Price for Tallow; Other than Those of Heading 1503 in Serbia - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Serbia (CIF) - 2023
- Price for Tallow; Other than Those of Heading 1503 in Serbia (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Serbia
- Exports of Tallow; Other than Those of Heading 1503 in Serbia
Price for Tallow; Other than Those of Heading 1503 in Serbia (CIF) - 2023
The average import price for tallow; other than those of heading 1503s stood at $1,422 per ton in September 2023, shrinking by -3.9% against the previous month. Overall, the import price continues to indicate a mild reduction. The pace of growth was the most pronounced in May 2023 when the average import price increased by 19% against the previous month. The import price peaked at $1,900 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were Greece ($1,595 per ton) and Sweden ($1,576 per ton), while the price for Italy ($1,064 per ton) and Bosnia and Herzegovina ($1,139 per ton) were amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tallow; Other than Those of Heading 1503 in Serbia (FOB) - 2022
In 2022, the average export price for tallow; other than those of heading 1503s amounted to $779 per ton, rising by 1.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 40%. As a result, the export price reached the peak level of $1,111 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($2,199 per ton), while the average price for exports to Bosnia and Herzegovina ($569 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 North Macedonia (+22.9%), while the prices for the other major destinations experienced a decline.
Imports of Tallow; Other than Those of Heading 1503 in Serbia
Imports of tallow; other than those of heading 1503s into Serbia soared to 1.1K tons in 2022, rising by 89% compared with 2021 figures. Overall, 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 $1.7M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tallow; Other than Those of Heading 1503 in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 158 | 125 | 129 | 711 | 65.1% |
| Netherlands | 46.6 | 74.0 | 158 | 433 | 110.2% |
| Austria | 101 | 44.7 | 17.4 | 175 | 20.1% |
| Belgium | N/A | N/A | N/A | 140 | 0% |
| Bosnia and Herzegovina | 1.0 | 59.2 | 106 | 75.1 | 321.9% |
| Croatia | 90.6 | 58.8 | 77.1 | 60.7 | -12.5% |
| Italy | N/A | N/A | N/A | 54.6 | 0% |
| Slovakia | 32.9 | 16.4 | N/A | N/A | -50.2% |
| Others | 4.7 | N/A | 3.3 | 8.1 | 19.9% |
| Total | 435 | 378 | 491 | 1,658 | 56.2% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Serbia in 2022:
- Sweden (360.5 tons)
- Netherlands (262.3 tons)
- Austria (188.0 tons)
- Bosnia and Herzegovina (130.9 tons)
- Belgium (60.1 tons)
- Croatia (47.8 tons)
- Italy (32.1 tons)
Exports of Tallow; Other than Those of Heading 1503 in Serbia
In 2022, shipments abroad of tallow; other than those of heading 1503s decreased by -74.6% to 7.4 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,838%. As a result, the exports reached the peak of 37 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tallow; other than those of heading 1503s contracted notably to $5.8K in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 1,405% against the previous year. As a result, the exports attained the peak of $29K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tallow; Other than Those of Heading 1503 in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 1.9 | N/A | 5.3 | 3.3 | 20.2% |
| North Macedonia | N/A | 1.9 | 6.6 | 1.7 | -5.4% |
| Bosnia and Herzegovina | N/A | 10.5 | 10.4 | 0.8 | -72.4% |
| Slovakia | N/A | 16.3 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.9 | 28.7 | 22.4 | 5.8 | 45.1% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Serbia in 2022:
- Montenegro (5.2 tons)
- Bosnia and Herzegovina (1.4 tons)
- North Macedonia (0.8 tons)
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