Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the UK - 2024
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the UK (CIF) - 2024
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the UK (FOB) - 2022
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the UK
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the UK
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the UK (CIF) - 2024
In April 2024, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $1,429 per ton, reducing by -11.4% against the previous month. Overall, the import price showed a pronounced curtailment. The pace of growth was the most pronounced in March 2024 when the average import price increased by 12% m-o-m. Over the period under review, average import prices attained the maximum at $2,018 per ton in April 2023; however, from May 2023 to April 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Germany ($1,878 per ton), while the price for Sweden ($1,027 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Denmark (-2.4%), 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 UK (FOB) - 2022
In 2022, the average export price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $918 per ton, picking up by 11% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 191%. The export price peaked at $4,071 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($3,123 per ton), while the average price for exports to Italy stood at $819 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (-4.0%), 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 the UK
In 2022, imports of pig fat; not lard, other than that of heading 0209 or 1503s into the UK dropped dramatically to 4.3K tons, declining by -52.2% compared with the previous year's figure. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 89%. As a result, imports attained the peak of 9K tons, and then declined dramatically in the following year.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s shrank notably to $7.8M in 2022. Over the period under review, imports, however, saw a slight expansion. The growth pace was the most rapid in 2021 when imports increased by 79%. As a result, imports reached the peak of $13M, and then fell markedly in the following year.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 0.5 | 0.3 | 3.6 | 6.0 | 128.9% |
| Sweden | 0.6 | 0.6 | 1.7 | 1.3 | 29.4% |
| Germany | 0.9 | 2.2 | 0.6 | 0.3 | -30.7% |
| Poland | N/A | N/A | N/A | 0.2 | 0% |
| Belgium | N/A | 0.1 | 0.4 | N/A | 300.0% |
| Italy | 4.9 | 3.4 | 5.6 | N/A | 6.9% |
| Netherlands | 0.5 | 0.7 | 1.2 | N/A | 54.9% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 7.4 | 7.3 | 13.2 | 7.8 | 1.8% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to the UK in 2022:
- Denmark (3294.5 tons)
- Sweden (824.9 tons)
- Germany (89.7 tons)
- Poland (83.6 tons)
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the UK
In 2022, overseas shipments of pig fat; not lard, other than that of heading 0209 or 1503s decreased by -59.8% to 2.6 tons, falling for the second year in a row after two years of growth. Overall, exports saw a precipitous curtailment. The growth pace was the most rapid in 2020 when exports increased by 50% against the previous year. As a result, the exports attained the peak of 2.9K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s fell notably to $3.2K in 2022. Over the period under review, exports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 84%. As a result, the exports reached the peak of $2.1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 31.9 | 33.5 | 0.9 | 1.4 | -64.7% |
| Italy | N/A | N/A | 7.5 | 0.6 | -92.0% |
| Belgium | N/A | 62.6 | N/A | N/A | 0% |
| France | N/A | 109 | N/A | N/A | 0% |
| Denmark | 1,091 | 1,692 | N/A | N/A | 55.1% |
| Netherlands | N/A | 163 | N/A | N/A | 0% |
| Others | 37.2 | 73.5 | N/A | 1.2 | -68.2% |
| Total | 1,160 | 2,134 | 8.4 | 3.2 | -86.0% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from the UK in 2022:
- Italy (733.0 kg)
- Ireland (447.0 kg)
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