What is the price of pig fat per kilogram/pound in South Africa today?
The retail price range for South Africa pig fat is between US$ 0.97 and US$ 2.91 per kilogram or between US$ 0.44 and US$ 1.32 per pound(lb). Click here to see today's exact prices of pig fat in South Africa
The retail price range in Rand for pig fat is between ZAR 18.88 and ZAR 56.63 per kilogram or between ZAR 8.56 and ZAR 25.68 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa pig fat is between US$ 0.68 and US$ 2.04 per kilogram or between US$ 0.31 and US$ 0.93 per pound(lb).
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South Africa Pig Fat Export Prices - Historical, Trends and Prediction
The export price per kilogram of Pig Fat from South Africa has seen a steady increase over the last five years. In 2016, the price was $1.03, and in 2021 it was $1.51. This represents an increase of 46.6%. The highest price was in 2012, when it was $2.49, and the lowest was in 2015, when it was $0.75. Based on this trend, it is predicted that the export price per kilogram of Pig Fat from South Africa in 2023 will be $1.71, and in 2024 it will be $1.91.The exports of pig fat from South Africa are classified 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)
- 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)
South Africa Pig Fat Import Prices - Historical, Trends and Prediction
The import price per kilogram of Pig Fat into South Africa over the last five years has been relatively stable. In 2017, the price was $1.25, followed by $1.44 in 2018, $1.20 in 2019, $1.46 in 2020 and $1.51 in 2021. This indicates a slight increase in the price of Pig Fat over the last five years. Based on this trend, it is predicted that the import price per kilogram of Pig Fat into South Africa in 2023 will be around $1.56 and in 2024 will be around $1.61.Export values for South Africa pig fat
The total values in export for pig fat in South Africa were US$ 224, US$ 432, US$ 151 and US$ 217 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in South Africa: 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 Africa: Algeria pig fat, Angola pig fat, Botswana pig fat, Burundi pig fat, Cameroon pig fat, Cape Verde pig fat, Central African Republic pig fat, Comoros pig fat, DRC Congo pig fat & Benin pig fat.
South Africa pig fat - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa shipped 1,388,947 tonnes of pig fat. For the year 2019 alone, the demand for South Africa pig fat (meat category) has gone up, changing by 8.754 % compared to the year 2018. Between 2017 and 2019, pig fat's exports increased by 17.75% netting South Africa US$0.22m for the year 2019. South Africa's pig fat exports are classified as:
- Pig fat, incl. lard, and poultry fat, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150100)
- Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020900)
- Pig fat, rendered or otherwise extracted (excluding lard) (HS code 150120)
- Pig fat, free of lean meat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020910)
- Lard, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150110)
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South Africa pig fat export values
In 2019, South Africa shipped pig fat costing 0.22m USD, a surge of 45.70% from 2018's total pig fat export of 0.151m USD. The annual change in value of South Africa pig fat between 2017 to 2018 was -65.046 per cent.
The per year variation in the amount of South Africa's pig fat exports between 2017 and 2019 was 17.75 percent when compared to a variation of 8.754% in the growth rate between 2018 and 2019.
South Africa's share of the world's total pig fat's exports in 2019 was less than 1%. The country holds position 17 in world exports of pig fat.
Export markets for South Africa pig fat ( in '000$ )
South Africa's best performing export markets for pig fat are Namibia, Spain, Botswana, Lesotho and DRC Congo.
Import/Export Trends
South Africa is a net exporter of pig fat. The annual growth of South Africa pig fat in value between 2015 to 2019 was -24%, per annum, while annual growth in quantity during the same period was -27%, per annum.
South Africa ordered 3,140 tonnes of pig fat in 2019.