Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Portugal - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Portugal (FOB) - 2023
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Portugal (CIF) - 2023
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Portugal
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Portugal
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Portugal (FOB) - 2023
The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,165 per ton in October 2023, picking up by 7.7% against the previous month. Over the period under review, the export price, however, recorded a slight decrease. The growth pace was the most rapid in November 2022 when the average export price increased by 127% against the previous month. The export price peaked at $4,818 per ton in March 2023; however, from April 2023 to October 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to -1.5% per month.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Portugal (CIF) - 2023
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,254 per ton in October 2023, increasing by 5.7% against the previous month. Overall, the import price, however, showed a mild contraction. The pace of growth was the most pronounced in December 2022 when the average import price increased by 6% against the previous month. As a result, import price attained the peak level of $1,625 per ton. From January 2023 to October 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From October 2022 to October 2023, the rate of growth in terms of prices for the Netherlands amounted to -0.8% per month.
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Portugal
In 2022, the amount of poultry fat; other than that of heading 0209 or 1503 meat exported from Portugal expanded markedly to 1.1K tons, increasing by 5.9% against 2021 figures. In general, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 91% against the previous year. As a result, the exports attained the peak of 3.6K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat soared to $1.5M in 2022. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 130%. As a result, the exports reached the peak of $2.5M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.0 | 2.5 | 1.0 | 1.5 | 14.5% |
| Netherlands | 0.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 2.5 | 1.0 | 1.5 | 10.9% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Portugal in 2022:
- Spain (1063.8 tons)
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Portugal
In 2022, after three years of growth, there was significant decline in supplies from abroad of poultry fat; other than that of heading 0209 or 1503 meat, when their volume decreased by -31% to 882 tons. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of 1.3K tons, and then dropped significantly in the following year.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat dropped rapidly to $1.4M in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 140% against the previous year. As a result, imports reached the peak of $1.7M, and then reduced sharply in the following year.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 472 | 659 | 1,424 | 1,395 | 43.5% |
| Netherlands | N/A | N/A | 247 | N/A | 0% |
| Others | 38.2 | 39.2 | 5.7 | 4.1 | -52.5% |
| Total | 510 | 698 | 1,676 | 1,399 | 40.0% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Portugal in 2022:
- Spain (881.6 tons)
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