Price for Tallow; Other than Those of Heading 1503 in Chile - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Chile (CIF) - 2023
- Price for Tallow; Other than Those of Heading 1503 in Chile (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Chile
- Exports of Tallow; Other than Those of Heading 1503 in Chile
Price for Tallow; Other than Those of Heading 1503 in Chile (CIF) - 2023
The average import price for tallow; other than those of heading 1503s stood at $1,155 per ton in September 2023, which is down by -24.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 34% m-o-m. As a result, import price reached the peak level of $1,525 per ton, and then declined markedly in the following month.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Paraguay ($1,342 per ton), while the price for Argentina ($1,038 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Argentina (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tallow; Other than Those of Heading 1503 in Chile (FOB) - 2022
The average export price for tallow; other than those of heading 1503s stood at $577 per ton in 2022, falling by -7.4% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 16%. Over the period under review, the average export prices reached the maximum at $979 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -6.5% per year.
Imports of Tallow; Other than Those of Heading 1503 in Chile
In 2022, after three years of growth, there was significant decline in purchases abroad of tallow; other than those of heading 1503s, when their volume decreased by -13.8% to 4.6K tons. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 58% against the previous year.
In value terms, imports of tallow; other than those of heading 1503s soared to $6.8M in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 87% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Tallow; Other than Those of Heading 1503 in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 1.9 | 3.1 | 5.3 | 4.6 | 34.3% |
| Paraguay | N/A | N/A | 0.6 | 2.2 | 266.7% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 1.9 | 3.2 | 5.9 | 6.8 | 53.0% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Chile in 2022:
- Argentina (3.2K tons)
- Paraguay (1.4K tons)
Exports of Tallow; Other than Those of Heading 1503 in Chile
In 2022, shipments abroad of tallow; other than those of heading 1503s was finally on the rise to reach 2.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt slump.
In value terms, exports of tallow; other than those of heading 1503s expanded slightly to $1.2M in 2022. Over the period under review, exports, however, showed a perceptible slump.
| Export of Tallow; Other than Those of Heading 1503 in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.3 | 1.3 | 1.2 | 1.2 | -2.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.3 | 1.3 | 1.2 | 1.2 | -2.6% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Chile in 2022:
- United States (2.2K tons)
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