Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Portugal - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Portugal (FOB) - 2022
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Portugal (CIF) - 2022
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Portugal
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Portugal
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Portugal (FOB) - 2022
The average export price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $509 per ton in 2022, surging by 9.2% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 103% against the previous year. The export price peaked at $808 per ton in 2020; however, from 2021 to 2022, 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 Denmark ($937 per ton), while the average price for exports to Spain totaled $489 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.9%).
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Portugal (CIF) - 2022
In 2022, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,751 per ton, surging by 66% against the previous year. Overall, the import price posted resilient growth. The pace of growth was the most pronounced in 2020 an increase of 70% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.
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 France ($4,021 per ton), while the price for Poland ($1,297 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Portugal
In 2022, approx. 5.5K tons of pig fat; not lard, other than that of heading 0209 or 1503s were exported from Portugal; waning by -13.3% on the previous year. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 787%. As a result, the exports reached the peak of 6.3K tons, and then dropped in the following year.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s reduced to $2.8M in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 412%. As a result, the exports reached the peak of $2.9M, and then dropped in the following year.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.6 | 0.5 | 2.9 | 2.6 | 63.0% |
| Denmark | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 0.6 | 0.6 | 2.9 | 2.8 | 67.1% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from Portugal in 2022:
- Spain (5.3K tons)
- Denmark (0.1K tons)
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Portugal
In 2022, imports of pig fat; not lard, other than that of heading 0209 or 1503s into Portugal dropped significantly to 333 tons, waning by -65.6% against the previous year's figure. Overall, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. As a result, imports attained the peak of 968 tons, and then shrank significantly in the following year.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s declined sharply to $583K in 2022. Over the period under review, imports saw a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports attained the peak of $1M, and then shrank notably in the following year.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 550 | 495 | 941 | 475 | -4.8% |
| France | 28.1 | 0.1 | 14.9 | 82.8 | 43.4% |
| Denmark | 13.6 | 11.6 | 33.0 | 15.6 | 4.7% |
| Poland | 7.2 | 17.4 | 5.9 | 9.3 | 8.9% |
| Others | 12.2 | 177 | 29.3 | N/A | 55.0% |
| Total | 611 | 701 | 1,025 | 583 | -1.6% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Portugal in 2022:
- Spain (296.4 tons)
- France (20.6 tons)
- Denmark (8.8 tons)
- Poland (7.2 tons)
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