Price for Tallow; Other than Those of Heading 1503 in Hong Kong SAR - 2022
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Hong Kong SAR (CIF) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Hong Kong SAR
Price for Tallow; Other than Those of Heading 1503 in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $2,239 per ton, growing by 21% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tallow; other than those of heading 1503s decreased by -18.1% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 49%. Over the period under review, average import prices hit record highs at $2,732 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +87.2% per year.
Imports of Tallow; Other than Those of Heading 1503 in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of tallow; other than those of heading 1503s, which decreased by -85.3% to 1.7 tons in 2022. Over the period under review, imports showed a dramatic descent. The smallest decline of -48.6% was in 2020.
In value terms, imports of tallow; other than those of heading 1503s dropped dramatically to $3.8K in 2022. Overall, imports saw a dramatic descent. The smallest decline of -49% was in 2020.
| Import of Tallow; Other than Those of Heading 1503 in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 21.0 | 0.1 | 3.8 | -57.5% |
| Paraguay | 106 | 72.4 | 2.6 | N/A | -84.3% |
| Poland | 77.4 | 22.1 | 0.8 | N/A | -89.8% |
| Uruguay | 21.5 | 9.4 | 0.3 | N/A | -88.2% |
| Brazil | 804 | 393 | 17.0 | N/A | -85.5% |
| Others | 8.2 | 1.3 | 0.3 | N/A | -80.9% |
| Total | 1,017 | 519 | 21.1 | 3.8 | -84.5% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Hong Kong SAR in 2022:
- United States (1.7 tons)
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