Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Czech Republic - 2023

Contents:

  1. Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Czech Republic (CIF) - 2023
  2. Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Czech Republic (FOB) - 2022
  3. Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in the Czech Republic
  4. Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in the Czech Republic

Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Czech Republic (CIF) - 2023

In October 2023, the average import price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $1,161 per ton, standing approximately at the previous month. Overall, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in September 2023 an increase of 12% m-o-m. Over the period under review, average import prices attained the peak figure at $1,624 per ton in January 2023; however, from February 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Austria ($2,054 per ton), while the price for Ukraine ($832 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.8%), 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 the Czech Republic (FOB) - 2022

The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,526 per ton in 2022, picking up by 34% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 126% against the previous year. Over the period under review, the average export prices attained the maximum at $3,811 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($4,445 per ton), while the average price for exports to Germany ($426 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 Slovakia (+10.5%), while the prices for the other major destinations experienced a decline.

Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in the Czech Republic

In 2022, approx. 8.7K tons of poultry fat; other than that of heading 0209 or 1503 meat were imported into the Czech Republic; picking up by 16% compared with 2021 figures. The total import volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 25%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat skyrocketed to $13M in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 44% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Poultry Fat; Other than That of Heading 0209 or 1503 in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovakia1.63.14.35.651.8%
Austria2.22.82.42.31.5%
Poland0.10.10.51.8162.1%
Germany0.50.50.91.130.1%
Italy0.40.40.71.035.7%
UkraineN/AN/AN/A0.80%
Belgium0.30.50.40.518.6%
Others0.1N/AN/A0.10.0%
Total5.17.49.113.137.0%

Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to the Czech Republic in 2022:

  1. Slovakia (3.6K tons)
  2. Austria (1.8K tons)
  3. Poland (1.1K tons)
  4. Germany (0.7K tons)
  5. Italy (0.6K tons)
  6. Ukraine (0.5K tons)
  7. Belgium (0.3K tons)

Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in the Czech Republic

In 2022, exports of poultry fat; other than that of heading 0209 or 1503 meat from the Czech Republic soared to 13 tons, picking up by 26% against 2021. Overall, exports, however, showed a deep slump. The growth pace was the most rapid in 2021 with an increase of 33%.

In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat skyrocketed to $19K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Poultry Fat; Other than That of Heading 0209 or 1503 in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovakia6.86.97.514.328.1%
Germany3.92.53.63.8-0.9%
HungaryN/AN/A0.11.11000.0%
Others0.10.10.1N/A0.0%
Total10.89.611.319.221.1%

Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from the Czech Republic in 2022:

  1. Germany (8.9 tons)
  2. Slovakia (3.2 tons)
  3. Hungary (0.4 tons)

Source: IndexBox Market Intelligence Platform

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