Price for Tallow; Other than Those of Heading 1503 in Luxembourg - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Luxembourg (CIF) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Luxembourg (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Luxembourg
- Exports of Tallow; Other than Those of Heading 1503 in Luxembourg
Price for Tallow; Other than Those of Heading 1503 in Luxembourg (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $2,353 per ton in 2022, approximately mirroring the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tallow; other than those of heading 1503s increased by +27.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 89% against the previous year. The import price peaked at $3,303 per ton in 2018; however, from 2019 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 France ($2,790 per ton), while the price for Belgium totaled $2,352 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tallow; Other than Those of Heading 1503 in Luxembourg (FOB) - 2022
In 2022, the average export price for tallow; other than those of heading 1503s amounted to $1,202 per ton, growing by 41% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of 48%. Over the period under review, the average export prices attained the maximum at $3,639 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($3,526 per ton), while the average price for exports to Germany ($734 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 Belgium (+6.1%), while the prices for the other major destinations experienced a decline.
Imports of Tallow; Other than Those of Heading 1503 in Luxembourg
In 2022, the amount of tallow; other than those of heading 1503s imported into Luxembourg surged to 63 tons, increasing by 293% against the previous year. Over the period under review, 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 $147K in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tallow; Other than Those of Heading 1503 in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 18.6 | 11.6 | 18.7 | 147 | 99.2% |
| France | 5.2 | 0.1 | 15.5 | 0.6 | -51.3% |
| Others | 1.7 | 1.0 | 3.5 | N/A | 43.5% |
| Total | 25.5 | 12.7 | 37.6 | 147 | 79.3% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Luxembourg in 2022:
- Belgium (62.4 tons)
- France (0.2 tons)
Exports of Tallow; Other than Those of Heading 1503 in Luxembourg
In 2022, exports of tallow; other than those of heading 1503s from Luxembourg skyrocketed to 104 tons, growing by 87% on the previous year's figure. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 165%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, exports of tallow; other than those of heading 1503s skyrocketed to $125K in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tallow; Other than Those of Heading 1503 in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.5 | 44.6 | 47.3 | 63.4 | 39.2% |
| Belgium | 1.6 | 5.9 | 0.3 | 42.3 | 197.9% |
| France | 1.8 | N/A | N/A | 19.2 | 120.1% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 27.2 | 50.6 | 47.6 | 125 | 66.3% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Luxembourg in 2022:
- Germany (86.4 tons)
- Belgium (12.0 tons)
- France (5.5 tons)
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