Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Panama - 2022
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Panama (CIF) - 2022
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Panama
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Panama (CIF) - 2022
In 2022, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $5,214 per ton, picking up by 127% against the previous year. In general, the import price posted a significant expansion. The import price peaked at $6,400 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +40.3% per year.
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Panama
In 2022, approx. 126 kg of pig fat; not lard, other than that of heading 0209 or 1503s were imported into Panama; growing by 30% compared with the year before. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 126% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s skyrocketed to $365 in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.6% 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 +66.7% 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 Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2.0 | 288 | 223 | 365 | 467.2% |
| Canada | 217 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 219 | 288 | 223 | 365 | 18.6% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Panama in 2022:
- Brazil (126.0 kg)
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