Price for Tallow; Other than Those of Heading 1503 in Italy - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Italy (FOB) - 2023
- Price for Tallow; Other than Those of Heading 1503 in Italy (CIF) - 2022
- Exports of Tallow; Other than Those of Heading 1503 in Italy
- Imports of Tallow; Other than Those of Heading 1503 in Italy
Price for Tallow; Other than Those of Heading 1503 in Italy (FOB) - 2023
In September 2023, the average export price for tallow; other than those of heading 1503s amounted to $1,034 per ton, picking up by 7.3% against the previous month. In general, the export price, however, saw a slight downturn. The export price peaked at $1,266 per ton in December 2022; however, from January 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Israel ($4,015 per ton), while the average price for exports to Cabo Verde ($1,337 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tallow; Other than Those of Heading 1503 in Italy (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $1,473 per ton in 2022, jumping by 37% against the previous year. Over the period under review, the import price saw noticeable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1,607 per ton), while the price for Israel ($965 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+45.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tallow; Other than Those of Heading 1503 in Italy
After three years of growth, overseas shipments of tallow; other than those of heading 1503s decreased by -23.9% to 16K tons in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 97% against the previous year. As a result, the exports reached the peak of 21K tons, and then contracted remarkably in the following year.
In value terms, exports of tallow; other than those of heading 1503s shrank to $22M in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 181% against the previous year. As a result, the exports attained the peak of $25M, and then reduced in the following year.
| Export of Tallow; Other than Those of Heading 1503 in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.0 | 5.6 | 16.2 | 12.9 | 47.7% |
| Netherlands | 0.2 | 1.0 | 5.9 | 6.0 | 210.7% |
| Germany | 0.1 | 0.2 | 0.5 | 1.3 | 135.1% |
| United Kingdom | N/A | N/A | 0.6 | 0.5 | -16.7% |
| Greece | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Turkey | N/A | 1.4 | 0.3 | N/A | -78.6% |
| Others | 0.2 | 0.5 | 1.0 | 0.9 | 65.1% |
| Total | 4.9 | 8.8 | 24.6 | 21.9 | 64.7% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Italy in 2022:
- Spain (9.5K tons)
- Netherlands (4.6K tons)
- Germany (0.8K tons)
- Greece (0.4K tons)
- United Kingdom (0.3K tons)
Imports of Tallow; Other than Those of Heading 1503 in Italy
In 2022, imports of tallow; other than those of heading 1503s into Italy shrank dramatically to 7.6K tons, with a decrease of -47.9% against 2021 figures. Over the period under review, imports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 when imports increased by 5.5% against the previous year.
In value terms, imports of tallow; other than those of heading 1503s dropped notably to $11M in 2022. Overall, total imports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +3.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, imports reached the peak of $16M, and then dropped significantly in the following year.
| Import of Tallow; Other than Those of Heading 1503 in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.8 | 3.2 | 3.9 | 4.9 | 39.6% |
| Germany | 5.3 | 3.7 | 4.6 | 2.0 | -27.7% |
| Austria | 1.3 | 1.5 | 2.3 | 1.8 | 11.5% |
| Switzerland | N/A | 0.1 | 0.4 | 0.8 | 182.8% |
| Slovenia | 0.4 | 0.5 | 1.2 | 0.7 | 20.5% |
| Spain | N/A | 0.2 | 0.1 | 0.5 | 58.1% |
| Israel | 0.1 | N/A | 0.4 | 0.3 | 44.2% |
| Argentina | 1.0 | N/A | N/A | N/A | 0% |
| Ireland | 0.4 | 1.7 | 0.5 | N/A | 11.8% |
| Others | 0.6 | 0.4 | 2.4 | 0.2 | -30.7% |
| Total | 10.9 | 11.2 | 15.8 | 11.3 | 1.2% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Italy in 2022:
- France (3282.6 tons)
- Germany (1351.6 tons)
- Austria (1209.0 tons)
- Switzerland (537.2 tons)
- Slovenia (496.5 tons)
- Spain (363.2 tons)
- Israel (308.0 tons)
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