Price for Tallow; Other than Those of Heading 1503 in Spain - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Spain (CIF) - 2023
- Price for Tallow; Other than Those of Heading 1503 in Spain (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Spain
- Exports of Tallow; Other than Those of Heading 1503 in Spain
Price for Tallow; Other than Those of Heading 1503 in Spain (CIF) - 2023
The average import price for tallow; other than those of heading 1503s stood at $928 per ton in September 2023, approximately mirroring the previous month. Over the period under review, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 3.6% m-o-m. Over the period under review, average import prices attained the peak figure at $1,526 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,589 per ton), while the price for Portugal ($572 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Portugal (+3.5%), while the prices for the other major suppliers experienced a decline.
Price for Tallow; Other than Those of Heading 1503 in Spain (FOB) - 2022
The average export price for tallow; other than those of heading 1503s stood at $1,152 per ton in 2022, growing by 13% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tallow; other than those of heading 1503s increased by +63.4% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 36%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($1,743 per ton), while the average price for exports to Austria ($891 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tallow; Other than Those of Heading 1503 in Spain
In 2022, the amount of tallow; other than those of heading 1503s imported into Spain reduced notably to 29K tons, falling by -46.6% against 2021. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 49%. As a result, imports reached the peak of 55K tons, and then fell rapidly in the following year.
In value terms, imports of tallow; other than those of heading 1503s declined rapidly to $44M in 2022. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 142%. As a result, imports attained the peak of $64M, and then shrank markedly in the following year.
| Import of Tallow; Other than Those of Heading 1503 in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 18.6 | 18.6 | 32.2 | 31.7 | 19.4% |
| Uruguay | N/A | 2.8 | 26.4 | 5.9 | 45.2% |
| Netherlands | 0.6 | 3.1 | 4.7 | 3.6 | 81.7% |
| Italy | 0.6 | 1.1 | 1.0 | 1.3 | 29.4% |
| Argentina | 1.1 | 0.2 | N/A | N/A | -81.8% |
| Others | 0.3 | 0.9 | 0.3 | 1.0 | 49.4% |
| Total | 21.2 | 26.7 | 64.5 | 43.5 | 27.1% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Spain in 2022:
- France (21.1K tons)
- Uruguay (4.0K tons)
- Netherlands (2.6K tons)
- Italy (0.8K tons)
Exports of Tallow; Other than Those of Heading 1503 in Spain
In 2022, approx. 563 tons of tallow; other than those of heading 1503s were exported from Spain; growing by 47% against 2021. In general, exports, however, recorded a precipitous slump.
In value terms, exports of tallow; other than those of heading 1503s surged to $649K in 2022. Over the period under review, exports, however, showed a significant decline.
| Export of Tallow; Other than Those of Heading 1503 in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 24.0 | 96.9 | 258 | 274 | 125.2% |
| Netherlands | 4,060 | N/A | 98.9 | 259 | -60.0% |
| Portugal | 192 | 171 | 0.8 | 85.1 | -23.8% |
| Austria | N/A | N/A | N/A | 19.5 | 0% |
| Bulgaria | N/A | N/A | 2.4 | 10.8 | 350.0% |
| Others | 5.1 | 1.9 | 29.7 | N/A | 141.3% |
| Total | 4,281 | 269 | 390 | 649 | -46.7% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Spain in 2022:
- Netherlands (286.9 tons)
- France (194.5 tons)
- Portugal (48.8 tons)
- Austria (21.9 tons)
- Bulgaria (10.9 tons)
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Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
