Price for Tallow; Other than Those of Heading 1503 in the United States - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in the United States (CIF) - 2022
- Price for Tallow; Other than Those of Heading 1503 in the United States (FOB) - 2023
- Imports of Tallow; Other than Those of Heading 1503 in the United States
- Exports of Tallow; Other than Those of Heading 1503 in the United States
Price for Tallow; Other than Those of Heading 1503 in the United States (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $1,705 per ton, rising by 24% against the previous year. In general, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 68%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($1,788 per ton) and New Zealand ($1,761 per ton), while the price for Argentina ($1,452 per ton) and Brazil ($1,476 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+39.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tallow; Other than Those of Heading 1503 in the United States (FOB) - 2023
In September 2023, the average export price for tallow; other than those of heading 1503s amounted to $1,636 per ton, picking up by 5.7% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 19% month-to-month. The export price peaked in September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Canada ($1,670 per ton), while the average price for exports to China ($1,035 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tallow; Other than Those of Heading 1503 in the United States
In 2022, the amount of tallow; other than those of heading 1503s imported into the United States soared to 554K tons, jumping by 67% compared with 2021. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tallow; other than those of heading 1503s soared to $945M in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 130%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Tallow; Other than Those of Heading 1503 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 131 | 173 | 279 | 433 | 49.0% |
| Australia | 20.2 | 21.8 | 103 | 235 | 126.6% |
| New Zealand | 0.2 | 0.2 | 52.4 | 87.1 | 658.0% |
| Brazil | N/A | N/A | 13.3 | 84.4 | 534.6% |
| Uruguay | 0.8 | N/A | 8.8 | 76.7 | 357.7% |
| Argentina | 0.2 | 1.4 | 1.1 | 25.4 | 402.7% |
| Others | 0.7 | 2.4 | 0.5 | 2.7 | 56.8% |
| Total | 153 | 199 | 458 | 945 | 83.5% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to the United States in 2022:
- Canada (242.4K tons)
- Australia (135.9K tons)
- Brazil (57.2K tons)
- Uruguay (49.8K tons)
- New Zealand (49.5K tons)
- Argentina (17.5K tons)
Exports of Tallow; Other than Those of Heading 1503 in the United States
In 2022, the amount of tallow; other than those of heading 1503s exported from the United States dropped notably to 345K tons, declining by -23.8% compared with 2021 figures. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year. As a result, the exports attained the peak of 453K tons, and then declined significantly in the following year.
In value terms, exports of tallow; other than those of heading 1503s shrank notably to $468M in 2022. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. As a result, the exports reached the peak of $597M, and then contracted rapidly in the following year.
| Export of Tallow; Other than Those of Heading 1503 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 187 | 180 | 264 | 193 | 1.1% |
| Singapore | 69.0 | 37.5 | 215 | 163 | 33.2% |
| Canada | 23.7 | 39.0 | 83.9 | 106 | 64.8% |
| Morocco | 8.7 | 10.5 | 7.9 | N/A | -4.7% |
| Turkey | 7.9 | 13.5 | 0.7 | N/A | -70.2% |
| Brazil | N/A | 20.4 | 2.3 | N/A | -88.7% |
| Others | 13.2 | 17.0 | 23.4 | 7.1 | -18.7% |
| Total | 309 | 318 | 597 | 468 | 14.8% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from the United States in 2022:
- Canada (115.6K tons)
- Mexico (115.0K tons)
- Singapore (109.4K tons)
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