Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Spain - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Spain (CIF) - 2024
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Spain (FOB) - 2024
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Spain
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Spain
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Spain (CIF) - 2024
In March 2024, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $903 per ton, waning by -6.1% against the previous month. In general, the import price recorded a slight downturn. The most prominent rate of growth was recorded in November 2023 an increase of 17% month-to-month. As a result, import price reached the peak level of $1,171 per ton. From December 2023 to March 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,544 per ton), while the price for Portugal ($174 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced a decline.
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Spain (FOB) - 2024
In March 2024, the average export price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $734 per ton, shrinking by -16% against the previous month. Overall, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in September 2023 an increase of 67% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,255 per ton in March 2023; however, from April 2023 to March 2024, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In March 2024, the country with the highest price was France ($777 per ton), while the average price for exports to Portugal totaled $643 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+19.2%), while the prices for the other major destinations experienced a decline.
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Spain
In 2022, overseas purchases of pig fat; not lard, other than that of heading 0209 or 1503s decreased by -9.7% to 14K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a mild slump. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports attained the peak of 18K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s expanded notably to $20M in 2022. In general, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 49%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.7 | 10.7 | 11.3 | 11.2 | 18.7% |
| Italy | 2.4 | 2.4 | 6.9 | 9.0 | 55.4% |
| Others | N/A | 0.4 | 0.3 | N/A | -25.0% |
| Total | 9.1 | 13.6 | 18.5 | 20.2 | 30.4% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Spain in 2022:
- France (8.1K tons)
- Italy (6.2K tons)
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Spain
In 2022, exports of pig fat; not lard, other than that of heading 0209 or 1503s from Spain fell markedly to 675 tons, with a decrease of -76.4% against the year before. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 476%. As a result, the exports reached the peak of 2.9K tons, and then dropped remarkably in the following year.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s contracted significantly to $1M in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 448%. As a result, the exports attained the peak of $3.9M, and then declined rapidly in the following year.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 340 | 357 | 93.4 | 370 | 2.9% |
| Germany | N/A | N/A | 596 | 337 | -43.5% |
| Chile | 55.1 | 279 | 392 | 190 | 51.1% |
| Italy | N/A | N/A | N/A | 100 | 0% |
| Portugal | 98.8 | 61.0 | 133 | 30.4 | -32.5% |
| Netherlands | N/A | N/A | 2,639 | N/A | 0% |
| Others | 39.3 | 7.5 | 2.1 | 1.5 | -66.3% |
| Total | 534 | 704 | 3,856 | 1,029 | 24.4% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from Spain in 2022:
- Uruguay (263.3 tons)
- Germany (241.2 tons)
- Italy (70.3 tons)
- Chile (65.2 tons)
- Portugal (34.7 tons)
394
This report provides an in-depth analysis of the rendered pig fat market in Spain.
684
This report provides an in-depth analysis of the lard market in Spain.
329
This report provides an in-depth analysis of the poultry fat market in Spain.
746
This report provides an in-depth analysis of the global rendered pig fat market.
2855
This report provides an in-depth analysis of the global lard market.
916
Global Poultry Fat Market Report 2018. This report provides an in-depth analysis of the global poultry fat market.
394
This report provides an in-depth analysis of the rendered pig fat market in Spain.
684
This report provides an in-depth analysis of the lard market in Spain.
746
This report provides an in-depth analysis of the global rendered pig fat market.
2855
This report provides an in-depth analysis of the global lard market.
745
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4143
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
4000
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2321
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
745
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4143
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
4000
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2321
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
