Price for Tallow; Other than Those of Heading 1503 in Nepal - 2022
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Nepal (CIF) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Nepal
Price for Tallow; Other than Those of Heading 1503 in Nepal (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $1,148 per ton in 2022, increasing by 22% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 47%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,157 per ton), while the price for New Zealand totaled $852 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Tallow; Other than Those of Heading 1503 in Nepal
In 2022, purchases abroad of tallow; other than those of heading 1503s decreased by -39.1% to 12K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports reached the peak of 20K tons, and then plummeted in the following year.
In value terms, imports of tallow; other than those of heading 1503s reduced dramatically to $14M in 2022. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 99% against the previous year. As a result, imports attained the peak of $18M, and then shrank remarkably in the following year.
| Import of Tallow; Other than Those of Heading 1503 in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.7 | 9.1 | 18.0 | 13.1 | 25.0% |
| New Zealand | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Others | N/A | N/A | N/A | 0.2 | 0% |
| Total | 6.8 | 9.2 | 18.3 | 13.6 | 26.0% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Nepal in 2022:
- India (11.3K tons)
- New Zealand (0.4K tons)
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