Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hungary - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hungary (CIF) - 2022
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hungary (FOB) - 2022
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hungary
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hungary
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hungary (CIF) - 2022
In 2022, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,938 per ton, growing by 46% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pig fat; not lard, other than that of heading 0209 or 1503s increased by +71.5% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6,271 per ton), while the price for Slovakia ($1,855 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hungary (FOB) - 2022
In 2022, the average export price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,820 per ton, growing by 22% against the previous year. In general, the export price posted a strong expansion. The growth pace was the most rapid in 2019 an increase of 95% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($2,852 per ton), while the average price for exports to Slovakia ($1,256 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hungary
In 2022, purchases abroad of pig fat; not lard, other than that of heading 0209 or 1503s decreased by -5.2% to 819 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 17%. As a result, imports reached the peak of 889 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s surged to $1.6M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.8% against 2019 indices. 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 Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 710 | 993 | 1,046 | 1,328 | 23.2% |
| Poland | N/A | 45.6 | 34.3 | 193 | 105.7% |
| Austria | 75.9 | 19.9 | N/A | N/A | -73.8% |
| Others | 73.1 | 62.1 | 65.1 | 66.2 | -3.3% |
| Total | 859 | 1,121 | 1,146 | 1,587 | 22.7% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Hungary in 2022:
- Slovakia (715.6 tons)
- Poland (92.4 tons)
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hungary
In 2022, exports of pig fat; not lard, other than that of heading 0209 or 1503s from Hungary soared to 135 tons, growing by 24% against the year before. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 74% against the previous year. As a result, the exports reached the peak of 150 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s surged to $230K in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 64% against the previous year. As a result, the exports attained the peak of $230K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 83.8 | 111 | 114 | 179 | 28.8% |
| Slovakia | 9.3 | 8.1 | 10.1 | 23.6 | 36.4% |
| Czech Republic | 0.5 | 1.5 | 1.6 | 13.4 | 199.3% |
| United Kingdom | 9.7 | 15.6 | 8.9 | 7.2 | -9.5% |
| Germany | 0.1 | 93.5 | 22.3 | 1.8 | 162.1% |
| Slovenia | 36.3 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 1.0 | 4.5 | 5.4 | 97.6% |
| Total | 140 | 230 | 162 | 230 | 18.0% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from Hungary in 2022:
- Romania (105.7 tons)
- Slovakia (18.8 tons)
- Czech Republic (4.7 tons)
- United Kingdom (2.9 tons)
- Germany (0.8 tons)
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