Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Canada - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Canada (CIF) - 2022
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Canada (FOB) - 2023
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Canada
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Canada
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Canada (CIF) - 2022
In 2022, the average import price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $1,974 per ton, with an increase of 52% against the previous year. Over the period under review, the import price showed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($2,115 per ton), while the price for the United States totaled $1,970 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.1%).
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Canada (FOB) - 2023
The average export price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,931 per ton in December 2023, approximately reflecting the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 29% month-to-month. Over the period under review, the average export prices reached the maximum at $2,212 per ton in March 2023; however, from April 2023 to December 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +0.5% per month.
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Canada
For the third consecutive year, Canada recorded decline in purchases abroad of poultry fat; other than that of heading 0209 or 1503 meat, which decreased by -29.1% to 4.1K tons in 2022. Over the period under review, imports continue to indicate a abrupt slump. The smallest decline of -5.8% was in 2020.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat reached $8.1M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. 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 Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.5 | 6.2 | 6.9 | 7.9 | 6.7% |
| France | 0.7 | 0.6 | 0.6 | 0.2 | -34.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.2 | 6.8 | 7.5 | 8.1 | 4.0% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Canada in 2022:
- United States (4.0K tons)
- France (0.1K tons)
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Canada
In 2022, after two years of decline, there was significant growth in shipments abroad of poultry fat; other than that of heading 0209 or 1503 meat, when their volume increased by 119% to 3K tons. Over the period under review, exports, however, recorded a pronounced shrinkage.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat surged to $5.2M in 2022. Overall, exports showed a significant expansion. As a result, the exports attained 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 Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.2 | 1.5 | 1.7 | 5.2 | 33.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.2 | 1.5 | 1.7 | 5.2 | 33.2% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Canada in 2022:
- United States (3.0K tons)
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