Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Slovenia - 2023
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Slovenia (FOB) - 2023
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Slovenia (CIF) - 2023
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Slovenia
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Slovenia
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Slovenia (FOB) - 2023
In November 2023, the average export price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,811 per ton, approximately reflecting the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 7.1% m-o-m. The export price peaked at $1,858 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Serbia.
From November 2022 to November 2023, the rate of growth in terms of prices for Serbia amounted to -0.1% per month.
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Slovenia (CIF) - 2023
In December 2023, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,451 per ton, surging by 2.8% against the previous month. In general, the import price, however, showed a pronounced decrease. The pace of growth was the most pronounced in February 2023 an increase of 10% against the previous month. The import price peaked at $2,041 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Hungary ($7,661 per ton), while the price for Italy ($1,446 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Slovenia
In 2022, approx. 1.3K tons of pig fat; not lard, other than that of heading 0209 or 1503s were exported from Slovenia; growing by 8,163% compared with 2021 figures. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s skyrocketed to $2.4M in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | N/A | N/A | N/A | 2,341 | 0% |
| Croatia | 13.6 | 16.9 | 13.8 | 4.5 | -30.8% |
| Germany | N/A | 103 | N/A | N/A | 0% |
| Others | 0.6 | 5.5 | 7.1 | 7.9 | 136.1% |
| Total | 14.2 | 125 | 20.8 | 2,353 | 449.3% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from Slovenia in 2022:
- Serbia (1268.9 tons)
- Croatia (3.1 tons)
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Slovenia
In 2022, purchases abroad of pig fat; not lard, other than that of heading 0209 or 1503s decreased by -39.9% to 119 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 90%. As a result, imports attained the peak of 197 tons, and then dropped dramatically in the following year.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s contracted to $182K in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 60% against the previous year. As a result, imports attained the peak of $193K, and then shrank in the following year.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 47.2 | 78.4 | 172 | 123 | 37.6% |
| Austria | 40.2 | 10.1 | 19.0 | 56.6 | 12.1% |
| Hungary | 9.8 | 28.2 | 0.6 | 0.7 | -58.5% |
| Others | 0.1 | 3.7 | 1.1 | 2.6 | 196.2% |
| Total | 97.3 | 120 | 193 | 182 | 23.2% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Slovenia in 2022:
- Germany (83.1 tons)
- Austria (33.2 tons)
- Hungary (0.5 tons)
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