Price for Tallow; Other than Those of Heading 1503 in New Zealand - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in New Zealand (FOB) - 2023
- Price for Tallow; Other than Those of Heading 1503 in New Zealand (CIF) - 2023
- Exports of Tallow; Other than Those of Heading 1503 in New Zealand
- Imports of Tallow; Other than Those of Heading 1503 in New Zealand
Price for Tallow; Other than Those of Heading 1503 in New Zealand (FOB) - 2023
The average export price for tallow; other than those of heading 1503s stood at $1,770 per ton in September 2023, rising by 26% against the previous month. Over the last nine months, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 33% against the previous month. Over the period under review, the average export prices attained the peak figure in September 2023.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Canada ($2,203 per ton), while the average price for exports to Samoa ($788 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.0%), while the prices for the other major destinations experienced a decline.
Price for Tallow; Other than Those of Heading 1503 in New Zealand (CIF) - 2023
The average import price for tallow; other than those of heading 1503s stood at $1,573 per ton in September 2023, falling by -3.3% against the previous month. Overall, the import price saw a mild setback. The most prominent rate of growth was recorded in January 2023 an increase of 3.2% month-to-month. As a result, import price reached the peak level of $1,933 per ton. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From December 2022 to September 2023, the rate of growth in terms of prices for Australia amounted to -1.9% per month.
Exports of Tallow; Other than Those of Heading 1503 in New Zealand
In 2022, the amount of tallow; other than those of heading 1503s exported from New Zealand contracted remarkably to 118K tons, dropping by -19.1% on the year before. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports reached the peak of 145K tons, and then reduced notably in the following year.
In value terms, exports of tallow; other than those of heading 1503s rose to $176M in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 111% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Tallow; Other than Those of Heading 1503 in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 0.1 | 66.0 | 135 | 3574.2% |
| Singapore | 33.2 | 61.5 | 83.2 | 34.7 | 1.5% |
| China | 26.9 | 14.2 | 15.6 | 0.4 | -75.4% |
| Others | 5.3 | 4.7 | 5.0 | 6.1 | 4.8% |
| Total | 65.5 | 80.5 | 170 | 176 | 39.0% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from New Zealand in 2022:
- United States (85.6K tons)
- Singapore (28.1K tons)
- China (0.4K tons)
Imports of Tallow; Other than Those of Heading 1503 in New Zealand
In 2022, after two years of decline, there was significant growth in overseas purchases of tallow; other than those of heading 1503s, when their volume increased by 15% to 759 tons. In general, imports, however, continue to indicate a dramatic downturn.
In value terms, imports of tallow; other than those of heading 1503s skyrocketed to $1.5M in 2022. Overall, imports, however, saw a abrupt slump.
| Import of Tallow; Other than Those of Heading 1503 in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.1 | 0.7 | 0.8 | 1.5 | -10.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.1 | 0.7 | 0.8 | 1.5 | -10.6% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to New Zealand in 2022:
- Australia (759.0 tons)
986
This report provides an in-depth analysis of the tallow market in New Zealand.
558
Global Sheep, Goat, Cow Fat Market Report 2018. This report provides an in-depth analysis of the global market for sheep, goat, cow fat.
5941
This report provides an in-depth analysis of the global tallow market.
986
This report provides an in-depth analysis of the tallow market in New Zealand.
558
Global Sheep, Goat, Cow Fat Market Report 2018. This report provides an in-depth analysis of the global market for sheep, goat, cow fat.
5941
This report provides an in-depth analysis of the global tallow market.
6712
In 2016, the global tallow market stood at X tons in 2016. Overall, the market was stable from 2007 to 2016, with only soft variations over the period.
1237
Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
2857
Global tallow exports amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
1842
Global tallow imports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
2583
In 2015, the country with the largest volume of the tallow output was the United States (X thousand tons), accounting for X% of global production.
1255
The tallow market volume followed an overall negative trend. A drop in 2008 was followed by stagnation at about X thousand tons, until the market fell again in 2012.
2090
The pursuit of healthy nutrition is an acute trend in the American lifestyle. However, the concern about health hasn't reached the entire population yet, as fast food is still highly sought, demonstrated by the strong deman
1320
The U.S. dominates in the global tallow trade. In 2014, the U.S. exported X thousand tons of tallow totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total tallow exports in
6712
In 2016, the global tallow market stood at X tons in 2016. Overall, the market was stable from 2007 to 2016, with only soft variations over the period.
1237
Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
