Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Switzerland - 2024

Contents:

  1. Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Switzerland (CIF) - 2022
  2. Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Switzerland

Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Switzerland (CIF) - 2022

The average import price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $1,548 per ton in 2022, growing by 34% against the previous year. Overall, the import price, however, showed a drastic downturn. The growth pace was the most rapid in 2017 an increase of 181%. The import price peaked at $3,926 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($1,651 per ton), while the price for Italy ($1,425 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.1%), while the prices for the other major suppliers experienced a decline.

Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Switzerland

After three years of growth, overseas purchases of pig fat; not lard, other than that of heading 0209 or 1503s decreased by -34.3% to 657 tons in 2022. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 355%. As a result, imports reached the peak of 999 tons, and then reduced remarkably in the following year.

In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s fell to $1M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 423%. As a result, imports reached the peak of $1.2M, and then contracted in the following year.

Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in Switzerland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany35.3109701788181.6%
France1561064481998.5%
ItalyN/AN/A0.825.13037.5%
Others1.66.18.24.440.1%
Total1932221,1571,01774.0%

Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to Switzerland in 2022:

  1. Germany (517.9 tons)
  2. France (120.3 tons)
  3. Italy (17.6 tons)

Source: IndexBox Market Intelligence Platform

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