Price for Tallow; Other than Those of Heading 1503 in Hungary - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Hungary (CIF) - 2023
- Price for Tallow; Other than Those of Heading 1503 in Hungary (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Hungary
- Exports of Tallow; Other than Those of Heading 1503 in Hungary
Price for Tallow; Other than Those of Heading 1503 in Hungary (CIF) - 2023
The average import price for tallow; other than those of heading 1503s stood at $1,307 per ton in August 2023, leveling off at the previous month. Over the period under review, the import price saw a perceptible contraction. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 152% month-to-month. As a result, import price attained the peak level of $2,984 per ton. From April 2023 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($1,306 per ton), while the price for Belgium totaled $1,292 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Tallow; Other than Those of Heading 1503 in Hungary (FOB) - 2022
In 2022, the average export price for tallow; other than those of heading 1503s amounted to $335 per ton, with a decrease of -22.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 56%. As a result, the export price attained the peak level of $434 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($475 per ton), while the average price for exports to Italy ($240 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 Bosnia and Herzegovina (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tallow; Other than Those of Heading 1503 in Hungary
In 2022, approx. 3K tons of tallow; other than those of heading 1503s were imported into Hungary; which is down by -5.5% against the year before. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of 3.1K tons, and then fell in the following year.
In value terms, imports of tallow; other than those of heading 1503s skyrocketed to $5.4M in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tallow; Other than Those of Heading 1503 in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 372 | 1,521 | 2,285 | 4,207 | 124.5% |
| Netherlands | 1,589 | 898 | 1,741 | 1,014 | -13.9% |
| Germany | 259 | 202 | 299 | 93.9 | -28.7% |
| Slovenia | N/A | N/A | N/A | 24.4 | 0% |
| Poland | 278 | 23.9 | 9.3 | 1.2 | -83.7% |
| Others | 62.5 | 93.8 | 3.4 | 18.5 | -33.4% |
| Total | 2,561 | 2,739 | 4,338 | 5,359 | 27.9% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Hungary in 2022:
- Belgium (2357.7 tons)
- Netherlands (525.1 tons)
- Slovenia (46.4 tons)
- Germany (29.8 tons)
- Poland (1.0 tons)
Exports of Tallow; Other than Those of Heading 1503 in Hungary
In 2022, the amount of tallow; other than those of heading 1503s exported from Hungary rose markedly to 2.9K tons, increasing by 12% compared with the previous year's figure. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 381% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of tallow; other than those of heading 1503s reduced to $967K in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 560% against the previous year. As a result, the exports reached the peak of $1.1M, and then contracted in the following year.
| Export of Tallow; Other than Those of Heading 1503 in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 11.0 | 3.0 | 774 | 553 | 269.1% |
| Slovakia | 204 | 131 | 162 | 302 | 14.0% |
| Italy | N/A | N/A | 92.4 | 70.0 | -24.2% |
| Others | 86.8 | 34.5 | 85.5 | 42.4 | -21.2% |
| Total | 302 | 169 | 1,114 | 967 | 47.4% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Hungary in 2022:
- Austria (1924.6 tons)
- Slovakia (635.9 tons)
- Italy (292.2 tons)
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