Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Denmark - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Denmark (FOB) - 2023
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Denmark (CIF) - 2023
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Denmark
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Denmark
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Denmark (FOB) - 2023
The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,056 per ton in September 2023, rising by 6.4% against the previous month. In general, the export price, however, continues to indicate a perceptible shrinkage. The export price peaked at $1,502 per ton in December 2022; however, from January 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In September 2023, the country with the highest price was Germany ($1,095 per ton), while the average price for exports to Belgium ($1,029 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-2.4%), while the prices for the other major destinations experienced a decline.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Denmark (CIF) - 2023
In September 2023, the average import price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $527 per ton, rising by 18% against the previous month. Over the period under review, the import price, however, faced a abrupt contraction. Over the period under review, average import prices hit record highs at $2,104 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,350 per ton), while the price for the Netherlands totaled $350 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Denmark
In 2022, overseas shipments of poultry fat; other than that of heading 0209 or 1503 meat decreased by -1.3% to 11K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 28,664%.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat surged to $16M in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 5,540%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 0.6 | 6.6 | 8.7 | 280.8% |
| Netherlands | N/A | 0.8 | 5.3 | 7.0 | 195.8% |
| Czech Republic | N/A | N/A | N/A | 0.6 | 0% |
| Others | N/A | 0.3 | 1.1 | 0.2 | -18.4% |
| Total | N/A | 1.6 | 13.0 | 16.5 | 221.1% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Denmark in 2022:
- Germany (5.9K tons)
- Netherlands (4.8K tons)
- Czech Republic (0.3K tons)
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Denmark
In 2022, approx. 856 tons of poultry fat; other than that of heading 0209 or 1503 meat were imported into Denmark; remaining relatively unchanged against the previous year. Overall, imports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 33%. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat surged to $1.4M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 40%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 744 | 1,014 | 923 | 1,226 | 18.1% |
| France | 77.6 | 73.3 | 138 | 78.2 | 0.3% |
| Italy | N/A | N/A | 23.3 | 20.7 | -11.2% |
| Norway | N/A | N/A | N/A | 12.0 | 0% |
| Others | 29.3 | 106 | 70.1 | 41.5 | 12.3% |
| Total | 851 | 1,193 | 1,154 | 1,378 | 17.4% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Denmark in 2022:
- Germany (777.6 tons)
- Italy (28.5 tons)
- Norway (22.5 tons)
- France (17.1 tons)
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