Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Indonesia - 2022
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Indonesia (CIF) - 2022
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Indonesia (FOB) - 2022
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Indonesia
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Indonesia
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Indonesia (CIF) - 2022
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,610 per ton in March 2022, rising by 2.5% against the previous month. In general, the import price, however, showed a mild shrinkage. The pace of growth was the most pronounced in May 2021 an increase of 40% against the previous month. As a result, import price reached the peak level of $1,871 per ton. From June 2021 to March 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was France ($1,688 per ton), while the price for the United States amounted to $1,600 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%).
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Indonesia (FOB) - 2022
The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $4,049 per ton in 2022, surging by 6.3% against the previous year. Overall, export price indicated a strong expansion from 2018 to 2022: its price increased at an average annual rate of +6.1% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for poultry fat; other than that of heading 0209 or 1503 meat decreased by -21.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 61% against the previous year. As a result, the export price reached the peak level of $5,141 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($4,240 per ton), while the average price for exports to Papua New Guinea ($2,065 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-5.5%).
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Indonesia
In 2022, after three years of growth, there was significant decline in overseas purchases of poultry fat; other than that of heading 0209 or 1503 meat, when their volume decreased by -31% to 1K tons. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 347,209% against the previous year.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat reduced to $2M in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 346,113%.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 1,748 | 0% |
| France | N/A | 122 | 882 | 212 | 31.8% |
| Germany | N/A | 30.8 | 182 | N/A | 490.9% |
| Others | N/A | 152 | 1,064 | N/A | 600.0% |
| Total | 0.1 | 305 | 2,128 | 1,960 | 2596.2% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Indonesia in 2022:
- United States (900.5 tons)
- France (124.8 tons)
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Indonesia
In 2022, the amount of poultry fat; other than that of heading 0209 or 1503 meat exported from Indonesia soared to 62 tons, increasing by 42% compared with the previous year's figure. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 120% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat surged to $252K in 2022. In general, exports showed a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 143%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 141 | 6.9 | 54.2 | 151 | 2.3% |
| South Korea | 70.2 | 48.8 | 99.2 | 98.6 | 12.0% |
| Papua New Guinea | N/A | N/A | N/A | 2.3 | 0% |
| Others | N/A | 12.7 | 12.8 | N/A | 0.8% |
| Total | 211 | 68.3 | 166 | 252 | 6.1% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Indonesia in 2022:
- Japan (35.5 tons)
- South Korea (25.5 tons)
- Papua New Guinea (1.1 tons)
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