What is the price of pig fat per kilogram/pound in Cyprus today?
The retail price range for Cyprus pig fat is between US$ 2.47 and US$ 4.45 per kilogram or between US$ 1.12 and US$ 2.02 per pound(lb). Click here to see today's exact prices of pig fat in Cyprus
The retail price range in Euro for pig fat is between EUR 2.29 and EUR 4.12 per kilogram or between EUR 1.04 and EUR 1.87 per pound(lb) in Nicosia and Larnaca.
Wholesale prices
In 2024, the approximate wholesale price range for Cyprus pig fat is between US$ 1.73 and US$ 3.12 per kilogram or between US$ 0.79 and US$ 1.41 per pound(lb).
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Cyprus Pig Fat Export Prices - Historical, Trends and Prediction
The export price per kilogram of Pig Fat from Cyprus over the last five years has seen a steady decline. In 2017, the price was 0.66 US $ per kg, which dropped to 0.36 US $ per kg in 2016. This downward trend continued in 2018, when the price was 0.39 US $ per kg, and in 2019, when it was 0.94 US $ per kg. However, in 2020 and 2021, the price increased to 0.89 US $ per kg and 0.85 US $ per kg respectively. The latest data shows that the export price per kilogram of Pig Fat from Cyprus is 1.23 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Pig Fat from Cyprus will be 1.18 US $ per kg in 2023 and 1.13 US $ per kg in 2024.The pig fat exports from Cyprus are classified as:
- 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)
- 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)
- Pig fat, rendered or otherwise extracted (excluding lard) (HS code 150120)
Cyprus Pig Fat Import Prices - Historical, Trends and Prediction
The import price per kilogram of Pig Fat into Cyprus over the last five years has seen a steady decline. In 2012, the price was $1.02, dropping to $0.73 in 2013 and then to $0.65 in 2014. The price then dropped further to $0.41 in 2015 and $0.36 in 2016. In 2017, the price rose to $0.66 before dropping again to $0.39 in 2018. The price then rose to $0.94 in 2019 and $0.89 in 2020 before dropping to $0.85 in 2021. The most recent data shows the price at $1.23 in 2022. Based on this data, it is predicted that the import price per kilogram of Pig Fat into Cyprus will be $1.17 in 2023 and $1.11 in 2024.Export values for Cyprus pig fat
The total values in export for pig fat in Cyprus were US$ 195, US$ 261, US$ 130 and US$ 335 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in Cyprus: 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 Middle East: Bahrain pig fat, Cyprus pig fat, Iraq pig fat, Israel pig fat, Jordan pig fat, Kuwait pig fat, Lebanon pig fat, Palestine pig fat, Oman pig fat & Qatar pig fat.
Cyprus pig fat - Production, Exports, Imports, Seasons and HS Codes
The quantity of pig fat shipped by Cyprus in 2020 was 408 metric tonnes. In 2019 Cyprus exported 355 tonnes of pig fat. Across 2019 alone, the market for Cyprus pig fat (meat category) has climbed, flactuating by 6.928 per cent compared to the year 2018. Between 2017 and 2019, pig fat's exports decreased by -10.8 pc netting Cyprus US$0.34m for the year 2019. Cyprus' pig fat exports are categorised as:
- Lard, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150110)
- Pig fat, rendered or otherwise extracted (excluding lard) (HS code 150120)
- Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020900)
- Pig fat, incl. lard, and poultry fat, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150100)
- Pig fat, free of lean meat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020910)
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Cyprus pig fat export values
In 2019, Cyprus exported pig fat worth 0.34m USD, a growth of 161.54% from 2018's total pig fat export of 0.13m USD. The annual increase in value of Cyprus pig fat between 2017 to 2018 was -50.192 percent.
The per year variation in the quantity of Cyprus' pig fat exports between 2017 and 2019 was -10.8 pc compared to a variation of 6.928% in the period between 2018 and 2019.
Export markets for Cyprus pig fat ( in '000$ )
Cyprus' best performing destinations for pig fat are Romania, Greece, Albania, Bulgaria and Serbia.
Cyprus imported 213 tonnes of pig fat in 2019.