What is the price of lard oil per kilogram/pound in Australia today?
The retail price range for Australia lard oil is between US$ 8.60 and US$ 11.47 per kilogram or between US$ 3.90 and US$ 5.20 per pound(lb). Click here to see today's exact prices of lard oil in Australia
The retail price range in Australian Dollar for lard oil is between AUD 12.94 and AUD 17.26 per kilogram or between AUD 5.87 and AUD 7.83 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia lard oil is between US$ 6.02 and US$ 8.03 per kilogram or between US$ 2.73 and US$ 3.64 per pound(lb).
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Australia Lard Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Tallow Fat from Australia has seen a steady decline over the last five years. In 2017, the price was 0.66 US$ per kg, followed by 0.57 US$ per kg in 2018 and 0.58 US$ per kg in 2019. In 2020, the price increased to 0.72 US$ per kg, before rising to 1.23 US$ per kg in 2021 and 1.53 US$ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Tallow Fat from Australia will be 1.73 US$ per kg in 2023 and 2.03 US$ per kg in 2024.
The Australia lard oil exports are categorised as:
- Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared) (HS code 150300)
Australia Lard Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lard Oil into Australia over the last five years has been quite volatile. In 2016, the price was 1.51 US dollars per kg, which increased to 25.2 US dollars per kg in 2017. This was followed by a sharp rise to 34.4 US dollars per kg in 2018 and a further increase to 35.25 US dollars per kg in 2019. However, the price dropped to 26.0 US dollars per kg in 2020 and then rose again to 52.0 US dollars per kg in 2021. The most recent data shows that the price has dropped to 23.5 US dollars per kg in 2022. Based on the current trend, it is likely that the import price per kilogram of Lard Oil into Australia will remain relatively stable in 2023 and 2024. We predict that the price will be around 24.00 US dollars per kg in 2023 and 23.00 US dollars per kg in 2024.Export values for Australia lard oil
The total values in export for lard oil in Australia were US$ 126, US$ 183, US$ 172 and US$ 141 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of lard oil in other countries across Oceania: Fiji lard oil, French Polynesia lard oil, Guam lard oil, Micronesia lard oil, New Caledonia lard oil, Papua New Guinea lard oil, Samoa lard oil, Solomon Islands lard oil, Tonga lard oil & Vanuatu lard oil.
Australia lard oil - Production, Exports, Imports, Seasons and HS Codes
The amount of lard oil sold by Australia in 2020 was 2 metric tonnes. In 2019 Australia exported 4 tonnes of lard oil. For the year 2019 alone, the demand for Australia lard oil (processed category) has shrunk, with a change of -20 percent compared to the year 2018. Between 2017 and 2019, lard oil's exports went down by -92.16 pc earning the nation US$0.14m for the year 2019. Australia's lard oil exports are categorised as:
- Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared) (HS code 150300)
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Australia lard oil export values
In 2019, Australia sold lard oil with a value of 0.14m USD, a contraction of -18.60% from 2018's total lard oil export of 0.172m USD. The annual reduction in value of Australia lard oil between 2017 to 2018 was -6.011 pc.
The per year change in the amount of Australia's lard oil exports between 2017 and 2019 was -92.16 pc in comparison to a variation of -20% in the period between 2018 and 2019.
Australia's portion of the world's total lard oil's exports in 2019 was 7 per cent. Australia holds position 4 in world exports of lard oil.
Export markets for Australia lard oil ( in '000$ )
Australia's best performing export markets for lard oil are China, the Netherlands, New Zealand, Papua New Guinea and New Caledonia.
Import/Export Trends
Australia is a net exporter of lard oil. The annual growth of Australia lard oil in value between 2015 to 2019 was 7%, per annum, while annual growth in quantity for the same period was -4%, per annum.
Australia brought in 0 tonnes of lard oil in 2019.