Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Australia - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Australia (CIF) - 2022
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Australia (FOB) - 2022
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Australia
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Australia
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Australia (CIF) - 2022
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $4,280 per ton in 2022, shrinking by -20.3% against the previous year. Overall, the import price, however, posted buoyant growth. The growth pace was the most rapid in 2016 an increase of 64%. Over the period under review, average import prices hit record highs at $6,014 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +13.2% per year.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Australia (FOB) - 2022
In 2022, the average export price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $1,349 per ton, waning by -41.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 101%. As a result, the export price attained the peak level of $2,305 per ton, and then declined markedly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($2,161 per ton), while the average price for exports to Malaysia ($577 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 Switzerland (+53.5%), 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 Australia
In 2022, the amount of poultry fat; other than that of heading 0209 or 1503 meat imported into Australia skyrocketed to 247 tons, growing by 103% on the previous year. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 120%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat skyrocketed to $1.1M in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 69%. 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 Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 317 | 479 | 348 | 1,057 | 49.4% |
| Italy | N/A | 67.5 | 306 | N/A | 353.3% |
| Others | 7.2 | N/A | N/A | N/A | 0% |
| Total | 324 | 547 | 654 | 1,057 | 48.3% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Australia in 2022:
- France (246.9 tons)
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Australia
For the third consecutive year, Australia recorded decline in overseas shipments of poultry fat; other than that of heading 0209 or 1503 meat, which decreased by -22.2% to 86 tons in 2022. Overall, exports showed a sharp shrinkage.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat declined notably to $116K in 2022. Over the period under review, exports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | N/A | 47.5 | 0% |
| New Caledonia | 75.4 | 55.0 | 126 | 36.4 | -21.6% |
| Malaysia | N/A | N/A | N/A | 25.4 | 0% |
| New Zealand | N/A | N/A | N/A | 6.7 | 0% |
| South Korea | 421 | 148 | N/A | N/A | -64.8% |
| Switzerland | 24.7 | N/A | 112 | N/A | 112.9% |
| French Polynesia | 14.4 | 19.7 | 17.6 | N/A | 10.6% |
| Others | 26.2 | N/A | N/A | 0.1 | -84.4% |
| Total | 562 | 223 | 255 | 116 | -40.9% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Australia in 2022:
- Malaysia (44.0 tons)
- Taiwan (Chinese) (22.1 tons)
- New Caledonia (16.8 tons)
- New Zealand (3.1 tons)
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