Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the United States - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the United States (FOB) - 2023
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the United States (CIF) - 2023
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in the United States
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in the United States
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the United States (FOB) - 2023
The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,179 per ton in December 2023, remaining stable against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 18% m-o-m. The export price peaked at $1,278 per ton in October 2023; however, from November 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($1,514 per ton), while the average price for exports to Haiti ($880 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the United States (CIF) - 2023
In December 2023, the average import price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $1,928 per ton, dropping by -5% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 30% against the previous month. Over the period under review, average import prices reached the peak figure at $2,204 per ton in March 2023; however, from April 2023 to December 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From December 2022 to December 2023, the rate of growth in terms of prices for Canada amounted to +0.6% per month.
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in the United States
In 2022, shipments abroad of poultry fat; other than that of heading 0209 or 1503 meat decreased by less than 0.1% to 17K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year. As a result, the exports reached the peak of 19K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat rose markedly to $20M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 38%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.8 | 6.5 | 7.2 | 8.1 | 6.0% |
| Peru | 1.7 | 2.9 | 3.4 | 4.3 | 36.3% |
| Guatemala | 1.0 | 2.4 | 3.3 | 3.5 | 51.8% |
| Mexico | 2.4 | 3.0 | 2.5 | 1.8 | -9.1% |
| Dominican Republic | 0.8 | 0.8 | 0.7 | 1.1 | 11.2% |
| Philippines | N/A | 0.1 | 0.3 | 0.4 | 100.0% |
| Chile | N/A | 1.2 | 0.6 | N/A | -50.0% |
| Others | 0.5 | 1.3 | 0.8 | 1.2 | 33.9% |
| Total | 13.2 | 18.2 | 18.7 | 20.3 | 15.4% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from the United States in 2022:
- Canada (5.4K tons)
- Peru (4.3K tons)
- Guatemala (3.6K tons)
- Mexico (1.5K tons)
- Dominican Republic (1.1K tons)
- Philippines (0.3K tons)
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in the United States
In 2022, supplies from abroad of poultry fat; other than that of heading 0209 or 1503 meat was finally on the rise to reach 3K tons after two years of decline. In general, imports, however, showed a deep setback.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat skyrocketed to $5.2M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.2 | 1.4 | 1.7 | 5.1 | 32.3% |
| France | 0.5 | 0.3 | 0.1 | N/A | -55.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.7 | 1.7 | 1.7 | 5.2 | 24.4% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to the United States in 2022:
- Canada (3.0K tons)
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