Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Norway - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Norway (CIF) - 2022
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Norway
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Norway (CIF) - 2022
The average import price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $2,511 per ton in 2022, picking up by 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2021 an increase of 16%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
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 Latvia ($5,000 per ton), while the price for Denmark stood at $2,453 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.9%).
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Norway
After three years of growth, purchases abroad of pig fat; not lard, other than that of heading 0209 or 1503s decreased by -57.8% to 1 tons in 2022. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 49%. As a result, imports attained the peak of 2.4 tons, and then fell notably in the following year.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s dropped notably to $2.5K in 2022. Over the period under review, imports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. As a result, imports reached the peak of $5.6K, and then contracted dramatically in the following year.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 2.8 | 2.8 | 5.2 | 2.4 | -5.0% |
| Latvia | N/A | N/A | N/A | 0.1 | 0% |
| Sweden | N/A | N/A | 0.4 | N/A | 0% |
| Brazil | N/A | 0.3 | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Total | 2.9 | 3.3 | 5.6 | 2.5 | -4.8% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Norway in 2022:
- Denmark (989.0 kg)
- Latvia (23.0 kg)
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