Price for Tallow; Other than Those of Heading 1503 in the UK - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in the UK (FOB) - 2023
- Price for Tallow; Other than Those of Heading 1503 in the UK (CIF) - 2023
- Exports of Tallow; Other than Those of Heading 1503 in the UK
- Imports of Tallow; Other than Those of Heading 1503 in the UK
Price for Tallow; Other than Those of Heading 1503 in the UK (FOB) - 2023
The average export price for tallow; other than those of heading 1503s stood at $1,043 per ton in August 2023, approximately mirroring the previous month. In general, the export price, however, showed a perceptible decline. The growth pace was the most rapid in December 2022 an increase of 4.3% against the previous month. As a result, the export price reached the peak level of $1,486 per ton. From January 2023 to August 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In August 2023, the country with the highest price was Belgium ($1,189 per ton), while the average price for exports to Ireland ($1,123 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.2%), while the prices for the other major destinations experienced a decline.
Price for Tallow; Other than Those of Heading 1503 in the UK (CIF) - 2023
The average import price for tallow; other than those of heading 1503s stood at $1,006 per ton in August 2023, dropping by -16.8% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 66% month-to-month. As a result, import price attained the peak level of $1,715 per ton. From January 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Poland ($2,399 per ton), while the price for Ireland ($803 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tallow; Other than Those of Heading 1503 in the UK
For the third consecutive year, the UK recorded decline in shipments abroad of tallow; other than those of heading 1503s, which decreased by -21% to 28K tons in 2022. In general, exports recorded a dramatic decrease. The smallest decline of -13.6% was in 2020.
In value terms, exports of tallow; other than those of heading 1503s stood at $42M in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 9.8% against the previous year. As a result, the exports reached the peak of $55M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tallow; Other than Those of Heading 1503 in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 21.0 | 26.5 | 16.8 | 12.6 | -15.7% |
| Ireland | 5.8 | 9.5 | 15.5 | 9.3 | 17.0% |
| Belgium | 13.0 | 11.0 | 8.0 | 8.0 | -14.9% |
| France | 2.4 | 2.4 | 0.5 | 0.5 | -40.7% |
| Germany | 5.2 | 3.9 | N/A | N/A | -25.0% |
| Others | 2.4 | 1.5 | 0.4 | 11.1 | 66.6% |
| Total | 50.0 | 54.9 | 41.2 | 41.6 | -5.9% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from the UK in 2022:
- Netherlands (8.4K tons)
- Ireland (5.9K tons)
- Belgium (5.2K tons)
- France (0.8K tons)
Imports of Tallow; Other than Those of Heading 1503 in the UK
After two years of decline, overseas purchases of tallow; other than those of heading 1503s increased by 0.1% to 18K tons in 2022. In general, imports, however, continue to indicate a sharp decrease.
In value terms, imports of tallow; other than those of heading 1503s surged to $20M in 2022. Overall, imports, however, continue to indicate a noticeable reduction.
| Import of Tallow; Other than Those of Heading 1503 in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 18.5 | 17.2 | 8.2 | 10.4 | -17.5% |
| Belgium | 0.2 | 0.3 | 1.8 | 4.8 | 188.4% |
| Germany | 0.4 | N/A | N/A | 1.6 | 58.7% |
| Netherlands | 0.6 | 0.1 | N/A | 1.5 | 35.7% |
| Denmark | 2.9 | N/A | N/A | 1.3 | -23.5% |
| Others | 0.3 | 0.1 | 0.2 | 1.0 | 49.4% |
| Total | 22.8 | 17.8 | 10.2 | 20.5 | -3.5% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to the UK in 2022:
- Ireland (12.9K tons)
- Belgium (2.2K tons)
- Germany (0.8K tons)
- Netherlands (0.7K tons)
- Denmark (0.6K tons)
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