Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hong Kong SAR - 2022
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hong Kong SAR (FOB) - 2022
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hong Kong SAR (CIF) - 2022
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hong Kong SAR
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hong Kong SAR
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hong Kong SAR (FOB) - 2022
The average export price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $561 per ton in 2022, declining by -10.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 9.3% against the previous year. As a result, the export price attained the peak level of $629 per ton, and then dropped in the following year.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.6% per year.
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,693 per ton, reducing by -30.1% against the previous year. Overall, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 154%. As a result, import price reached the peak level of $4,640 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($5,797 per ton), while the price for Canada ($676 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.4%), 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 Hong Kong SAR
In 2022, exports of pig fat; not lard, other than that of heading 0209 or 1503s from Hong Kong SAR skyrocketed to 1.3K tons, picking up by 416% compared with the previous year's figure. Over the period under review, exports, however, recorded a deep downturn.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s skyrocketed to $733K in 2022. In general, exports, however, recorded a abrupt decline.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 982 | 1,058 | 159 | 733 | -9.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 982 | 1,058 | 159 | 733 | -9.3% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from Hong Kong SAR in 2022:
- China (1.3K tons)
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hong Kong SAR
In 2022, supplies from abroad of pig fat; not lard, other than that of heading 0209 or 1503s increased by 95% to 27 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt descent.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s skyrocketed to $46K in 2022. Overall, imports, however, recorded a dramatic slump.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 26.2 | 24.6 | 13.2 | 15.4 | -16.2% |
| Netherlands | 41.0 | 18.8 | 11.2 | 15.0 | -28.5% |
| Japan | N/A | 7.8 | 6.4 | 9.4 | 9.8% |
| Canada | 3.7 | 2.5 | 2.7 | 5.9 | 16.8% |
| Belgium | 22.5 | N/A | N/A | N/A | 0% |
| Others | 1.5 | 0.1 | 0.1 | 0.1 | -59.5% |
| Total | 94.9 | 53.7 | 33.6 | 45.7 | -21.6% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Hong Kong SAR in 2022:
- Poland (11.3 tons)
- Canada (8.8 tons)
- Netherlands (5.3 tons)
- Japan (1.6 tons)
245
This report provides an in-depth analysis of the rendered pig fat market in Hong Kong SAR, China.
452
This report provides an in-depth analysis of the lard market in Hong Kong SAR, China.
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.
245
This report provides an in-depth analysis of the rendered pig fat market in Hong Kong SAR, China.
452
This report provides an in-depth analysis of the lard market in Hong Kong SAR, China.
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.
291
Imports of Lard experienced a decline from April 2023 to October 2023, with a notable decrease in value to $491K in October 2023.
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
291
Imports of Lard experienced a decline from April 2023 to October 2023, with a notable decrease in value to $491K in October 2023.
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
