What is the price of pig fat per kilogram/pound in Canada today?
The retail price range for Canada pig fat is between US$ 1.97 and US$ 5.90 per kilogram or between US$ 0.89 and US$ 2.67 per pound(lb). Click here to see today's exact prices of pig fat in Canada
The retail price range in Canadian Dollar for pig fat is between CAD 2.65 and CAD 7.96 per kilogram or between CAD 1.20 and CAD 3.61 per pound(lb) in Ottawa and Montréal.
Wholesale prices
In 2024, the approximate wholesale price range for Canada pig fat is between US$ 1.38 and US$ 4.13 per kilogram or between US$ 0.62 and US$ 1.87 per pound(lb).
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Canada Pig Fat Export Prices - Historical, Trends and Prediction
The export price per kilogram of Pig Fat from Canada has seen a steady increase over the last five years. In 2017, the price was 0.97 US$ per kg, and in 2021 it was 1.32 US$ per kg. This represents an increase of 36.1%. The highest price was in 2020, when it was 1.34 US$ per kg. The lowest price was in 2015, when it was 0.77 US$ per kg. Based on this data, it is predicted that the export price per kilogram of Pig Fat from Canada will be 1.50 US$ per kg in 2023 and 1.58 US$ per kg in 2024.The exports of pig fat from Canada are classified as:
- Pig fat, rendered or otherwise extracted (excluding lard) (HS code 150120)
- Pig fat, incl. lard, and poultry fat, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150100)
- Pig fat, free of lean meat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020910)
- Lard, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150110)
- Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020900)
Canada Pig Fat Import Prices - Historical, Trends and Prediction
The import price per kilogram of Pig Fat into Canada has been relatively stable over the last five years. In 2017, the price was 0.97 US$ per kg, followed by 0.95 US$ per kg in 2018. In 2019, the price increased to 1.15 US$ per kg, and then further increased to 1.34 US$ per kg in 2020. The price then dropped slightly to 1.32 US$ per kg in 2021, before increasing again to 1.47 US$ per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Pig Fat into Canada will continue to increase in the next two years, with an estimated price of 1.50 US$ per kg in 2023 and 1.55 US$ per kg in 2024.Export values for Canada pig fat
The total values in export for pig fat in Canada were US$ 83,739, US$ 89,553, US$ 96,057 and US$ 100,136 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in Canada: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of pig fat in other countries across North America: Canada pig fat, US pig fat, Anguilla pig fat, Antigua and Barbuda pig fat, Bermuda pig fat, Bonaire, Sint Eustatius and Saba pig fat, St.Pierre and Miquelon pig fat, United States Minor Outlying Islands pig fat, Cayman Islands pig fat & Greenland pig fat.
Canada pig fat - Production, Exports, Imports, Seasons and HS Codes
The quantity of pig fat sold by Canada in 2020 was 79,157 tons. In 2019 Canada sold 86,761 tonnes of pig fat. For 2019 alone, the market for Canada pig fat (meat category) has shrunk, changing by -13.938 pc compared to the year 2018. Between 2017 and 2019, pig fat's exports went down by -5.77 pc earning the country US$100.14m for the year 2019. Canada's pig fat exports are categorised as:
- Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020900)
- Pig fat, rendered or otherwise extracted (excluding lard) (HS code 150120)
- Pig fat, free of lean meat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020910)
- Lard, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150110)
- Pig fat, incl. lard, and poultry fat, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150100)
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Canada pig fat export values
In 2019, Canada shipped pig fat valued at 100.14m USD, an increase of 4.25% from 2018's total pig fat export of 96.057m USD. The annual increase in value of Canada pig fat between 2017 to 2018 was 7.263 per cent.
The per year change in the amount of Canada's pig fat exports between 2017 and 2019 was -5.77 pc in comparison to a variation of -13.938% in the period between 2018 and 2019.
Canada's share of the world's total pig fat's exports in 2019 was less than 1%. Canada holds number 14 in world exports of pig fat.
Export markets for Canada pig fat ( in '000$ )
Canada's leading export markets for pig fat are Japan, Mexico, US, the Philippines and China.
Import/Export Trends
Canada is a net exporter of pig fat. The annual growth of Canada pig fat in value between 2015 to 2019 was -26%, per year, while annual growth in quantity through the same period was -22%, per annum.
Canada bought 806 tonnes of pig fat in 2019.