Price for Tallow; Other than Those of Heading 1503 in Malaysia - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Malaysia (CIF) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Malaysia (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Malaysia
- Exports of Tallow; Other than Those of Heading 1503 in Malaysia
Price for Tallow; Other than Those of Heading 1503 in Malaysia (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $2,199 per ton, growing by 26% against the previous year. In general, the import price showed a moderate increase. The growth pace was the most rapid in 2021 an increase of 79%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($2,257 per ton), while the price for Brazil amounted to $2,078 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+58.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tallow; Other than Those of Heading 1503 in Malaysia (FOB) - 2022
The average export price for tallow; other than those of heading 1503s stood at $826 per ton in 2022, approximately reflecting the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices reached the peak figure at $845 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($1,400 per ton), while the average price for exports to Angola stood at $82 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+27.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tallow; Other than Those of Heading 1503 in Malaysia
In 2022, imports of tallow; other than those of heading 1503s into Malaysia declined modestly to 1.6K tons, waning by -3.8% against the year before. In general, imports recorded a significant decline.
In value terms, imports of tallow; other than those of heading 1503s skyrocketed to $3.6M in 2022. Over the period under review, imports continue to indicate a sharp descent.
| Import of Tallow; Other than Those of Heading 1503 in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1.3 | 2.3 | 2.2 | 2.9 | 30.7% |
| Brazil | N/A | 0.1 | 0.7 | 0.7 | 164.6% |
| Australia | N/A | 2.9 | N/A | N/A | 0% |
| United States | 12.0 | N/A | N/A | N/A | 0% |
| Netherlands | 5.7 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Total | 19.1 | 5.3 | 3.0 | 3.6 | -42.7% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Malaysia in 2022:
- New Zealand (1292.1 tons)
- Brazil (315.1 tons)
Exports of Tallow; Other than Those of Heading 1503 in Malaysia
For the third year in a row, Malaysia recorded decline in shipments abroad of tallow; other than those of heading 1503s, which decreased by 0% to 388 tons in 2022. Overall, exports continue to indicate a precipitous descent. The smallest decline of -97.9% was in 2020.
In value terms, exports of tallow; other than those of heading 1503s stood at $321K in 2022. Over the period under review, exports recorded a precipitous decrease. The smallest decline of -97.1% was in 2020.
| Export of Tallow; Other than Those of Heading 1503 in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 7.6 | 0.6 | N/A | 0.3 | -66.0% |
| Angola | N/A | N/A | N/A | N/A | 0% |
| Afghanistan | 14.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 22.2 | 0.6 | N/A | 0.3 | -76.2% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Malaysia in 2022:
- Ireland (219.4 tons)
- Angola (169.0 tons)
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