Price for Tallow; Other than Those of Heading 1503 in Egypt - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Egypt (CIF) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Egypt
Price for Tallow; Other than Those of Heading 1503 in Egypt (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $1,542 per ton in 2022, growing by 41% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($1,542 per ton) and Colombia ($1,542 per ton), while the price for Uruguay ($1,542 per ton) and Paraguay ($1,542 per ton) were amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was attained by India (+42.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tallow; Other than Those of Heading 1503 in Egypt
In 2022, supplies from abroad of tallow; other than those of heading 1503s decreased by -25.1% to 849 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a mild descent. The pace of growth appeared the most rapid in 2020 when imports increased by 165%. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tallow; other than those of heading 1503s reached $1.3M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 88% against the previous year. As a result, imports attained the peak of $1.9M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Tallow; Other than Those of Heading 1503 in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 315 | 496 | 508 | 508 | 17.3% |
| Brazil | 122 | 681 | 103 | 425 | 51.6% |
| Uruguay | N/A | N/A | N/A | 204 | 0% |
| Colombia | N/A | 105 | 79.6 | 141 | 15.9% |
| India | N/A | 56.4 | 84.4 | 31.4 | -25.4% |
| South Africa | N/A | 74.4 | N/A | N/A | 0% |
| Denmark | 213 | 28.1 | 54.9 | N/A | -49.2% |
| Australia | 107 | 279 | 213 | N/A | 41.1% |
| Others | 249 | 171 | 199 | N/A | -10.6% |
| Total | 1,007 | 1,891 | 1,242 | 1,310 | 9.2% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Egypt in 2022:
- Paraguay (329.4 tons)
- Brazil (275.8 tons)
- Uruguay (132.1 tons)
- Colombia (91.4 tons)
- India (20.4 tons)
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