Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the United Arab Emirates - 2022
Contents:
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the United Arab Emirates (CIF) - 2022
- Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the United Arab Emirates (FOB) - 2022
- Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the United Arab Emirates
- Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the United Arab Emirates
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $661 per ton, rising by 1.6% against the previous year. In general, the import price recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 20% against the previous year. The import price peaked in 2022 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 France ($6,263 per ton), while the price for the United States totaled $492 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.0%).
Price for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the United Arab Emirates (FOB) - 2022
In 2020, the average export price for pig fat; not lard, other than that of heading 0209 or 1503s amounted to $3,200 per ton, jumping by 28% against the previous year. In general, the export price continues to indicate significant growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 178% against the previous year. The export price peaked in 2020 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2013 to 2020, the rate of growth in terms of prices for Iraq amounted to 0.0% per year.
Imports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the United Arab Emirates
In 2022, supplies from abroad of pig fat; not lard, other than that of heading 0209 or 1503s decreased by -84.7% to 8.6 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 80%. As a result, imports attained the peak of 57 tons, and then plummeted in the following year.
In value terms, imports of pig fat; not lard, other than that of heading 0209 or 1503s contracted notably to $5.7K in 2022. In general, imports recorded a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 116%. As a result, imports reached the peak of $37K, and then fell significantly in the following year.
| Import of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.5 | 17.0 | 36.8 | 4.1 | -29.1% |
| France | N/A | N/A | N/A | 1.0 | 0% |
| Others | N/A | N/A | N/A | 0.6 | 0% |
| Total | 11.6 | 17.0 | 36.8 | 5.7 | -21.1% |
Top Suppliers of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 to the United Arab Emirates in 2022:
- United States (8.4 tons)
- France (0.2 tons)
Exports of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the United Arab Emirates
In 2020, approx. 120 kg of pig fat; not lard, other than that of heading 0209 or 1503s were exported from the United Arab Emirates; shrinking by -17.2% against the previous year's figure. Over the period under review, exports faced a drastic downturn.
In value terms, exports of pig fat; not lard, other than that of heading 0209 or 1503s reached $384 in 2020. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 in the United Arab Emirates (USD) | |||
|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 |
| United States | N/A | 384 | 0% |
| Iraq | 363 | N/A | 0% |
| Others | N/A | N/A | 0% |
| Total | 363 | 384 | 5.8% |
Top Export Markets for Pig Fat; Not Lard, Other than That of Heading 0209 or 1503 from the United Arab Emirates in 2022:
- United States (120.0 kg)
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