Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Singapore - 2022
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Singapore (CIF) - 2022
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Singapore
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Singapore (CIF) - 2022
The average import price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $1,339 per ton in 2022, picking up by 29% against the previous year. Overall, the import price saw a significant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 67% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +20.7% per year.
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Singapore
In 2022, purchases abroad of pig fat; not lard, other than that of heading 0209 or 1503s decreased by -79.4% to 57K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a dramatic shrinkage. The growth pace was the most rapid in 2020 when imports increased by 64%. As a result, imports attained the peak of 301K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s contracted notably to $76M in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 60%.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 117 | 186 | 286 | 76.3 | -13.3% |
| Others | N/A | 1.1 | 2.3 | 0.1 | -69.8% |
| Total | 117 | 187 | 288 | 76.4 | -13.2% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Singapore in 2022:
- United States (57.0K tons)
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