Price for Poultry Fat; Other than That of Heading 0209 or 1503 in South Korea - 2022
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in South Korea (CIF) - 2022
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in South Korea
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in South Korea (CIF) - 2022
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $3,496 per ton in 2022, surging by 39% against the previous year. In general, the import price showed a strong expansion. Over the period under review, average import prices attained the maximum at $6,872 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Indonesia ($3,934 per ton), while the price for Belgium totaled $2,271 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in South Korea
In 2022, imports of poultry fat; other than that of heading 0209 or 1503 meat into South Korea dropped significantly to 34 tons, waning by -45% against 2021. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of 62 tons, and then shrank rapidly in the following year.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat reduced markedly to $119K in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports attained the peak of $156K, and then shrank sharply in the following year.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 66.1 | 62.1 | 94.6 | 99.0 | 14.4% |
| Belgium | 52.5 | 49.0 | 61.6 | 20.4 | -27.0% |
| Others | N/A | 4.3 | N/A | N/A | 0% |
| Total | 119 | 115 | 156 | 119 | 0.0% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to South Korea in 2022:
- Indonesia (25.2 tons)
- Belgium (9.0 tons)
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