Price for Tallow; Other than Those of Heading 1503 in Nigeria - 2022
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Nigeria (CIF) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Nigeria
Price for Tallow; Other than Those of Heading 1503 in Nigeria (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $2,202 per ton in 2022, increasing by 192% against the previous year. Overall, the import price recorded a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($2,548 per ton), while the price for China totaled $1,727 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.5%), while the prices for the other major suppliers experienced a decline.
Imports of Tallow; Other than Those of Heading 1503 in Nigeria
In 2022, supplies from abroad of tallow; other than those of heading 1503s decreased by -64.3% to 196 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 46% against the previous year. As a result, imports attained the peak of 6.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tallow; other than those of heading 1503s amounted to $431K in 2022. Over the period under review, imports saw a dramatic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. As a result, imports reached the peak of $4.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tallow; Other than Those of Heading 1503 in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 0.3 | 0% |
| China | N/A | N/A | N/A | 0.1 | 0% |
| United States | 1.4 | 2.3 | N/A | N/A | 64.3% |
| Uruguay | 1.0 | 1.8 | 0.4 | N/A | -36.8% |
| Netherlands | 0.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.1 | 4.1 | 0.4 | 0.4 | -49.5% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Nigeria in 2022:
- United Arab Emirates (113.1 tons)
- China (82.4 tons)
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