Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the UK - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the UK (CIF) - 2023
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the UK (FOB) - 2023
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in the UK
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in the UK
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the UK (CIF) - 2023
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $3,868 per ton in November 2023, with an increase of 4.1% against the previous month. Over the period under review, the import price, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 32% against the previous month. The import price peaked at $5,724 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat 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 Poland ($5,813 per ton), while the price for Germany ($1,463 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the UK (FOB) - 2023
The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,065 per ton in November 2023, falling by -2.3% against the previous month. In general, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in October 2023 an increase of 11% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,423 per ton in March 2023; however, from April 2023 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In November 2023, the country with the highest price was Ireland ($1,302 per ton), while the average price for exports to the Netherlands amounted to $1,051 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-0.6%), while the prices for the other major destinations experienced a decline.
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in the UK
In 2022, imports of poultry fat; other than that of heading 0209 or 1503 meat into the UK shrank to 4.2K tons, with a decrease of -7.9% compared with the previous year. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat skyrocketed to $15M in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 55%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1.9 | 3.8 | 5.8 | 8.3 | 63.5% |
| Germany | 3.3 | N/A | 3.2 | 3.4 | 1.0% |
| France | 0.5 | 0.7 | 1.0 | 1.5 | 44.2% |
| Netherlands | 2.0 | 1.3 | 0.8 | 0.8 | -26.3% |
| Hungary | N/A | N/A | N/A | 0.5 | 0% |
| Sweden | 0.2 | 1.4 | 0.3 | 0.2 | 0.0% |
| Denmark | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Total | 8.5 | 7.3 | 11.3 | 15.2 | 21.4% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to the UK in 2022:
- Germany (1785.3 tons)
- Poland (1148.2 tons)
- Netherlands (472.8 tons)
- France (314.6 tons)
- Hungary (265.5 tons)
- Sweden (74.2 tons)
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in the UK
In 2022, shipments abroad of poultry fat; other than that of heading 0209 or 1503 meat decreased by -67.3% to 8.5K tons, falling for the second consecutive year after two years of growth. Overall, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. As a result, the exports reached the peak of 33K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat fell notably to $11M in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | 4.4 | 8.9 | 102.3% |
| Netherlands | 12.0 | 21.5 | 25.6 | 1.1 | -54.9% |
| Ireland | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Others | 1.4 | 0.5 | 0.8 | 0.1 | -58.5% |
| Total | 13.5 | 22.1 | 30.9 | 10.8 | -7.2% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from the UK in 2022:
- Belgium (7.2K tons)
- Netherlands (0.9K tons)
- Ireland (0.4K tons)
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