Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Thailand - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Thailand (CIF) - 2022
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Thailand (FOB) - 2022
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Thailand
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Thailand
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Thailand (CIF) - 2022
In 2022, the average import price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $1,856 per ton, increasing by 34% against the previous year. Over the period under review, the import price, however, recorded a deep contraction. Over the period under review, average import prices attained the maximum at $4,189 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($3,282 per ton), while the price for the United States ($1,831 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Thailand (FOB) - 2022
The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $2,004 per ton in 2022, growing by 8.4% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 119% against the previous year. As a result, the export price attained the peak level of $2,492 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($1,983 per ton), while the average price for exports to Singapore totaled $1,953 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Thailand
In 2022, imports of poultry fat; other than that of heading 0209 or 1503 meat into Thailand amounted to 919 tons, surging by 4.3% compared with the previous year. Over the period under review, imports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. As a result, imports attained the peak of 1.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat surged to $1.7M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +26.4% 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 +101.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 59%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 684 | 800 | 1,068 | 1,589 | 32.4% |
| United States | N/A | 28.3 | 127 | 95.4 | 83.6% |
| France | 161 | 112 | 24.9 | 21.4 | -49.0% |
| Others | 0.4 | 402 | 0.8 | 0.1 | -37.0% |
| Total | 845 | 1,342 | 1,221 | 1,705 | 26.4% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Thailand in 2022:
- Australia (860.1 tons)
- United States (52.1 tons)
- France (6.5 tons)
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Thailand
In 2022, approx. 25 tons of poultry fat; other than that of heading 0209 or 1503 meat were exported from Thailand; with an increase of 40% against the year before. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 303%. The exports peaked 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 $50K in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 199%. Over the period under review, the exports of hit record highs 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 Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | 9.3 | 27.8 | 31.2 | 83.2% |
| Japan | 0.1 | 0.1 | 0.1 | 17.9 | 463.6% |
| Mayotte | N/A | N/A | 5.2 | N/A | 0% |
| Lao People's Democratic Republic | 5.1 | 1.7 | N/A | N/A | -66.7% |
| Others | 0.3 | N/A | 0.1 | 1.2 | 58.7% |
| Total | 5.5 | 11.1 | 33.1 | 50.3 | 109.1% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Thailand in 2022:
- Singapore (16.0 tons)
- Japan (9.0 tons)
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