Price for Tallow; Other than Those of Heading 1503 in India - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in India (FOB) - 2023
- Price for Tallow; Other than Those of Heading 1503 in India (CIF) - 2022
- Exports of Tallow; Other than Those of Heading 1503 in India
- Imports of Tallow; Other than Those of Heading 1503 in India
Price for Tallow; Other than Those of Heading 1503 in India (FOB) - 2023
The average export price for tallow; other than those of heading 1503s stood at $1,055 per ton in July 2023, almost unchanged from the previous month. In general, the export price recorded a slight slump. The growth pace was the most rapid in February 2023 when the average export price increased by 5.8% m-o-m. As a result, the export price reached the peak level of $1,212 per ton. From March 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In July 2023, the country with the highest price was Malaysia ($1,061 per ton), while the average price for exports to Nepal stood at $1,020 per ton.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+0.8%).
Price for Tallow; Other than Those of Heading 1503 in India (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $451 per ton, which is down by -21.2% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 51%. Over the period under review, average import prices reached the peak figure at $708 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +6.1% per year.
Exports of Tallow; Other than Those of Heading 1503 in India
In 2022, approx. 77K tons of tallow; other than those of heading 1503s were exported from India; jumping by 75% on the year before. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tallow; other than those of heading 1503s skyrocketed to $97M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tallow; Other than Those of Heading 1503 in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.1 | 9.9 | 24.7 | 83.8 | 323.9% |
| Nepal | 6.8 | 9.2 | 18.0 | 12.6 | 22.8% |
| Pakistan | 5.4 | N/A | N/A | 0.2 | -66.7% |
| Others | 1.2 | 0.5 | 0.2 | 0.6 | -20.6% |
| Total | 14.5 | 19.6 | 43.0 | 97.2 | 88.6% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from India in 2022:
- Malaysia (65.3K tons)
- Nepal (11.1K tons)
- Pakistan (0.1K tons)
Imports of Tallow; Other than Those of Heading 1503 in India
In 2022, supplies from abroad of tallow; other than those of heading 1503s decreased by -83.1% to 75 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a dramatic slump. The pace of growth was the most pronounced in 2020 when imports increased by 125% against the previous year. As a result, imports reached the peak of 1.1K 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 declined rapidly to $34K in 2022. In general, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 241%. As a result, imports attained the peak of $433K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Tallow; Other than Those of Heading 1503 in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 127 | 433 | 165 | 33.8 | -35.7% |
| Australia | N/A | N/A | 89.0 | N/A | 0% |
| Others | 0.6 | 0.2 | 0.2 | 0.2 | -30.7% |
| Total | 127 | 433 | 255 | 34.0 | -35.5% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to India in 2022:
- New Zealand (75.2 tons)
291
This report provides an in-depth analysis of the market for sheep, goat, cow fat in India.
985
This report provides an in-depth analysis of the tallow market in India.
558
Global Sheep, Goat, Cow Fat Market Report 2018. This report provides an in-depth analysis of the global market for sheep, goat, cow fat.
5931
This report provides an in-depth analysis of the global tallow market.
291
This report provides an in-depth analysis of the market for sheep, goat, cow fat in India.
985
This report provides an in-depth analysis of the tallow market in India.
558
Global Sheep, Goat, Cow Fat Market Report 2018. This report provides an in-depth analysis of the global market for sheep, goat, cow fat.
5931
This report provides an in-depth analysis of the global tallow market.
398
In July 2022, the tallow price per ton stood at $1.4K (FOB, India), declining by -3.3% against the previous month.
6708
In 2016, the global tallow market stood at X tons in 2016. Overall, the market was stable from 2007 to 2016, with only soft variations over the period.
1236
Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
2850
Global tallow exports amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
1839
Global tallow imports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
2579
In 2015, the country with the largest volume of the tallow output was the United States (X thousand tons), accounting for X% of global production.
1254
The tallow market volume followed an overall negative trend. A drop in 2008 was followed by stagnation at about X thousand tons, until the market fell again in 2012.
2088
The pursuit of healthy nutrition is an acute trend in the American lifestyle. However, the concern about health hasn't reached the entire population yet, as fast food is still highly sought, demonstrated by the strong deman
1318
The U.S. dominates in the global tallow trade. In 2014, the U.S. exported X thousand tons of tallow totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total tallow exports in
398
In July 2022, the tallow price per ton stood at $1.4K (FOB, India), declining by -3.3% against the previous month.
