Price for Tallow; Other than Those of Heading 1503 in Belarus - 2022
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Belarus (FOB) - 2022
- Exports of Tallow; Other than Those of Heading 1503 in Belarus
Price for Tallow; Other than Those of Heading 1503 in Belarus (FOB) - 2022
The average export price for tallow; other than those of heading 1503s stood at $1,598 per ton in March 2022, waning by -19.2% against the previous month. Overall, export price indicated a measured expansion from March 2021 to March 2022: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, export price for tallow; other than those of heading 1503s decreased by -41.4% against November 2021 indices. The pace of growth appeared the most rapid in August 2021 when the average export price increased by 20% m-o-m. The export price peaked at $2,725 per ton in November 2021; however, from December 2021 to March 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In March 2022, the country with the highest price was Russia ($1,598 per ton), while the average price for exports to Kazakhstan stood at $1,597 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Tallow; Other than Those of Heading 1503 in Belarus
For the third year in a row, Belarus recorded decline in shipments abroad of tallow; other than those of heading 1503s, which decreased by -25% to 3.8K tons in 2022. Over the period under review, exports showed a abrupt slump. The smallest decline of -8.9% was in 2021.
In value terms, exports of tallow; other than those of heading 1503s surged to $11M in 2022. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 57%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Tallow; Other than Those of Heading 1503 in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 5.8 | 4.6 | 8.0 | 9.7 | 18.7% |
| Kazakhstan | 0.4 | 1.0 | 1.0 | 1.0 | 35.7% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 6.3 | 5.8 | 9.1 | 10.9 | 20.0% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Belarus in 2022:
- Russia (3.3K tons)
- Kazakhstan (0.4K tons)
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