Price for Tallow; Other than Those of Heading 1503 in Slovenia - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Slovenia (FOB) - 2023
- Price for Tallow; Other than Those of Heading 1503 in Slovenia (CIF) - 2022
- Exports of Tallow; Other than Those of Heading 1503 in Slovenia
- Imports of Tallow; Other than Those of Heading 1503 in Slovenia
Price for Tallow; Other than Those of Heading 1503 in Slovenia (FOB) - 2023
In September 2023, the average export price for tallow; other than those of heading 1503s amounted to $1,489 per ton, rising by 8.4% against the previous month. Over the period under review, the export price, however, showed a pronounced reduction. The pace of growth was the most pronounced in March 2023 when the average export price increased by 46% m-o-m. The export price peaked at $1,980 per ton in November 2022; however, from December 2022 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In September 2023, the country with the highest price was Serbia ($1,894 per ton), while the average price for exports to Bosnia and Herzegovina ($1,315 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (-1.3%), while the prices for the other major destinations experienced a decline.
Price for Tallow; Other than Those of Heading 1503 in Slovenia (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $536 per ton, declining by -27.7% against the previous year. Overall, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 809%. As a result, import price reached the peak level of $5,610 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,665 per ton), while the price for Romania ($351 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+35.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tallow; Other than Those of Heading 1503 in Slovenia
In 2022, exports of tallow; other than those of heading 1503s from Slovenia soared to 1.2K tons, picking up by 262% against the year before. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tallow; other than those of heading 1503s surged to $2M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Tallow; Other than Those of Heading 1503 in Slovenia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bosnia and Herzegovina | 32.0 | 75.6 | 121 | 1,342 | 247.4% |
Serbia | N/A | N/A | 17.8 | 319 | 1692.1% |
North Macedonia | 199 | 192 | 153 | 228 | 4.6% |
Montenegro | N/A | N/A | N/A | 87.5 | 0% |
Others | 16.2 | 17.3 | 9.3 | 7.7 | -22.0% |
Total | 247 | 285 | 302 | 1,984 | 100.3% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Slovenia in 2022:
- Bosnia and Herzegovina (696.9 tons)
- North Macedonia (309.7 tons)
- Serbia (151.1 tons)
- Montenegro (45.9 tons)
Imports of Tallow; Other than Those of Heading 1503 in Slovenia
In 2022, purchases abroad of tallow; other than those of heading 1503s decreased by -5.7% to 1K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tallow; other than those of heading 1503s shrank significantly to $552K in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 46%.
Import of Tallow; Other than Those of Heading 1503 in Slovenia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 179 | 273 | 277 | 284 | 16.6% |
Italy | 18.2 | 41.3 | 8.3 | 215 | 127.7% |
Austria | 162 | 263 | 500 | 45.1 | -34.7% |
Hungary | 47.3 | 39.4 | 22.1 | 8.1 | -44.5% |
Germany | 16.8 | 2.8 | 2.2 | 0.1 | -81.9% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 423 | 620 | 810 | 552 | 9.3% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Slovenia in 2022:
- Romania (808.9 tons)
- Italy (129.0 tons)
- Austria (75.0 tons)
- Hungary (16.4 tons)
- Germany (0.1 tons)
This report provides an in-depth analysis of the tallow market in Slovenia.
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