Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Korea - 2022
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Korea (CIF) - 2022
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Korea (FOB) - 2022
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Korea
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Korea
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Korea (CIF) - 2022
In 2022, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,500 per ton, picking up by 128% against the previous year. In general, the import price recorded a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($899 per ton), while the price for Spain stood at $546 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.5%).
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Korea (FOB) - 2022
The average export price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $15,444 per ton in 2022, with a decrease of -12.4% against the previous year. Over the period under review, the export price, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 an increase of 120% against the previous year. As a result, the export price attained the peak level of $17,640 per ton, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to -12.4% per year.
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of pig fat; not lard, other than that of heading 0209 or 1503s, when their volume decreased by -32.9% to 3.9 tons. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 9,405%.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s dropped sharply to $3K in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 13,500%.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 1.7 | 3.1 | 2.4 | 18.8% |
| Spain | N/A | 0.2 | 0.7 | 0.7 | 87.1% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | N/A | 1.9 | 3.8 | 3.0 | 25.7% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to South Korea in 2022:
- United States (2.6 tons)
- Spain (1.2 tons)
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Korea
In 2022, approx. 18 kg of pig fat; not lard, other than that of heading 0209 or 1503s were exported from South Korea; which is down by -28% on 2021 figures. In general, exports saw a precipitous curtailment.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s fell markedly to $278 in 2022. Overall, exports showed a dramatic setback.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in South Korea (USD) | |||
|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 |
| France | 441 | 278 | -37.0% |
| Others | N/A | N/A | 0% |
| Total | 441 | 278 | -37.0% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from South Korea in 2022:
- France (18.0 kg)
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