Price for Tallow; Other than Those of Heading 1503 in Lithuania - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Lithuania (CIF) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Lithuania (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Lithuania
- Exports of Tallow; Other than Those of Heading 1503 in Lithuania
Price for Tallow; Other than Those of Heading 1503 in Lithuania (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $1,750 per ton, increasing by 24% against the previous year. In general, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 71% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for Poland.
From 2012 to 2022, the rate of growth in terms of prices for Latvia amounted to +6.1% per year.
Price for Tallow; Other than Those of Heading 1503 in Lithuania (FOB) - 2022
In 2022, the average export price for tallow; other than those of heading 1503s amounted to $1,826 per ton, increasing by 37% against the previous year. Over the period under review, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 64%. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($2,075 per ton), while the average price for exports to Poland ($1,570 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tallow; Other than Those of Heading 1503 in Lithuania
Imports of tallow; other than those of heading 1503s into Lithuania totaled 171 tons in 2022, increasing by 9.4% compared with the previous year's figure. In general, imports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of 312 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 skyrocketed to $300K in 2022. The total import value increased at an average annual rate of +13.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tallow; Other than Those of Heading 1503 in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 201 | 258 | 207 | 298 | 14.0% |
| Others | 2.9 | 1.5 | 14.6 | 1.8 | -14.7% |
| Total | 204 | 259 | 222 | 300 | 13.7% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Lithuania in 2022:
- Poland (170.3 tons)
Exports of Tallow; Other than Those of Heading 1503 in Lithuania
Exports of tallow; other than those of heading 1503s from Lithuania reduced notably to 58 tons in 2022, with a decrease of -79.5% on the year before. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 287% against the previous year. As a result, the exports attained the peak of 283 tons, and then contracted notably in the following year.
In value terms, exports of tallow; other than those of heading 1503s shrank markedly to $106K in 2022. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 535% against the previous year. As a result, the exports reached the peak of $377K, and then fell dramatically in the following year.
| Export of Tallow; Other than Those of Heading 1503 in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 4.8 | N/A | 225 | 43.2 | 108.0% |
| Sweden | 10.4 | 15.6 | 16.9 | 37.3 | 53.1% |
| Poland | N/A | N/A | N/A | 23.7 | 0% |
| Kazakhstan | 8.4 | 40.6 | 54.7 | N/A | 155.2% |
| Hungary | 14.4 | N/A | N/A | N/A | 0% |
| Belgium | N/A | N/A | 44.1 | N/A | 0% |
| Austria | N/A | N/A | 31.5 | N/A | 0% |
| Lebanon | 13.8 | N/A | N/A | N/A | 0% |
| Netherlands | 13.9 | N/A | N/A | N/A | 0% |
| Others | 3.4 | 3.2 | 3.8 | 1.6 | -22.2% |
| Total | 69.0 | 59.3 | 377 | 106 | 15.4% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Lithuania in 2022:
- Estonia (24.0 tons)
- Sweden (18.0 tons)
- Poland (15.1 tons)
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