Price for Tallow; Other than Those of Heading 1503 in Uruguay - 2022
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Uruguay (FOB) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Uruguay (CIF) - 2022
- Exports of Tallow; Other than Those of Heading 1503 in Uruguay
- Imports of Tallow; Other than Those of Heading 1503 in Uruguay
Price for Tallow; Other than Those of Heading 1503 in Uruguay (FOB) - 2022
In 2022, the average export price for tallow; other than those of heading 1503s amounted to $1,242 per ton, with an increase of 29% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tallow; other than those of heading 1503s increased by +123.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 44%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,128 per ton), while the average price for exports to South Africa ($832 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tallow; Other than Those of Heading 1503 in Uruguay (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $971 per ton in 2022, increasing by 23% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2021 an increase of 46% against the previous year. Over the period under review, average import prices attained the peak figure at $1,323 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 Paraguay ($1,144 per ton), while the price for Argentina stood at $951 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (-0.1%).
Exports of Tallow; Other than Those of Heading 1503 in Uruguay
In 2022, approx. 93K tons of tallow; other than those of heading 1503s were exported from Uruguay; with an increase of 14% compared with 2021 figures. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of tallow; other than those of heading 1503s soared to $115M in 2022. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 87% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Tallow; Other than Those of Heading 1503 in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.1 | 4.0 | 10.8 | 54.9 | 268.2% |
| Brazil | 4.0 | 4.8 | 15.9 | 21.9 | 76.2% |
| Singapore | 4.2 | 2.5 | 2.4 | 11.2 | 38.7% |
| China | 4.1 | 2.5 | 11.7 | 8.3 | 26.5% |
| Netherlands | 4.2 | 9.3 | 13.3 | 5.8 | 11.4% |
| Argentina | 0.1 | 0.3 | 1.0 | 4.6 | 258.3% |
| Spain | 1.8 | 2.6 | 4.0 | 4.1 | 31.6% |
| Finland | 7.2 | 6.2 | 9.8 | N/A | 16.7% |
| Mexico | 1.8 | 4.8 | 2.1 | N/A | 8.0% |
| Cuba | 1.9 | 1.3 | 1.7 | N/A | -5.4% |
| Others | 3.8 | 3.5 | 5.4 | 4.3 | 4.2% |
| Total | 34.4 | 41.8 | 78.1 | 115 | 49.5% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Uruguay in 2022:
- United States (44.8K tons)
- Brazil (17.2K tons)
- Singapore (10.6K tons)
- Netherlands (5.0K tons)
- Spain (4.0K tons)
- China (3.9K tons)
- Argentina (3.7K tons)
Imports of Tallow; Other than Those of Heading 1503 in Uruguay
In 2022, the amount of tallow; other than those of heading 1503s imported into Uruguay surged to 22K tons, growing by 55% against 2021. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of tallow; other than those of heading 1503s soared to $21M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 173%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Tallow; Other than Those of Heading 1503 in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 3.1 | 3.2 | 9.0 | 18.7 | 82.0% |
| Paraguay | 0.4 | 0.9 | 2.2 | 2.6 | 86.6% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 3.6 | 4.1 | 11.2 | 21.3 | 80.9% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Uruguay in 2022:
- Argentina (19.7K tons)
- Paraguay (2.2K tons)
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