Price for Tallow; Other than Those of Heading 1503 in Mexico - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Mexico (CIF) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Mexico
Price for Tallow; Other than Those of Heading 1503 in Mexico (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $1,872 per ton in 2022, surging by 47% against the previous year. Over the period under review, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.5% per year.
Imports of Tallow; Other than Those of Heading 1503 in Mexico
For the third year in a row, Mexico recorded decline in overseas purchases of tallow; other than those of heading 1503s, which decreased by -95.2% to 10K tons in 2022. In general, imports faced a sharp setback. The smallest decline of -7.8% was in 2020.
In value terms, imports of tallow; other than those of heading 1503s declined rapidly to $19M in 2022. Overall, imports showed a dramatic descent. The growth pace was the most rapid in 2021 when imports increased by 42%. As a result, imports attained the peak of $267M, and then fell rapidly in the following year.
Import of Tallow; Other than Those of Heading 1503 in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 187 | 180 | 264 | 18.8 | -53.5% |
Uruguay | 2.4 | 7.4 | 2.6 | N/A | 4.1% |
Others | 0.1 | 0.2 | 0.3 | N/A | 73.2% |
Total | 189 | 187 | 267 | 18.8 | -53.7% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Mexico in 2022:
- United States (10.0K tons)
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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.
Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
Global tallow exports amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global tallow imports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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.
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.
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
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
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.
Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.