Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Vietnam - 2022
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Vietnam (CIF) - 2022
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Vietnam (FOB) - 2022
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Vietnam
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Vietnam
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Vietnam (CIF) - 2022
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,052 per ton in 2022, which is down by -11.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. Over the period under review, average import prices reached the maximum at $2,019 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 France ($2,056 per ton), while the price for the Netherlands ($648 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Vietnam (FOB) - 2022
The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,657 per ton in 2022, with an increase of 23% against the previous year. In general, the export price recorded a temperate expansion. As a result, the export price attained 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 the Philippines.
From 2013 to 2022, the rate of growth in terms of prices for the Philippines amounted to +23.5% per year.
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Vietnam
In 2022, imports of poultry fat; other than that of heading 0209 or 1503 meat into Vietnam declined remarkably to 640 tons, which is down by -19.8% against 2021 figures. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% 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 +32.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 66%. As a result, imports reached the peak of 798 tons, and then dropped markedly in the following year.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat reduced sharply to $673K in 2022. Over the period under review, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 142% against the previous year. As a result, imports reached the peak of $953K, and then shrank sharply in the following year.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 77.4 | 105 | 575 | 420 | 75.7% |
| United States | 118 | 267 | 358 | 216 | 22.3% |
| Netherlands | 7.6 | 14.5 | 6.0 | 15.1 | 25.7% |
| Bahrain | N/A | N/A | N/A | 10.1 | 0% |
| France | 22.5 | 4.7 | 6.7 | 4.9 | -39.8% |
| Tunisia | 38.9 | N/A | N/A | N/A | 0% |
| Others | 126 | 1.8 | 7.4 | 6.6 | -62.6% |
| Total | 390 | 393 | 953 | 673 | 19.9% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Vietnam in 2022:
- Saudi Arabia (419.1 tons)
- United States (177.6 tons)
- Netherlands (23.3 tons)
- Bahrain (13.4 tons)
- France (2.4 tons)
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Vietnam
In 2022, approx. 210 kg of poultry fat; other than that of heading 0209 or 1503 meat were exported from Vietnam; falling by -49% against the previous year's figure. In general, exports faced a precipitous curtailment.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat contracted notably to $348 in 2022. Over the period under review, exports saw a sharp reduction.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Vietnam (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Philippines | 553 | 348 | -37.1% | ||
| Others | N/A | N/A | 0% | ||
| Total | 553 | 348 | -37.1% | ||
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Vietnam in 2022:
- Philippines (210.0 kg)
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