Price for Tallow; Other than Those of Heading 1503 in Saudi Arabia - 2022
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Saudi Arabia (FOB) - 2022
- Exports of Tallow; Other than Those of Heading 1503 in Saudi Arabia
Price for Tallow; Other than Those of Heading 1503 in Saudi Arabia (FOB) - 2022
The average export price for tallow; other than those of heading 1503s stood at $793 per ton in 2021, surging by 16% against the previous year. Over the period under review, export price indicated strong growth from 2014 to 2021: its price increased at an average annual rate of +6.1% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for tallow; other than those of heading 1503s increased by +32.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23%. The export price peaked in 2021 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Pakistan.
From 2014 to 2021, the rate of growth in terms of prices for Pakistan amounted to -11.4% per year.
Exports of Tallow; Other than Those of Heading 1503 in Saudi Arabia
In 2022, exports of tallow; other than those of heading 1503s from Saudi Arabia skyrocketed to 2.3K tons, rising by 25% on the previous year's figure. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tallow; other than those of heading 1503s skyrocketed to $2.6M in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tallow; Other than Those of Heading 1503 in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Pakistan | 454 | 97.5 | 112 | -50.3% |
| Bahrain | 73.7 | 42.0 | N/A | -43.0% |
| Others | 790 | 974 | 1,360 | 31.2% |
| Total | 1,317 | 1,113 | 1,472 | 5.7% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Saudi Arabia in 2022:
- Pakistan (496.1 tons)
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