Price for Poultry Fat; Other than That of Heading 0209 or 1503 in France - 2023

Contents:

  1. Price for Poultry Fat; Other than That of Heading 0209 or 1503 in France (FOB) - 2023
  2. Price for Poultry Fat; Other than That of Heading 0209 or 1503 in France (CIF) - 2023
  3. Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in France
  4. Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in France

Price for Poultry Fat; Other than That of Heading 0209 or 1503 in France (FOB) - 2023

In October 2023, the average export price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $3,334 per ton, with an increase of 156% against the previous month. Overall, the export price recorded prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was the UK ($5,723 per ton), while the average price for exports to South Africa ($1,560 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.0%), 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 France (CIF) - 2023

In August 2023, the average import price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $1,511 per ton, falling by -5.7% against the previous month. Overall, the import price continues to indicate a mild descent. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 26% against the previous month. The import price peaked at $2,371 per ton in October 2022; however, from November 2022 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($15,795 per ton), while the price for Germany ($1,058 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+22.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in France

In 2022, approx. 29K tons of poultry fat; other than that of heading 0209 or 1503 meat were exported from France; which is down by -19.9% against 2021 figures. Overall, exports continue to indicate a abrupt slump. The smallest decline of -12.2% was in 2020.

In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat rose slightly to $48M in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Export of Poultry Fat; Other than That of Heading 0209 or 1503 in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain23.525.021.619.7-5.7%
Netherlands6.66.612.514.229.1%
South Africa1.21.01.62.629.4%
Italy0.40.91.81.865.1%
Japan2.01.31.21.4-11.2%
Germany1.50.91.31.2-7.2%
Others6.66.37.27.54.4%
Total41.842.147.148.45.0%

Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from France in 2022:

  1. Spain (12.9K tons)
  2. Netherlands (9.7K tons)
  3. South Africa (1.7K tons)
  4. Italy (1.1K tons)
  5. Japan (0.7K tons)
  6. Germany (0.4K tons)

Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in France

In 2022, the amount of poultry fat; other than that of heading 0209 or 1503 meat imported into France skyrocketed to 23K tons, jumping by 53% compared with 2021. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 138% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat soared to $44M in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 218%. Over the period under review, imports of hit record highs 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 France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
SpainN/AN/A1.810.6488.9%
Poland1.61.92.610.486.6%
Netherlands0.81.14.17.5110.9%
Ireland1.01.52.33.653.3%
Hungary1.61.12.73.124.7%
Bulgaria0.30.31.22.6105.4%
Belgium0.40.40.42.584.2%
United KingdomN/A0.10.51.5287.3%
ItalyN/AN/A4.01.0-75.0%
Germany0.30.10.91.049.4%
Others0.1N/A0.50.10.0%
Total6.26.621.144.092.2%

Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to France in 2022:

  1. Spain (6.6K tons)
  2. Netherlands (4.6K tons)
  3. Poland (4.2K tons)
  4. Ireland (2.9K tons)
  5. Belgium (1.4K tons)
  6. United Kingdom (1.2K tons)
  7. Italy (0.7K tons)
  8. Hungary (0.7K tons)
  9. Bulgaria (0.5K tons)
  10. Germany (0.3K tons)

Source: IndexBox Market Intelligence Platform

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