Price for Tallow; Other than Those of Heading 1503 in Latvia - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Latvia (FOB) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Latvia (CIF) - 2022
- Exports of Tallow; Other than Those of Heading 1503 in Latvia
- Imports of Tallow; Other than Those of Heading 1503 in Latvia
Price for Tallow; Other than Those of Heading 1503 in Latvia (FOB) - 2022
In 2022, the average export price for tallow; other than those of heading 1503s amounted to $562 per ton, picking up by 39% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 78%. Over the period under review, the average export prices attained the maximum at $794 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($1,459 per ton), while the average price for exports to Poland stood at $532 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tallow; Other than Those of Heading 1503 in Latvia (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $993 per ton in 2022, dropping by -42.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the peak figure at $1,733 per ton in 2021, and then fell rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($11,000 per ton), while the price for Lithuania ($969 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tallow; Other than Those of Heading 1503 in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of tallow; other than those of heading 1503s, when their volume decreased by -55.3% to 131 tons. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 73%. As a result, the exports reached the peak of 293 tons, and then fell significantly in the following year.
In value terms, exports of tallow; other than those of heading 1503s reduced remarkably to $74K in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 208%. As a result, the exports attained the peak of $118K, and then shrank sharply in the following year.
| Export of Tallow; Other than Those of Heading 1503 in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 38.1 | 34.7 | 65.2 | 67.5 | 21.0% |
| Estonia | N/A | N/A | 5.8 | 6.0 | 3.4% |
| Italy | N/A | 3.6 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 47.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 38.1 | 38.3 | 118 | 73.5 | 24.5% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Latvia in 2022:
- Poland (126.8 tons)
- Estonia (4.1 tons)
Imports of Tallow; Other than Those of Heading 1503 in Latvia
In 2022, the amount of tallow; other than those of heading 1503s imported into Latvia contracted modestly to 1.9 tons, remaining relatively unchanged against 2021 figures. Overall, imports recorded a slight setback.
In value terms, imports of tallow; other than those of heading 1503s shrank sharply to $1.8K in 2022. In general, imports showed a significant decline.
| Import of Tallow; Other than Those of Heading 1503 in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Lithuania | 3.3 | 1.7 | -48.5% | ||
| Germany | N/A | 0.1 | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 3.3 | 1.8 | -45.5% | ||
Top Suppliers of Tallow; Other than Those of Heading 1503 to Latvia in 2022:
- Lithuania (1784.0 kg)
- Germany (74.0 kg)
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