Price for Tallow; Other than Those of Heading 1503 in France - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in France (FOB) - 2023
- Price for Tallow; Other than Those of Heading 1503 in France (CIF) - 2023
- Exports of Tallow; Other than Those of Heading 1503 in France
- Imports of Tallow; Other than Those of Heading 1503 in France
Price for Tallow; Other than Those of Heading 1503 in France (FOB) - 2023
In September 2023, the average export price for tallow; other than those of heading 1503s amounted to $1,031 per ton, with an increase of 4.7% against the previous month. In general, the export price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 7.8% m-o-m. As a result, the export price attained the peak level of $1,616 per ton. From January 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In September 2023, the country with the highest price was Switzerland ($1,432 per ton), while the average price for exports to the UK totaled $1,264 per ton.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-1.0%), while the prices for the other major destinations experienced a decline.
Price for Tallow; Other than Those of Heading 1503 in France (CIF) - 2023
In September 2023, the average import price for tallow; other than those of heading 1503s amounted to $1,740 per ton, increasing by 33% against the previous month. Over the period from October 2022 to September 2023, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in January 2023 an increase of 33% month-to-month. The import price peaked at $1,907 per ton in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, 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 Germany amounted to +13.6% per month.
Exports of Tallow; Other than Those of Heading 1503 in France
In 2022, after three years of growth, there was decline in shipments abroad of tallow; other than those of heading 1503s, when their volume decreased by -4.1% to 72K tons. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 5.5%. As a result, the exports reached the peak of 75K tons, and then declined slightly in the following year.
In value terms, exports of tallow; other than those of heading 1503s soared to $115M in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 60% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Tallow; Other than Those of Heading 1503 in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 28.1 | 29.7 | 45.4 | 66.0 | 32.9% |
| Netherlands | 6.8 | 12.2 | 20.4 | 28.4 | 61.0% |
| Spain | 6.3 | 7.9 | 13.1 | 12.3 | 25.0% |
| Italy | 0.6 | 2.3 | 4.0 | 4.0 | 88.2% |
| Switzerland | 0.7 | 1.1 | 1.9 | 2.7 | 56.8% |
| Others | 0.9 | 0.8 | 1.7 | 1.3 | 13.0% |
| Total | 43.4 | 54.1 | 86.5 | 115 | 38.4% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from France in 2022:
- Belgium (40.6K tons)
- Netherlands (18.1K tons)
- Spain (8.1K tons)
- Italy (2.7K tons)
- Switzerland (1.5K tons)
Imports of Tallow; Other than Those of Heading 1503 in France
In 2022, imports of tallow; other than those of heading 1503s into France soared to 4.9K tons, with an increase of 50% compared with the year before. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 131%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of tallow; other than those of heading 1503s skyrocketed to $9M in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 131%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Tallow; Other than Those of Heading 1503 in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 721 | 2,053 | 3,111 | 5,065 | 91.5% |
| United Kingdom | 159 | 4.3 | 553 | 1,071 | 88.9% |
| Netherlands | 452 | 527 | 1,023 | 1,013 | 30.9% |
| Germany | 1.1 | 6.3 | 12.3 | 1,003 | 869.7% |
| Spain | 21.7 | 573 | 367 | 625 | 206.5% |
| Italy | 27.3 | 91.4 | 9.1 | 195 | 92.6% |
| Others | 28.3 | 5.9 | 36.3 | 51.7 | 22.2% |
| Total | 1,411 | 3,262 | 5,111 | 9,024 | 85.6% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to France in 2022:
- Belgium (2411.4 tons)
- Germany (847.3 tons)
- United Kingdom (707.7 tons)
- Netherlands (577.2 tons)
- Spain (269.9 tons)
- Italy (88.0 tons)
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