Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the Netherlands - 2023
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the Netherlands (CIF) - 2023
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the Netherlands (FOB) - 2023
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the Netherlands
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the Netherlands
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the Netherlands (CIF) - 2023
In December 2023, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,216 per ton, with a decrease of -1.5% against the previous month. Over the period under review, the import price saw a mild decline. The growth pace was the most rapid in October 2023 when the average import price increased by 17% month-to-month. Over the period under review, average import prices reached the maximum at $1,473 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Spain ($1,510 per ton) and France ($1,366 per ton), while the price for Poland ($1,130 per ton) and Germany ($1,182 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+0.1%), 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 the Netherlands (FOB) - 2023
The average export price for pig fat; not lard, other than that of heading 0209 or 1503s stood at $1,089 per ton in December 2023, increasing by 3.5% against the previous month. In general, the export price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in April 2023 an increase of 153% m-o-m. As a result, the export price attained the peak level of $3,013 per ton. From May 2023 to December 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bulgaria ($1,751 per ton), while the average price for exports to the Czech Republic ($699 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the Netherlands
For the fourth year in a row, the Netherlands recorded growth in overseas purchases of pig fat; not lard, other than that of heading 0209 or 1503s, which increased by 221% to 43K tons in 2022. In general, imports showed 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 skyrocketed to $64M in 2022. Over the period under review, imports saw a significant increase. 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 the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.7 | 0.6 | 4.2 | 24.7 | 228.0% |
| Germany | 0.8 | 4.3 | 7.7 | 19.6 | 190.4% |
| Poland | 0.1 | N/A | 0.2 | 7.4 | 319.8% |
| France | 0.2 | 0.5 | 0.6 | 6.9 | 225.5% |
| Ireland | N/A | N/A | 0.6 | 3.5 | 483.3% |
| Denmark | 1.7 | 0.7 | 1.6 | 1.4 | -6.3% |
| Sweden | N/A | 0.7 | N/A | N/A | 0% |
| Others | 0.3 | 0.4 | 0.2 | 0.3 | 0.0% |
| Total | 3.7 | 7.2 | 15.1 | 63.8 | 158.3% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to the Netherlands in 2022:
- Belgium (16.8K tons)
- Germany (13.6K tons)
- France (4.8K tons)
- Poland (4.5K tons)
- Ireland (2.3K tons)
- Denmark (0.9K tons)
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the Netherlands
In 2022, shipments abroad of pig fat; not lard, other than that of heading 0209 or 1503s decreased by -29.9% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 51% against the previous year. As a result, the exports reached the peak of 2.7K tons, and then contracted notably in the following year.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s dropped markedly to $2.7M in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 100% against the previous year. As a result, the exports attained the peak of $3.2M, and then shrank sharply in the following year.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 527 | 281 | 1,147 | 2,359 | 64.8% |
| Czech Republic | N/A | 41.5 | 501 | 155 | 93.3% |
| Germany | 6.6 | 12.0 | 300 | 84.9 | 134.3% |
| United Kingdom | 362 | 662 | 815 | 62.7 | -44.3% |
| France | 18.8 | 464 | 466 | 3.9 | -40.8% |
| Denmark | 228 | 99.6 | N/A | 1.0 | -83.6% |
| Others | 80.2 | 58.8 | 5.2 | 15.0 | -42.8% |
| Total | 1,223 | 1,619 | 3,234 | 2,681 | 29.9% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from the Netherlands in 2022:
- Belgium (1600.9 tons)
- Czech Republic (130.3 tons)
- Germany (73.8 tons)
- United Kingdom (45.4 tons)
- France (5.7 tons)
- Denmark (1.5 tons)
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