Price for Tallow; Other than Those of Heading 1503 in Estonia - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Estonia (FOB) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Estonia (CIF) - 2022
- Exports of Tallow; Other than Those of Heading 1503 in Estonia
- Imports of Tallow; Other than Those of Heading 1503 in Estonia
Price for Tallow; Other than Those of Heading 1503 in Estonia (FOB) - 2022
In 2022, the average export price for tallow; other than those of heading 1503s amounted to $1,155 per ton, picking up by 51% against the previous year. Overall, the export price enjoyed a tangible increase. The pace of growth appeared the most rapid in 2013 an increase of 85%. The export price peaked at $2,568 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Czech Republic.
From 2012 to 2022, the rate of growth in terms of prices for Finland amounted to +16.5% per year.
Price for Tallow; Other than Those of Heading 1503 in Estonia (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $1,422 per ton, surging by 28% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tallow; other than those of heading 1503s increased by +78.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 39%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($32,250 per ton), while the price for Finland ($917 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+43.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tallow; Other than Those of Heading 1503 in Estonia
In 2022, the amount of tallow; other than those of heading 1503s exported from Estonia dropped rapidly to 1.1K tons, waning by -40.8% compared with the previous year. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. As a result, the exports attained the peak of 1.8K tons, and then reduced notably in the following year.
In value terms, exports of tallow; other than those of heading 1503s fell to $1.2M in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 93% against the previous year. As a result, the exports reached the peak of $1.4M, and then contracted in the following year.
| Export of Tallow; Other than Those of Heading 1503 in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 635 | 713 | 1,375 | 1,227 | 24.6% |
| Others | 0.1 | 0.2 | N/A | 0.8 | 100.0% |
| Total | 635 | 713 | 1,375 | 1,228 | 24.6% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Estonia in 2022:
- Czech Republic (1062.8 tons)
Imports of Tallow; Other than Those of Heading 1503 in Estonia
For the third consecutive year, Estonia recorded decline in overseas purchases of tallow; other than those of heading 1503s, which decreased by -4.1% to 652 tons in 2022. In general, imports showed a abrupt contraction.
In value terms, imports of tallow; other than those of heading 1503s surged to $927K in 2022. Over the period under review, total imports indicated buoyant growth 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 increased by +58.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Tallow; Other than Those of Heading 1503 in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 510 | 295 | 470 | 806 | 16.5% |
| Finland | 129 | 191 | 285 | 121 | -2.1% |
| Poland | 72.7 | 98.3 | N/A | 0.1 | -88.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 712 | 584 | 756 | 927 | 9.2% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Estonia in 2022:
- Germany (519.9 tons)
- Finland (131.6 tons)
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