What is the price of pig fat per kilogram/pound in US today?
The retail price range for US pig fat is between US$ 1.92 and US$ 3.84 per kilogram or between US$ 0.87 and US$ 1.74 per pound(lb). Click here to see today's exact prices of pig fat in US
The retail price range in Euro for pig fat is between EUR 1.76 and EUR 3.52 per kilogram or between EUR 0.80 and EUR 1.60 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US pig fat is between US$ 1.34 and US$ 2.69 per kilogram or between US$ 0.61 and US$ 1.22 per pound(lb).
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US Pig Fat Export Prices - Historical, Trends and Prediction
The export price per kilogram of Pig Fat from the US has seen a steady decline over the last five years. In 2016, the price was 0.70 US$ per kg, and in 2020, it had dropped to 0.67 US$ per kg. This downward trend was briefly interrupted in 2021, when the price rose to 1.06 US$ per kg, before rising again to 1.45 US$ per kg in 2022. Based on this trend, it is likely that the export price of Pig Fat from the US will continue to decrease in the next two years, with a predicted price of 0.62 US$ per kg in 2023 and 0.57 US$ per kg in 2024.
The US pig fat exports are classified as:
- 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)
- 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, incl. lard, and poultry fat, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150100)
US Pig Fat Import Prices - Historical, Trends and Prediction
The import price per kilogram of Pig Fat into the US over the last five years has seen a steady decline. In 2012, the price was 0.90 US dollars per kg, dropping to 0.86 US dollars per kg in 2013. This trend continued until 2015, when the price dropped to 0.71 US dollars per kg. In 2016, the price remained at 0.70 US dollars per kg, before increasing slightly to 0.76 US dollars per kg in 2017. The price then dropped to 0.73 US dollars per kg in 2018, before increasing to 0.75 US dollars per kg in 2019. The most recent data shows a decrease to 0.67 US dollars per kg in 2020, followed by an increase to 1.06 US dollars per kg in 2021 and 1.45 US dollars per kg in 2022. Based on this data, it is predicted that the import price per kilogram of Pig Fat into the US in 2023 will be 1.17 US dollars per kg, and in 2024 it will be 1.08 US dollars per kg.Export values for US pig fat
The total values in export for pig fat in US were US$ 120,455, US$ 142,115, US$ 177,251 and US$ 251,467 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in US: 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.
US pig fat - Production, Exports, Imports, Seasons and HS Codes
The volume of pig fat sold by US in 2020 was 481,542 metric tonnes. In 2019 US exported 335,511 tonnes of pig fat. Across 2019 alone, the market for US pig fat (meat category) has improved, changing by 37.725 percent compared to the year 2018. Between 2017 and 2019, pig fat's exports went up by 80.26 percent bringing the country US$251.47m for the year 2019. US' pig fat exports are categorised as:
- Pig fat, free of lean meat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020910)
- Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020900)
- Pig fat, incl. lard, and poultry fat, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150100)
- Lard, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150110)
- Pig fat, rendered or otherwise extracted (excluding lard) (HS code 150120)
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US pig fat export values
In 2019, US exported pig fat costing 251.47m USD, an increment of 41.87% from 2018's total pig fat export of 177.251m USD. The yearly change in value of US pig fat between 2017 to 2018 was 24.724 per cent.
The annual/yearly variation in the amount of US' pig fat exports between 2017 and 2019 was 80.26 pc in comparison to a variation of 37.725% in the period between 2018 and 2019.
US' share of the world's total pig fat's exports in 2019 was 3.7 per cent. US holds position 8 in world exports of pig fat.
Export markets for US pig fat ( in '000$ )
US' leading export markets for pig fat are Mexico, South Korea, the Dominican Republic, Japan and Honduras.
Import/Export Trends
US is a net exporter of pig fat. The annual growth of US pig fat in value between 2015 to 2019 was 11%, per year, while annual growth in quantity through the same period was 2%, per annum.
US bought 31,903 tonnes of pig fat in 2019.