Price for Tallow; Other than Those of Heading 1503 in the Netherlands - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in the Netherlands (CIF) - 2023
- Price for Tallow; Other than Those of Heading 1503 in the Netherlands (FOB) - 2023
- Imports of Tallow; Other than Those of Heading 1503 in the Netherlands
- Exports of Tallow; Other than Those of Heading 1503 in the Netherlands
Price for Tallow; Other than Those of Heading 1503 in the Netherlands (CIF) - 2023
The average import price for tallow; other than those of heading 1503s stood at $1,212 per ton in September 2023, growing by 2.4% against the previous month. Overall, the import price, however, recorded a pronounced setback. Over the period under review, average import prices hit record highs at $1,718 per ton in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From October 2022 to September 2023, the rate of growth in terms of prices for Israel amounted to +3.1% per month.
Price for Tallow; Other than Those of Heading 1503 in the Netherlands (FOB) - 2023
In September 2023, the average export price for tallow; other than those of heading 1503s amounted to $1,489 per ton, with a decrease of -13.2% against the previous month. In general, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in May 2023 an increase of 15% month-to-month. Over the period under review, the average export prices attained the peak figure at $2,015 per ton in November 2022; however, from December 2022 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In September 2023, the country with the highest price was the UK ($1,665 per ton), while the average price for exports to Serbia ($1,305 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.7%), while the prices for the other major destinations experienced a decline.
Imports of Tallow; Other than Those of Heading 1503 in the Netherlands
After three years of growth, overseas purchases of tallow; other than those of heading 1503s decreased by -13% to 79K tons in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports attained the peak of 91K tons, and then fell in the following year.
In value terms, imports of tallow; other than those of heading 1503s expanded modestly to $104M in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 105%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tallow; Other than Those of Heading 1503 in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 22.7 | 24.2 | 38.2 | 49.5 | 29.7% |
| Argentina | 1.3 | 1.1 | 23.1 | 13.4 | 117.6% |
| Ireland | 3.6 | 5.6 | 10.6 | 9.6 | 38.7% |
| Uruguay | N/A | 12.8 | 17.0 | 6.7 | -27.7% |
| Belgium | 0.9 | 1.5 | 2.3 | 6.7 | 95.3% |
| United Kingdom | 1.1 | 2.2 | 1.1 | 5.6 | 72.0% |
| Israel | N/A | N/A | N/A | 4.3 | 0% |
| Others | 1.4 | 1.3 | 7.4 | 8.3 | 81.0% |
| Total | 31.1 | 48.7 | 99.8 | 104 | 49.5% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to the Netherlands in 2022:
- Germany (35.0K tons)
- Argentina (14.5K tons)
- Uruguay (7.5K tons)
- Ireland (6.2K tons)
- Belgium (3.6K tons)
- United Kingdom (3.4K tons)
- Israel (3.0K tons)
Exports of Tallow; Other than Those of Heading 1503 in the Netherlands
In 2022, after two years of decline, there was significant growth in overseas shipments of tallow; other than those of heading 1503s, when their volume increased by 47% to 27K tons. Overall, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tallow; other than those of heading 1503s skyrocketed to $49M in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tallow; Other than Those of Heading 1503 in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 5.5 | 6.0 | 7.6 | 20.1 | 54.0% |
| Germany | 9.6 | 7.6 | 10.0 | 13.2 | 11.2% |
| Denmark | 0.7 | 0.8 | 2.5 | 3.6 | 72.6% |
| Poland | 0.1 | 0.1 | 0.2 | 3.0 | 210.7% |
| Italy | 0.4 | 0.7 | 1.5 | 2.0 | 71.0% |
| United Kingdom | 0.2 | 0.1 | 1.0 | 1.6 | 100.0% |
| France | 0.7 | 0.9 | 1.1 | 1.2 | 19.7% |
| Ireland | N/A | N/A | 0.6 | 1.2 | 100.0% |
| Hungary | 1.5 | 0.8 | 0.8 | 1.1 | -9.8% |
| Others | 1.4 | 1.7 | 2.0 | 1.7 | 6.7% |
| Total | 20.0 | 18.8 | 27.3 | 48.7 | 34.5% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from the Netherlands in 2022:
- Belgium (10.8K tons)
- Germany (7.1K tons)
- Poland (2.3K tons)
- Denmark (1.8K tons)
- Italy (1.0K tons)
- Ireland (0.9K tons)
- United Kingdom (0.8K tons)
- France (0.7K tons)
- Hungary (0.6K tons)
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This report provides an in-depth analysis of the market for sheep, goat, cow fat in the Netherlands.
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This report provides an in-depth analysis of the tallow market in the Netherlands.
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