Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Hong Kong SAR - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Hong Kong SAR (CIF) - 2022
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Hong Kong SAR (FOB) - 2022
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Hong Kong SAR
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Hong Kong SAR
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $4,932 per ton, with an increase of 4.7% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 18%. As a result, import price reached the peak level of $6,834 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
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 Japan ($11,389 per ton), while the price for China ($2,844 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%), 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 Hong Kong SAR (FOB) - 2022
The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $5,897 per ton in 2022, falling by -25.9% against the previous year. Overall, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 73% against the previous year. As a result, the export price attained the peak level of $7,959 per ton, and then shrank rapidly in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($5,924 per ton), while the average price for exports to Vietnam totaled $5,873 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+16.0%).
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Hong Kong SAR
In 2022, imports of poultry fat; other than that of heading 0209 or 1503 meat into Hong Kong SAR surged to 897 kg, jumping by 114% against 2021. Over the period under review, imports, however, saw a pronounced shrinkage.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat surged to $4.4K in 2022. Overall, imports, however, showed a abrupt downturn.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Hong Kong SAR (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 88.0 | 238 | 80.0 | 1,628 | 164.5% |
| United Kingdom | 68.0 | 375 | 178 | 410 | 82.0% |
| United States | 190 | 626 | 163 | 371 | 25.0% |
| Japan | 246 | 812 | 99.0 | 205 | -5.9% |
| China | 48.0 | 157 | 41.0 | 91.0 | 23.8% |
| Thailand | 40.0 | 138 | 38.0 | 90.0 | 31.0% |
| Israel | N/A | 458 | N/A | N/A | 0% |
| Others | 4,956 | 4,066 | 1,380 | 1,629 | -31.0% |
| Total | 5,636 | 6,870 | 1,979 | 4,424 | -7.8% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Hong Kong SAR in 2022:
- France (341.0 kg)
- United States (95.0 kg)
- United Kingdom (44.0 kg)
- China (32.0 kg)
- Thailand (25.0 kg)
- Japan (18.0 kg)
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in overseas shipments of poultry fat; other than that of heading 0209 or 1503 meat, when their volume increased by 29% to 281 kg. Overall, exports, however, showed a dramatic downturn.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat reduced slightly to $1.7K in 2022. The total export value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 8.8% against the previous year. As a result, the exports reached the peak of $1.7K, and then contracted in the following year.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.5 | 1.6 | 1.7 | 0.9 | -15.7% |
| United Kingdom | N/A | N/A | N/A | 0.8 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 1.6 | 1.7 | 1.7 | 4.3% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Hong Kong SAR in 2022:
- Vietnam (150.0 kg)
- United Kingdom (131.0 kg)
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