Price for Tallow; Other than Those of Heading 1503 in South Africa - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in South Africa (FOB) - 2023
- Price for Tallow; Other than Those of Heading 1503 in South Africa (CIF) - 2022
- Exports of Tallow; Other than Those of Heading 1503 in South Africa
- Imports of Tallow; Other than Those of Heading 1503 in South Africa
Price for Tallow; Other than Those of Heading 1503 in South Africa (FOB) - 2023
In July 2023, the average export price for tallow; other than those of heading 1503s amounted to $742 per ton, which is down by -5.5% against the previous month. Over the period from December 2022 to July 2023, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in January 2023 an increase of 15% m-o-m. Over the period under review, the average export prices reached the maximum at $786 per ton in June 2023, and then dropped in the following month.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Zimbabwe ($1,058 per ton), while the average price for exports to Mozambique ($579 per ton) was amongst the lowest.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+10.6%), while the prices for the other major destinations experienced a decline.
Price for Tallow; Other than Those of Heading 1503 in South Africa (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $992 per ton, increasing by 42% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $1,079 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Namibia ($1,107 per ton), while the price for Swaziland ($431 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+5.6%), while the prices for the other major suppliers experienced a decline.
Exports of Tallow; Other than Those of Heading 1503 in South Africa
In 2022, shipments abroad of tallow; other than those of heading 1503s decreased by -39.9% to 3.1K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by less than 0.1% against the previous year. As a result, the exports attained the peak of 5.7K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of tallow; other than those of heading 1503s reduced remarkably to $2.2M in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, the exports reached the peak of $3.3M, and then fell markedly in the following year.
| Export of Tallow; Other than Those of Heading 1503 in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 1.2 | 1.7 | 2.1 | 1.8 | 14.5% |
| Zimbabwe | 0.7 | 1.2 | 1.2 | 0.4 | -17.0% |
| Malawi | 1.2 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Total | 3.1 | 3.0 | 3.3 | 2.2 | -10.8% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from South Africa in 2022:
- Mozambique (2.8K tons)
- Zimbabwe (0.3K tons)
Imports of Tallow; Other than Those of Heading 1503 in South Africa
In 2022, the amount of tallow; other than those of heading 1503s imported into South Africa shrank sharply to 207 tons, with a decrease of -67.3% on 2021 figures. Over the period under review, imports showed a precipitous curtailment. The smallest decline of -35.3% was in 2021.
In value terms, imports of tallow; other than those of heading 1503s dropped rapidly to $205K in 2022. Overall, imports continue to indicate a precipitous shrinkage. The smallest decline of -11% was in 2021.
| Import of Tallow; Other than Those of Heading 1503 in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 1,088 | 339 | 380 | 169 | -46.2% |
| Swaziland | 8.2 | N/A | 14.0 | 13.9 | 19.2% |
| Botswana | 572 | 156 | 39.5 | N/A | -73.7% |
| Others | 16.5 | N/A | 7.3 | 21.8 | 9.7% |
| Total | 1,685 | 495 | 440 | 205 | -50.4% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to South Africa in 2022:
- Namibia (153.0 tons)
- Swaziland (32.2 tons)
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