Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Lithuania - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Lithuania (CIF) - 2022
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Lithuania (FOB) - 2022
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Lithuania
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Lithuania
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Lithuania (CIF) - 2022
In 2022, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,546 per ton, increasing by 46% against the previous year. Overall, the import price showed notable growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 63%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,546 per ton), while the price for Poland stood at $1,495 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Lithuania (FOB) - 2022
In 2020, the average export price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $671 per ton, growing by 30% against the previous year. Overall, the export price, however, continues to indicate a perceptible shrinkage. The export price peaked at $5,000 per ton in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($4,423 per ton), while the average price for exports to Poland stood at $342 per ton.
From 2014 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+18.0%), while the prices for the other major destinations experienced a decline.
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Lithuania
In 2022, imports of pig fat; not lard, other than that of heading 0209 or 1503s into Lithuania declined rapidly to 23 tons, dropping by -82.5% compared with the previous year. In general, imports faced a sharp decrease. The smallest decline of -58% was in 2021.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s contracted rapidly to $35K in 2022. Overall, imports recorded a precipitous descent. The smallest decline of -33.8% was in 2021.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Lithuania (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Germany | N/A | 33.4 | 35.2 | 5.4% |
| Poland | 185 | 83.4 | 0.2 | -96.7% |
| Russia | 24.1 | N/A | N/A | 0% |
| Ukraine | N/A | 21.3 | N/A | 0% |
| Others | N/A | N/A | N/A | 0% |
| Total | 209 | 138 | 35.3 | -58.9% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Lithuania in 2022:
- Germany (22.7 tons)
- Poland (0.1 tons)
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Lithuania
In 2020, the amount of pig fat; not lard, other than that of heading 0209 or 1503s exported from Lithuania shrank markedly to 46 tons, with a decrease of -76.4% against the year before. In general, exports faced a dramatic descent.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s contracted sharply to $31K in 2020. Over the period under review, exports showed a sharp setback.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Lithuania (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 |
| United Kingdom | 87.9 | 16.2 | -81.6% |
| Poland | 71.3 | 14.3 | -79.9% |
| Others | 0.1 | 0.1 | 0.0% |
| Total | 159 | 30.6 | -80.8% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from Lithuania in 2022:
- Poland (41.7 tons)
- United Kingdom (3.7 tons)
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