What is the price of pig fat per kilogram/pound in China today?
The retail price range for China pig fat is between US$ 0.72 and US$ 1.10 per kilogram or between US$ 0.33 and US$ 0.50 per pound(lb). Click here to see today's exact prices of pig fat in China
The retail price range in Yuan Renminbi for pig fat is between CNY 5.04 and CNY 7.73 per kilogram or between CNY 2.29 and CNY 3.51 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China pig fat is between US$ 0.50 and US$ 0.77 per kilogram or between US$ 0.23 and US$ 0.35 per pound(lb).
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China Pig Fat Export Prices - Historical, Trends and Prediction
The export price per kilogram of Pig Fat from China has seen a steady decline over the last five years. In 2012, the price was 3.14 US dollars per kg, dropping to 2.00 US dollars per kg in 2013. This trend continued in 2014, with the price falling to 1.46 US dollars per kg. In 2015, the price dropped further to 1.28 US dollars per kg, and then to 1.20 US dollars per kg in 2017. The price then increased slightly to 1.40 US dollars per kg in 2018, before rising again to 1.55 US dollars per kg in 2019. The latest data from 2022 shows the price at 1.98 US dollars per kg. Based on this trend, it is predicted that the export price per kilogram of Pig Fat from China will be 2.11 US dollars per kg in 2023 and 2.24 US dollars per kg in 2024.The exports of pig fat from China are categorised as:
- Pig fat, rendered or otherwise extracted (excluding lard) (HS code 150120)
- 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)
- Lard, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150110)
- Pig fat, free of lean meat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020910)
- Pig fat, incl. lard, and poultry fat, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150100)
China Pig Fat Import Prices - Historical, Trends and Prediction
The import price per kilogram of Pig Fat into China over the last five years has seen a steady decline. In 2012, the price was 3.14 US dollars per kg, dropping to 2.00 US dollars per kg in 2013. This trend continued in 2014, with the price falling to 1.46 US dollars per kg. In 2015, the price dropped further to 1.28 US dollars per kg, and then to 1.20 US dollars per kg in 2017. The price then increased slightly in 2018 to 1.40 US dollars per kg, before rising again in 2019 to 1.55 US dollars per kg. The most recent data shows that the price of Pig Fat imports into China was 1.98 US dollars per kg in 2022. Based on this data, it is predicted that the import price per kilogram of Pig Fat into China in 2023 will be around 2.10 US dollars per kg, and in 2024 it will be around 2.20 US dollars per kg.Export values for China pig fat
The total values in export for pig fat in China were US$ 495, US$ 435, US$ 2,362 and US$ 818 in US dollar thousand for the years 2015, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in China: 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 Asia: Kazakhstan pig fat, Kyrgyzstan pig fat, Tajikistan pig fat, Turkmenistan pig fat, Uzbekistan pig fat, China pig fat, Hong Kong pig fat, Macao pig fat, North Korea pig fat & Mongolia pig fat.
China pig fat - Production, Exports, Imports, Seasons and HS Codes
In 2019 China sold 527 tonnes of pig fat. For 2019 alone, the market for China pig fat (meat category) has reduced, changing by -68.668 % compared to the year 2018. Between 2017 and 2019, pig fat's exports went up by 45.58 pc netting the country US$0.82m for the year 2019. China's pig fat exports are categorised as:
- Pig fat, free of lean meat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020910)
- Lard, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150110)
- Pig fat, incl. lard, and poultry fat, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150100)
- Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020900)
- Pig fat, rendered or otherwise extracted (excluding lard) (HS code 150120)
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China pig fat export values
In 2019, China shipped pig fat costing 0.82m USD, a decrease of -65.28% from 2018's total pig fat export of 2.362m USD. The annual reduction in value of China pig fat between 2017 to 2018 was 442.989 per cent.
The annual change in the volume of China's pig fat exports between 2017 and 2019 was 45.58 per cent in comparison to a variation of -68.668% in the period between 2018 and 2019.
Export markets for China pig fat ( in '000$ )
China's top export markets for pig fat are Russia, Mongolia, Macao, Hong Kong and Tajikistan.
China purchased 115,519 tonnes of pig fat in 2019.