Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Serbia - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Serbia (CIF) - 2023
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Serbia
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Serbia (CIF) - 2023
In November 2023, the average import price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $1,082 per ton, growing by 2.3% against the previous month. Over the period under review, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 8.1% against the previous month. Over the period under review, average import prices hit record highs at $1,435 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($1,110 per ton), while the price for Bosnia and Herzegovina totaled $672 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (-1.4%).
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Serbia
After three years of growth, overseas purchases of poultry fat; other than that of heading 0209 or 1503 meat decreased by -2% to 3K tons in 2022. The total import volume increased at an average annual rate of +13.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 44% against the previous year.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat skyrocketed to $4.2M in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 57%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 769 | 1,211 | 2,122 | 3,746 | 69.5% |
| Bosnia and Herzegovina | N/A | 120 | 104 | 293 | 56.3% |
| Malaysia | N/A | 18.7 | 29.3 | 93.7 | 123.8% |
| Others | 733 | 1,015 | 1,331 | 77.3 | -52.8% |
| Total | 1,502 | 2,364 | 3,586 | 4,210 | 41.0% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Serbia in 2022:
- Italy (2391.0 tons)
- Bosnia and Herzegovina (463.8 tons)
- Malaysia (66.6 tons)
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