Price for Tallow; Other than Those of Heading 1503 in Morocco - 2023

Contents:

  1. Price for Tallow; Other than Those of Heading 1503 in Morocco (CIF) - 2022
  2. Imports of Tallow; Other than Those of Heading 1503 in Morocco

Price for Tallow; Other than Those of Heading 1503 in Morocco (CIF) - 2022

In 2022, the average import price for tallow; other than those of heading 1503s amounted to $6,130 per ton, rising by 481% against the previous year. In general, the import price posted resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($8,733 per ton), while the price for France totaled $1,250 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Tallow; Other than Those of Heading 1503 in Morocco

In 2022, purchases abroad of tallow; other than those of heading 1503s decreased by 99.9% to 23 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a sharp decrease. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year. As a result, imports attained the peak of 16K 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 shrank rapidly to $141 in 2022. In general, imports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 21%. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Tallow; Other than Those of Heading 1503 in Morocco (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
FranceN/AN/AN/AN/A0%
United States8.710.57.9N/A-4.7%
BelgiumN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total8.710.57.9N/A-4.7%

Top Suppliers of Tallow; Other than Those of Heading 1503 to Morocco in 2022:

  1. Belgium (15.0 kg)
  2. France (8.0 kg)

Source: IndexBox Market Intelligence Platform

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