Price for Tallow; Other than Those of Heading 1503 in Belgium - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Belgium (CIF) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Belgium (FOB) - 2023
- Imports of Tallow; Other than Those of Heading 1503 in Belgium
- Exports of Tallow; Other than Those of Heading 1503 in Belgium
Price for Tallow; Other than Those of Heading 1503 in Belgium (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $1,638 per ton, with an increase of 40% against the previous year. Over the period under review, the import price saw a strong increase. The growth pace was the most rapid in 2021 an increase of 52% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($2,230 per ton) and Ireland ($1,689 per ton), while the price for Argentina ($1,506 per ton) and the UK ($1,577 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tallow; Other than Those of Heading 1503 in Belgium (FOB) - 2023
In September 2023, the average export price for tallow; other than those of heading 1503s amounted to $1,633 per ton, increasing by 5.9% against the previous month. Overall, the export price, however, continues to indicate a mild shrinkage. Over the period under review, the average export prices hit record highs at $1,913 per ton in February 2023; however, from March 2023 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From October 2022 to September 2023, the rate of growth in terms of prices for the UK amounted to -0.9% per month.
Imports of Tallow; Other than Those of Heading 1503 in Belgium
In 2022, overseas purchases of tallow; other than those of heading 1503s decreased by -15.3% to 96K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of 6.7%. As a result, imports attained the peak of 117K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tallow; other than those of heading 1503s surged to $157M in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Tallow; Other than Those of Heading 1503 in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 40.0 | 46.5 | 66.6 | 85.7 | 28.9% |
| Germany | 4.7 | 11.2 | 23.7 | 30.6 | 86.7% |
| Netherlands | 5.0 | 5.4 | 11.7 | 14.0 | 40.9% |
| Ireland | 5.6 | 5.9 | 9.5 | 13.1 | 32.7% |
| United Kingdom | 13.6 | 16.3 | 11.3 | 6.4 | -22.2% |
| Argentina | 0.7 | 4.4 | 6.1 | 3.5 | 71.0% |
| Others | 0.2 | 0.2 | 4.1 | 4.1 | 173.7% |
| Total | 69.8 | 90.0 | 133 | 157 | 31.0% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Belgium in 2022:
- France (54.2K tons)
- Germany (19.0K tons)
- Ireland (7.8K tons)
- Netherlands (6.3K tons)
- United Kingdom (4.1K tons)
- Argentina (2.3K tons)
Exports of Tallow; Other than Those of Heading 1503 in Belgium
Exports of tallow; other than those of heading 1503s from Belgium shrank to 14K tons in 2022, which is down by -12.8% on 2021. Over the period under review, exports saw a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, the exports reached the peak of 16K tons, and then declined in the following year.
In value terms, exports of tallow; other than those of heading 1503s soared to $29M in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 72%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Tallow; Other than Those of Heading 1503 in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.4 | 2.0 | 4.6 | 8.0 | 49.4% |
| France | 1.7 | 2.1 | 5.9 | 5.0 | 43.3% |
| United Kingdom | 2.4 | 2.5 | 2.7 | 4.8 | 26.0% |
| Hungary | 0.4 | 1.7 | 3.4 | 4.3 | 120.7% |
| Ireland | 3.0 | 2.6 | 2.6 | 3.3 | 3.2% |
| Germany | 3.0 | 1.5 | 2.4 | 2.6 | -4.7% |
| Greece | 0.2 | 0.8 | 0.9 | 0.2 | 0.0% |
| Others | 0.6 | 0.8 | 1.7 | 0.6 | 0.0% |
| Total | 13.7 | 14.0 | 24.1 | 28.9 | 28.3% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Belgium in 2022:
- Netherlands (4.1K tons)
- France (2.4K tons)
- Hungary (2.4K tons)
- United Kingdom (2.2K tons)
- Ireland (1.6K tons)
- Germany (1.2K tons)
- Greece (0.1K tons)
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