Price for Tallow; Other than Those of Heading 1503 in Azerbaijan - 2023

Contents:

  1. Price for Tallow; Other than Those of Heading 1503 in Azerbaijan (FOB) - 2022
  2. Price for Tallow; Other than Those of Heading 1503 in Azerbaijan (CIF) - 2022
  3. Exports of Tallow; Other than Those of Heading 1503 in Azerbaijan
  4. Imports of Tallow; Other than Those of Heading 1503 in Azerbaijan

Price for Tallow; Other than Those of Heading 1503 in Azerbaijan (FOB) - 2022

The average export price for tallow; other than those of heading 1503s stood at $405 per ton in 2022, growing by 52% against the previous year. Overall, the export price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 123% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($413 per ton), while the average price for exports to Tajikistan ($232 per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+51.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tallow; Other than Those of Heading 1503 in Azerbaijan (CIF) - 2022

In 2022, the average import price for tallow; other than those of heading 1503s amounted to $1,630 per ton, jumping by 40% against the previous year. In general, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 425% against the previous year. As a result, import price attained the peak level of $19,250 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2013 to 2022, the rate of growth in terms of prices for Brazil amounted to -25.9% per year.

Exports of Tallow; Other than Those of Heading 1503 in Azerbaijan

In 2022, the amount of tallow; other than those of heading 1503s exported from Azerbaijan skyrocketed to 857 tons, growing by 129% against the previous year's figure. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,605% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of tallow; other than those of heading 1503s soared to $347K in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 3,697% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Export of Tallow; Other than Those of Heading 1503 in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
KazakhstanN/AN/A28.5259808.8%
Afghanistan7.82.621.981.5118.6%
TajikistanN/AN/AN/A6.90%
Iran21.4N/A38.0N/A33.3%
OthersN/AN/A11.6N/A0%
Total29.12.6100347128.5%

Top Export Markets for Tallow; Other than Those of Heading 1503 from Azerbaijan in 2022:

  1. Kazakhstan (626.0 tons)
  2. Afghanistan (201.0 tons)
  3. Tajikistan (29.6 tons)

Imports of Tallow; Other than Those of Heading 1503 in Azerbaijan

In 2022, approx. 52 tons of tallow; other than those of heading 1503s were imported into Azerbaijan; with an increase of 2,293% against the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 479,925%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of tallow; other than those of heading 1503s skyrocketed to $84K in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 107,595%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Tallow; Other than Those of Heading 1503 in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BrazilN/A8.52.084.3214.9%
BelgiumN/A32.1N/AN/A0%
OthersN/A0.20.5N/A150.0%
TotalN/A40.92.584.343.6%

Top Suppliers of Tallow; Other than Those of Heading 1503 to Azerbaijan in 2022:

  1. Brazil (51.7 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Tallow; other than those of heading 1503 - Azerbaijan