Price for Tallow; Other than Those of Heading 1503 in Austria - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Austria (CIF) - 2023
- Price for Tallow; Other than Those of Heading 1503 in Austria (FOB) - 2023
- Imports of Tallow; Other than Those of Heading 1503 in Austria
- Exports of Tallow; Other than Those of Heading 1503 in Austria
Price for Tallow; Other than Those of Heading 1503 in Austria (CIF) - 2023
The average import price for tallow; other than those of heading 1503s stood at $1,289 per ton in August 2023, shrinking by -14.6% against the previous month. In general, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in January 2023 an increase of 4.4% against the previous month. The import price peaked at $1,854 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($1,367 per ton), while the price for the Netherlands stood at $1,180 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (-2.5%).
Price for Tallow; Other than Those of Heading 1503 in Austria (FOB) - 2023
The average export price for tallow; other than those of heading 1503s stood at $841 per ton in August 2023, with an increase of 6% against the previous month. Overall, the export price, however, continues to indicate a sharp contraction. The growth pace was the most rapid in October 2022 an increase of 80% against the previous month. As a result, the export price reached the peak level of $19,651 per ton. From November 2022 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Germany ($1,164 per ton), while the average price for exports to Slovakia ($573 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Tallow; Other than Those of Heading 1503 in Austria
After three years of growth, purchases abroad of tallow; other than those of heading 1503s decreased by -16.2% to 2K tons in 2022. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year.
In value terms, imports of tallow; other than those of heading 1503s rose remarkably to $3.3M in 2022. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 53%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tallow; Other than Those of Heading 1503 in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 662 | 794 | 1,231 | 1,897 | 42.0% |
| Netherlands | 258 | 683 | 1,038 | 1,219 | 67.8% |
| Italy | 358 | 377 | 605 | 108 | -32.9% |
| Czech Republic | N/A | N/A | 38.3 | 66.8 | 74.4% |
| Others | 22.6 | 132 | 109 | 38.2 | 19.1% |
| Total | 1,300 | 1,986 | 3,020 | 3,329 | 36.8% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Austria in 2022:
- Germany (1106.1 tons)
- Netherlands (756.0 tons)
- Italy (72.7 tons)
- Czech Republic (49.6 tons)
Exports of Tallow; Other than Those of Heading 1503 in Austria
In 2022, after two years of decline, there was significant growth in shipments abroad of tallow; other than those of heading 1503s, when their volume increased by 1,566% to 516 tons. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tallow; other than those of heading 1503s soared to $430K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tallow; Other than Those of Heading 1503 in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | N/A | N/A | N/A | 313 | 0% |
| Germany | 3.1 | 0.4 | 0.7 | 110 | 228.6% |
| Montenegro | 43.7 | 7.7 | 5.0 | 4.5 | -53.1% |
| Bosnia and Herzegovina | 12.2 | 71.7 | 22.1 | N/A | 34.6% |
| Croatia | N/A | 8.6 | 2.3 | N/A | -73.3% |
| Serbia | 25.9 | N/A | N/A | N/A | 0% |
| Turkey | 86.1 | N/A | N/A | N/A | 0% |
| Others | 42.6 | 5.9 | 9.4 | 2.2 | -62.8% |
| Total | 214 | 94.3 | 39.5 | 430 | 26.2% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Austria in 2022:
- Slovakia (399.6 tons)
- Germany (114.0 tons)
- Montenegro (2.2 tons)
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