Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Hungary - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Hungary (FOB) - 2023
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Hungary (CIF) - 2022
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Hungary
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Hungary
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Hungary (FOB) - 2023
In October 2023, the average export price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $4,666 per ton, rising by 25% against the previous month. Overall, export price indicated noticeable growth from October 2022 to October 2023: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for poultry fat; other than that of heading 0209 or 1503 meat increased by +25.5% against September 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 99.9% m-o-m. Over the period under review, the average export prices attained the peak figure at $5,706 per ton in February 2023; however, from March 2023 to October 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In October 2023, the country with the highest price was Moldova ($4,866 per ton), while the average price for exports to the UK amounted to $4,622 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.5%), while the prices for the other major destinations experienced a decline.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Hungary (CIF) - 2022
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,515 per ton in 2022, shrinking by -31% against the previous year. Overall, the import price, however, showed a buoyant increase. The growth pace was the most rapid in 2015 an increase of 153%. Over the period under review, average import prices hit record highs at $2,459 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($3,214 per ton), while the price for Ukraine ($1,022 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Hungary
In 2022, exports of poultry fat; other than that of heading 0209 or 1503 meat from Hungary reduced to 1.4K tons, dropping by -10.3% on 2021 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 35%. As a result, the exports attained the peak of 1.6K tons, and then fell in the following year.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat surged to $5.9M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 186% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,333 | 1,169 | 3,184 | 3,463 | 37.5% |
| Belgium | 149 | 110 | 528 | 810 | 75.8% |
| United Kingdom | 4.9 | 14.9 | 563 | 548 | 381.8% |
| Romania | 41.0 | 276 | 278 | 385 | 111.0% |
| Germany | 595 | 88.9 | 234 | 207 | -29.7% |
| Czech Republic | 16.8 | 1.1 | 14.2 | 202 | 129.1% |
| Slovakia | 8.2 | 19.6 | 25.0 | 118 | 143.2% |
| Others | 84.5 | 43.4 | 100 | 216 | 36.7% |
| Total | 2,232 | 1,723 | 4,927 | 5,948 | 38.6% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Hungary in 2022:
- France (723.9 tons)
- Belgium (213.1 tons)
- Czech Republic (146.3 tons)
- United Kingdom (104.0 tons)
- Romania (85.3 tons)
- Slovakia (60.4 tons)
- Germany (39.0 tons)
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Hungary
In 2022, after two years of decline, there was significant growth in purchases abroad of poultry fat; other than that of heading 0209 or 1503 meat, when their volume increased by 901% to 828 tons. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat skyrocketed to $1.3M in 2022. In general, imports continue to indicate significant growth. As a result, imports attained 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 Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.7 | N/A | N/A | 493 | 789.7% |
| Ukraine | N/A | N/A | N/A | 412 | 0% |
| France | 154 | 113 | 94.1 | 241 | 16.1% |
| Belgium | N/A | 12.4 | 41.1 | 97.9 | 181.0% |
| Spain | 48.7 | 0.9 | 41.9 | 1.2 | -70.9% |
| Poland | N/A | 23.9 | N/A | N/A | 0% |
| Others | 24.6 | 15.3 | 4.7 | 9.3 | -27.7% |
| Total | 228 | 166 | 182 | 1,255 | 76.6% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Hungary in 2022:
- Ukraine (403.1 tons)
- Germany (263.9 tons)
- France (124.7 tons)
- Belgium (30.5 tons)
- Spain (0.5 tons)
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