Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Italy - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Italy (FOB) - 2023
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Italy (CIF) - 2023
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Italy
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Italy
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Italy (FOB) - 2023
The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $3,900 per ton in October 2023, growing by 259% against the previous month. Over the period under review, the export price showed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From October 2022 to October 2023, the rate of growth in terms of prices for Denmark amounted to +1.2% per month.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Italy (CIF) - 2023
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $522 per ton in October 2023, falling by -54.9% against the previous month. Overall, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in May 2023 an increase of 44% against the previous month. Over the period under review, average import prices hit record highs at $1,804 per ton in January 2023; however, from February 2023 to October 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Tunisia.
From October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to +4.1% per month.
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Italy
Exports of poultry fat; other than that of heading 0209 or 1503 meat from Italy shrank remarkably to 11K tons in 2022, with a decrease of -23.9% against 2021 figures. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 12%. As a result, the exports reached the peak of 15K tons, and then declined sharply in the following year.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat declined to $16M in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. As a result, the exports attained the peak of $18M, and then dropped in the following year.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.0 | 9.1 | 12.8 | 12.1 | 20.0% |
| Belgium | N/A | N/A | 1.1 | 1.9 | 72.7% |
| Czech Republic | 0.4 | 0.4 | 0.7 | 0.7 | 20.5% |
| Denmark | N/A | N/A | N/A | 0.3 | 0% |
| Germany | 0.2 | N/A | 0.5 | 0.2 | 0.0% |
| Spain | N/A | 0.3 | N/A | 0.2 | -18.4% |
| Switzerland | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Serbia | 0.7 | 0.1 | N/A | N/A | -85.7% |
| Others | 0.3 | 0.3 | 2.6 | 0.3 | 0.0% |
| Total | 8.7 | 10.2 | 17.9 | 15.9 | 22.3% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Italy in 2022:
- Netherlands (7.9K tons)
- Belgium (1.3K tons)
- Spain (0.5K tons)
- Czech Republic (0.4K tons)
- Denmark (0.4K tons)
- Switzerland (0.2K tons)
- Germany (0.2K tons)
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Italy
In 2022, approx. 3.4K tons of poultry fat; other than that of heading 0209 or 1503 meat were imported into Italy; which is down by -5.7% against the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 83%. As a result, imports reached the peak of 3.6K tons, and then declined in the following year.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat soared to $4.9M in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 134%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 231 | 911 | 1,788 | 1,834 | 99.5% |
| Tunisia | N/A | 294 | 463 | 1,218 | 103.5% |
| Spain | 42.2 | 71.6 | 174 | 955 | 182.9% |
| Germany | 1,087 | 170 | 195 | 308 | -34.3% |
| Netherlands | 226 | 55.5 | 36.2 | 234 | 1.2% |
| Hungary | 120 | N/A | 182 | 127 | 1.9% |
| Lithuania | N/A | N/A | 9.9 | 51.6 | 421.2% |
| Romania | 52.5 | N/A | 84.4 | 16.9 | -31.5% |
| Ireland | N/A | N/A | 489 | N/A | 0% |
| Austria | 73.3 | 26.2 | 159 | N/A | 47.3% |
| Others | N/A | 7.4 | 9.3 | 133 | 323.9% |
| Total | 1,831 | 1,536 | 3,590 | 4,877 | 38.6% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Italy in 2022:
- France (1123.8 tons)
- Tunisia (1099.0 tons)
- Spain (548.2 tons)
- Hungary (181.7 tons)
- Germany (173.2 tons)
- Netherlands (133.5 tons)
- Lithuania (96.6 tons)
- Romania (30.8 tons)
- Austria (0.2 tons)
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710
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