the most rapid in 2021 an increase of 63% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($2,189 per ton), while the price for Denmark ($447 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Germany
After two years of decline, overseas shipments of pig fat; not lard, other than that of heading 0209 or 1503s increased by 3.3% to 21K tons in 2022. Overall, exports, however, continue to indicate a precipitous setback.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s surged to $31M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.2% 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 +89.9% against 2020 indices. 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 Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 20.1 | 11.1 | 13.2 | 14.2 | -10.9% |
Belgium | 2.1 | 1.8 | 3.8 | 11.4 | 75.7% |
Switzerland | 1.4 | 2.2 | 3.4 | 3.8 | 39.5% |
Austria | 0.2 | 0.4 | N/A | 0.2 | 0.0% |
Italy | 0.6 | 0.2 | 0.6 | 0.1 | -45.0% |
Others | 1.9 | 0.3 | 0.7 | 0.9 | -22.0% |
Total | 26.2 | 16.1 | 21.8 | 30.5 | 5.2% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from Germany in 2022:
- Netherlands (9.7K tons)
- Belgium (7.4K tons)
- Switzerland (2.3K tons)
- Austria (0.5K tons)
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Germany
After three years of growth, purchases abroad of pig fat; not lard, other than that of heading 0209 or 1503s decreased by -28.6% to 3.9K tons in 2022. Over the period under review, imports showed a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of 5.5K tons, and then shrank markedly in the following year.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s fell notably to $1.9M in 2022. In general, imports saw a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 94% against the previous year. As a result, imports reached the peak of $4.8M, and then fell markedly in the following year.
Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Germany (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 998 | 1,273 | 2,634 | 1,675 | 18.8% |
Poland | 914 | 1,027 | 1,274 | 159 | -44.2% |
Netherlands | 412 | 122 | 761 | 25.9 | -60.2% |
Others | 229 | 35.0 | 100 | 61.4 | -35.5% |
Total | 2,553 | 2,457 | 4,769 | 1,921 | -9.0% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Germany in 2022:
- Denmark (3749.3 tons)
- Poland (129.5 tons)
- Netherlands (15.5 tons)
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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.
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
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
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.
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
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