Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in New Zealand - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in New Zealand (CIF) - 2022
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in New Zealand
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in New Zealand (CIF) - 2022
In 2022, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,439 per ton, shrinking by -10.3% against the previous year. Over the last four years, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2019 an increase of 31% against the previous year. The import price peaked at $1,879 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($1,836 per ton), while the price for Germany ($1,267 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in New Zealand
In 2022, approx. 310 tons of pig fat; not lard, other than that of heading 0209 or 1503s were imported into New Zealand; picking up by 13% compared with 2021 figures. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.3% 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 decreased by -5.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 104% against the previous year. As a result, imports attained the peak of 329 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 reached $446K in 2022. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 129% against the previous year. As a result, imports attained the peak of $618K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 39.7 | 144 | 337 | 294 | 94.9% |
| Sweden | 175 | 147 | 23.2 | 101 | -16.7% |
| Germany | N/A | 81.7 | 35.5 | 49.1 | -22.5% |
| Spain | N/A | 28.9 | 42.5 | N/A | 47.1% |
| United States | N/A | 185 | N/A | N/A | 0% |
| Finland | 55.1 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | 31.8 | 1.4 | N/A | -95.6% |
| Others | N/A | N/A | N/A | 2.1 | 0% |
| Total | 270 | 618 | 440 | 446 | 18.2% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to New Zealand in 2022:
- Poland (216.3 tons)
- Sweden (54.8 tons)
- Germany (38.7 tons)
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