Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Germany - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Germany (FOB) - 2023
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Germany (CIF) - 2023
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Germany
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Germany
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Germany (FOB) - 2023
In October 2023, the average export price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $1,571 per ton, growing by 38% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In October 2023, the country with the highest price was the UK ($1,758 per ton), while the average price for exports to Malaysia ($1,406 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 Indonesia (+1.0%), while the prices for the other major destinations experienced a decline.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Germany (CIF) - 2023
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $929 per ton in October 2023, reducing by -8% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 91% m-o-m. As a result, import price attained the peak level of $1,604 per ton. From December 2022 to October 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Norway.
From October 2022 to October 2023, the rate of growth in terms of prices for the Netherlands amounted to +6.0% per month.
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Germany
In 2022, overseas shipments of poultry fat; other than that of heading 0209 or 1503 meat were finally on the rise to reach 65K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a perceptible reduction.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat soared to $101M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 32.9 | 33.7 | 42.5 | 71.6 | 29.6% |
| France | 4.6 | 6.4 | 10.0 | 7.5 | 17.7% |
| Czech Republic | 2.3 | 3.5 | 5.9 | 5.8 | 36.1% |
| Italy | 3.1 | 2.8 | 4.2 | 4.7 | 14.9% |
| Austria | 0.9 | 1.1 | 1.6 | 2.0 | 30.5% |
| United Kingdom | 4.2 | 4.7 | 0.9 | 1.7 | -26.0% |
| Belgium | 0.5 | 1.9 | 1.4 | 1.6 | 47.4% |
| Denmark | 1.4 | 0.7 | 0.9 | 1.0 | -10.6% |
| Lithuania | 1.1 | 1.3 | 0.7 | 0.5 | -23.1% |
| Others | 1.0 | 1.1 | 2.1 | 4.2 | 61.3% |
| Total | 51.9 | 57.2 | 70.3 | 101 | 24.8% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Germany in 2022:
- Netherlands (47.5K tons)
- France (4.5K tons)
- Czech Republic (3.6K tons)
- Italy (2.7K tons)
- Austria (1.2K tons)
- Belgium (1.0K tons)
- United Kingdom (0.9K tons)
- Denmark (0.6K tons)
- Lithuania (0.3K tons)
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Germany
In 2022, imports of poultry fat; other than that of heading 0209 or 1503 meat into Germany skyrocketed to 26K tons, picking up by 21% against 2021 figures. The total import volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 21%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat skyrocketed to $30M in 2022. Overall, imports recorded a significant expansion. 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 Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.0 | 1.8 | 3.0 | 10.6 | 74.4% |
| Netherlands | 3.0 | 4.7 | 5.2 | 8.2 | 39.8% |
| Denmark | 2.3 | 3.6 | 6.5 | 4.7 | 26.9% |
| Austria | 0.7 | 1.1 | 0.5 | 1.8 | 37.0% |
| Belgium | 0.3 | 0.3 | 1.1 | 1.6 | 74.7% |
| France | 1.3 | 1.0 | 1.5 | 1.2 | -2.6% |
| Italy | 0.5 | 1.4 | 0.4 | 0.3 | -15.7% |
| Others | 1.2 | 0.3 | 1.2 | 1.4 | 5.3% |
| Total | 11.5 | 14.0 | 19.3 | 29.8 | 37.4% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Germany in 2022:
- Netherlands (9.1K tons)
- Poland (6.8K tons)
- Denmark (5.9K tons)
- Austria (1.1K tons)
- Belgium (1.0K tons)
- Italy (0.8K tons)
- France (0.5K tons)
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