Price for Tallow; Other than Those of Heading 1503 in Slovakia - 2023

Contents:

  1. Price for Tallow; Other than Those of Heading 1503 in Slovakia (CIF) - 2023
  2. Price for Tallow; Other than Those of Heading 1503 in Slovakia (FOB) - 2022
  3. Imports of Tallow; Other than Those of Heading 1503 in Slovakia
  4. Exports of Tallow; Other than Those of Heading 1503 in Slovakia

Price for Tallow; Other than Those of Heading 1503 in Slovakia (CIF) - 2023

In August 2023, the average import price for tallow; other than those of heading 1503s amounted to $585 per ton, leveling off at the previous month. Over the period under review, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in February 2023 an increase of 23% month-to-month. The import price peaked at $772 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,180 per ton), while the price for Croatia ($338 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tallow; Other than Those of Heading 1503 in Slovakia (FOB) - 2022

The average export price for tallow; other than those of heading 1503s stood at $394 per ton in 2022, with an increase of 9.8% against the previous year. Overall, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $1,188 per ton in 2012; however, from 2013 to 2022, the 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 Hungary ($1,964 per ton), while the average price for exports to Poland ($303 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 Hungary (+2.6%), while the prices for the other major destinations experienced a decline.

Imports of Tallow; Other than Those of Heading 1503 in Slovakia

In 2022, overseas purchases of tallow; other than those of heading 1503s decreased by -15.2% to 7.5K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year.

In value terms, imports of tallow; other than those of heading 1503s skyrocketed to $4.7M in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 36%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Import of Tallow; Other than Those of Heading 1503 in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Austria2619932,1452,194103.3%
Hungary7386477531,00410.8%
Czech Republic775551462650-5.7%
ItalyN/A22024238331.9%
LithuaniaN/AN/AN/A2640%
Denmark0.4N/AN/A106542.3%
Ukraine20228993.633.6-45.0%
Others12916610390.5-11.1%
Total2,1052,8663,7974,72530.9%

Top Suppliers of Tallow; Other than Those of Heading 1503 to Slovakia in 2022:

  1. Austria (3349.1 tons)
  2. Hungary (2186.8 tons)
  3. Czech Republic (1000.4 tons)
  4. Denmark (310.3 tons)
  5. Lithuania (258.5 tons)
  6. Italy (226.4 tons)
  7. Ukraine (24.0 tons)

Exports of Tallow; Other than Those of Heading 1503 in Slovakia

Exports of tallow; other than those of heading 1503s from Slovakia amounted to 87 tons in 2022, increasing by 3.8% on the previous year. Overall, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 10% against the previous year.

In value terms, exports of tallow; other than those of heading 1503s rose significantly to $34K in 2022. Over the period under review, exports, however, faced a abrupt decrease.

Export of Tallow; Other than Those of Heading 1503 in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland14.29.914.322.316.2%
Hungary7.84.314.85.2-12.6%
Czech RepublicN/AN/A0.15.04900.0%
Serbia32.916.3N/AN/A-50.5%
OthersN/A0.20.91.8200.0%
Total54.930.730.034.2-14.6%

Top Export Markets for Tallow; Other than Those of Heading 1503 from Slovakia in 2022:

  1. Poland (73.5 tons)
  2. Czech Republic (10.2 tons)
  3. Hungary (2.6 tons)

Source: IndexBox Market Intelligence Platform

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