Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Spain - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Spain (CIF) - 2023
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Spain (FOB) - 2022
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Spain
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Spain
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Spain (CIF) - 2023
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,049 per ton in September 2023, shrinking by -4.6% against the previous month. Overall, the import price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 11% against the previous month. The import price peaked at $1,814 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($2,588 per ton), while the price for France ($982 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+5.2%), 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 Spain (FOB) - 2022
The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,273 per ton in 2022, dropping by -5% against the previous year. Over the period under review, the export price, however, saw a measured expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 59%. The export price peaked at $1,340 per ton in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($1,711 per ton), while the average price for exports to Portugal ($435 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Spain
For the third consecutive year, Spain recorded decline in purchases abroad of poultry fat; other than that of heading 0209 or 1503 meat, which decreased by -11.6% to 11K tons in 2022. Over the period under review, imports continue to indicate a abrupt contraction.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat expanded sharply to $16M in 2022. The total import value increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 10.9 | 9.9 | 9.9 | 12.2 | 3.8% |
| Italy | 0.7 | N/A | 1.6 | 1.4 | 26.0% |
| Portugal | 1.0 | 1.9 | 1.6 | 1.0 | 0.0% |
| Poland | N/A | N/A | 0.1 | 1.0 | 900.0% |
| Tunisia | N/A | 0.2 | 0.7 | 0.5 | 58.1% |
| Belgium | N/A | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | N/A | 0.1 | 0.3 | N/A | 200.0% |
| Total | 12.7 | 12.3 | 14.5 | 16.3 | 8.7% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Spain in 2022:
- France (8.1K tons)
- Italy (0.9K tons)
- Portugal (0.8K tons)
- Poland (0.6K tons)
- Tunisia (0.5K tons)
- Belgium (0.2K tons)
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Spain
In 2022, the amount of poultry fat; other than that of heading 0209 or 1503 meat exported from Spain soared to 4.4K tons, with an increase of 45% on 2021 figures. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 413% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat soared to $5.7M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 501% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 19.0 | 14.3 | 2,668 | 3,147 | 449.2% |
| Germany | 109 | 149 | 404 | 704 | 86.2% |
| France | 36.6 | 42.8 | 371 | 664 | 162.8% |
| Portugal | 1,106 | 303 | 372 | 434 | -26.8% |
| Italy | 19.7 | 17.0 | 17.3 | 416 | 176.4% |
| United Kingdom | N/A | N/A | 100 | 115 | 15.0% |
| Others | 34.7 | 156 | 171 | 175 | 71.5% |
| Total | 1,325 | 682 | 4,103 | 5,654 | 62.2% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Spain in 2022:
- Netherlands (2164.8 tons)
- Portugal (997.5 tons)
- Germany (466.0 tons)
- France (394.1 tons)
- Italy (265.9 tons)
- United Kingdom (67.3 tons)
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