Price for Tallow; Other than Those of Heading 1503 in Singapore - 2022
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Singapore (CIF) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Singapore (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Singapore
- Exports of Tallow; Other than Those of Heading 1503 in Singapore
Price for Tallow; Other than Those of Heading 1503 in Singapore (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $6,330 per ton, reducing by -17.2% against the previous year. Overall, the import price recorded a drastic downturn. The growth pace was the most rapid in 2018 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $12,942 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($6,461 per ton), while the price for Sweden ($5,813 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tallow; Other than Those of Heading 1503 in Singapore (FOB) - 2022
In 2022, the average export price for tallow; other than those of heading 1503s amounted to $20,773 per ton, approximately mirroring the previous year. Overall, the export price saw a dramatic shrinkage. The pace of growth was the most pronounced in 2021 a decrease of 99.9%. Over the period under review, the average export prices hit record highs at $183,673 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($22,550 per ton), while the average price for exports to Malaysia ($3,000 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+1.7%).
Imports of Tallow; Other than Those of Heading 1503 in Singapore
In 2022, after two years of growth, there was significant decline in overseas purchases of tallow; other than those of heading 1503s, when their volume decreased by -7.1% to 7.2 tons. The total import volume increased at an average annual rate of +14.3% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of 7.8 tons, and then reduced in the following year.
In value terms, imports of tallow; other than those of heading 1503s shrank dramatically to $46K in 2022. In general, total imports indicated a strong expansion from 2020 to 2022: its value increased at an average annual rate of +6.9% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. As a result, imports reached the peak of $59K, and then dropped remarkably in the following year.
| Import of Tallow; Other than Those of Heading 1503 in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| New Zealand | 4.9 | 8.1 | 35.5 | 169.2% | |
| Australia | 22.2 | 35.4 | 8.8 | -37.0% | |
| Sweden | N/A | N/A | 1.2 | 0% | |
| Malaysia | 2.4 | 2.3 | N/A | -4.2% | |
| United States | 8.1 | 9.7 | N/A | 19.8% | |
| Canada | 1.7 | 3.3 | N/A | 94.1% | |
| Others | 0.6 | 0.7 | 0.2 | -42.3% | |
| Total | 40.0 | 59.5 | 45.7 | 6.9% | |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Singapore in 2022:
- New Zealand (5.6 tons)
- Australia (1.4 tons)
- Sweden (0.2 tons)
Exports of Tallow; Other than Those of Heading 1503 in Singapore
Exports of tallow; other than those of heading 1503s from Singapore stood at 22 kg in 2022, remaining relatively unchanged against the previous year's figure. Over the period under review, exports showed a dramatic slump. The smallest decline of 99.9% was in 2021.
In value terms, exports of tallow; other than those of heading 1503s amounted to $457 in 2022. In general, exports saw a dramatic downturn. The smallest decline of 99.9% was in 2021.
| Export of Tallow; Other than Those of Heading 1503 in Singapore (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Zambia | 894 | N/A | 451 | -29.0% | |
| Malaysia | 18.0 | N/A | 3.0 | -59.2% | |
| Sweden | N/A | N/A | 3.0 | 0% | |
| Finland | 1.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 913 | N/A | 457 | -29.3% | |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Singapore in 2022:
- Zambia (20.0 kg)
- Malaysia (1.0 kg)
- Sweden (1.0 kg)
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