Price for Tallow; Other than Those of Heading 1503 in Brazil - 2024
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Brazil (FOB) - 2024
- Price for Tallow; Other than Those of Heading 1503 in Brazil (CIF) - 2024
- Exports of Tallow; Other than Those of Heading 1503 in Brazil
- Imports of Tallow; Other than Those of Heading 1503 in Brazil
Price for Tallow; Other than Those of Heading 1503 in Brazil (FOB) - 2024
In September 2023, the average export price for tallow; other than those of heading 1503s amounted to $1,225 per ton, with an increase of 1.5% against the previous month. Over the period under review, the export price, however, saw a slight contraction. The growth pace was the most rapid in May 2023 when the average export price increased by 12% against the previous month. The export price peaked at $1,422 per ton in February 2023; however, from March 2023 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In September 2023, the country with the highest price was Malaysia ($1,465 per ton), while the average price for exports to the United States ($1,223 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+0.9%), while the prices for the other major destinations experienced a decline.
Price for Tallow; Other than Those of Heading 1503 in Brazil (CIF) - 2024
The average import price for tallow; other than those of heading 1503s stood at $817 per ton in September 2023, surging by 9.3% against the previous month. Overall, the import price, however, saw a noticeable decline. The import price peaked at $988 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Uruguay ($1,785 per ton), while the price for Bolivia ($694 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Uruguay (+8.7%), while the prices for the other major suppliers experienced a decline.
Exports of Tallow; Other than Those of Heading 1503 in Brazil
In 2022, approx. 81K tons of tallow; other than those of heading 1503s were exported from Brazil; picking up by 250% on 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 294% 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 surged to $130M in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 330% 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 Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 13.3 | 92.4 | 594.7% |
| China | 1.1 | 2.5 | 11.3 | 23.3 | 176.7% |
| South Africa | 0.6 | 0.8 | 2.6 | 1.9 | 46.8% |
| Saudi Arabia | 0.3 | 0.3 | 0.8 | 1.8 | 81.7% |
| Netherlands | 3.5 | N/A | 0.1 | 0.1 | -69.4% |
| Others | 3.9 | 5.3 | 9.8 | 10.1 | 37.3% |
| Total | 9.5 | 8.8 | 38.0 | 130 | 139.2% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Brazil in 2022:
- United States (62.8K tons)
- China (10.6K tons)
- South Africa (1.7K tons)
- Saudi Arabia (1.2K tons)
- Netherlands (0.1K tons)
Imports of Tallow; Other than Those of Heading 1503 in Brazil
In 2022, overseas purchases of tallow; other than those of heading 1503s decreased by -4.8% to 75K tons, falling for the second year in a row after two years of growth. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 62% against the previous year. As a result, imports attained the peak of 95K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tallow; other than those of heading 1503s soared to $93M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 115%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Tallow; Other than Those of Heading 1503 in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 19.0 | 24.5 | 45.0 | 60.9 | 47.4% |
| Uruguay | 5.2 | 12.0 | 16.4 | 22.1 | 62.0% |
| Bolivia | N/A | 0.7 | 1.6 | 5.2 | 172.6% |
| Argentina | 6.4 | 11.5 | 3.8 | 4.4 | -11.7% |
| United States | 0.1 | 17.4 | 6.8 | N/A | 724.6% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 30.7 | 66.1 | 73.6 | 92.6 | 44.5% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Brazil in 2022:
- Paraguay (49.0K tons)
- Uruguay (17.2K tons)
- Bolivia (4.7K tons)
- Argentina (4.0K tons)
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