Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Africa - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Africa (FOB) - 2022
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Africa (CIF) - 2022
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Africa
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Africa
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Africa (FOB) - 2022
The average export price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $1,573 per ton in 2022, growing by 21% against the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 121% against the previous year. As a result, the export price reached the peak level of $2,418 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($5,333 per ton), while the average price for exports to Lesotho ($500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+3.0%), while the prices for the other major destinations experienced a decline.
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Africa (CIF) - 2022
The average import price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $1,096 per ton in 2021, which is down by -72.6% against the previous year. In general, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 243% against the previous year. Over the period under review, average import prices attained the peak figure at $4,000 per ton in 2020, and then contracted notably in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($1,239 per ton), while the price for France stood at $951 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.5%), 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 South Africa
In 2022, after three years of growth, there was significant decline in overseas shipments of pig fat; not lard, other than that of heading 0209 or 1503s, when their volume decreased by -99.9% to 37 kg. In general, exports saw a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by 1,363% against the previous year. As a result, the exports attained the peak of 55 tons, and then declined rapidly in the following year.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s declined sharply to $66 in 2022. Over the period under review, exports saw a sharp downturn. The growth pace was the most rapid in 2021 when exports increased by 1,436% against the previous year. As a result, the exports reached the peak of $72K, and then fell sharply in the following year.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 0.1 | N/A | 1.1 | N/A | 231.7% |
| Namibia | 4.2 | 3.2 | 68.3 | N/A | 303.3% |
| Zimbabwe | N/A | N/A | N/A | N/A | 0% |
| Lesotho | N/A | 1.5 | 2.6 | N/A | 73.3% |
| Zambia | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.3 | 4.7 | 72.0 | 0.1 | -71.5% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from South Africa in 2022:
- Zimbabwe (32.0 kg)
- Zambia (3.0 kg)
- Lesotho (2.0 kg)
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Africa
Imports of pig fat; not lard, other than that of heading 0209 or 1503s into South Africa surged to 50 tons in 2021, increasing by 999,920% against the previous year's figure. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s surged to $55K in 2021. Over the period under review, imports showed significant growth. As a result, imports attained 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 South Africa (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| Spain | N/A | 31.0 | 0% |
| France | N/A | 23.8 | 0% |
| Others | N/A | 0.1 | 0% |
| Total | N/A | 54.8 | 0% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to South Africa in 2022:
- France (25.0 tons)
- Spain (25.0 tons)
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