Price for Tallow; Other than Those of Heading 1503 in Sri Lanka - 2022
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Sri Lanka (CIF) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Sri Lanka
Price for Tallow; Other than Those of Heading 1503 in Sri Lanka (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $1,250 per ton in 2022, increasing by 57% against the previous year. In general, the import price showed a temperate expansion. The pace of growth was the most pronounced in 2018 an increase of 68% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 Australia ($3,548 per ton), while the price for New Zealand ($801 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.2%).
Imports of Tallow; Other than Those of Heading 1503 in Sri Lanka
For the third consecutive year, Sri Lanka recorded decline in purchases abroad of tallow; other than those of heading 1503s, which decreased by -23.6% to 44 tons in 2022. Overall, imports saw a significant contraction.
In value terms, imports of tallow; other than those of heading 1503s surged to $55K in 2022. In general, imports recorded a dramatic decline.
| Import of Tallow; Other than Those of Heading 1503 in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 105 | 163 | 33.4 | 26.5 | -36.8% |
| Israel | N/A | N/A | N/A | 18.8 | 0% |
| Australia | 87.4 | 60.8 | 12.3 | 9.7 | -51.9% |
| United Arab Emirates | 17.3 | N/A | N/A | N/A | 0% |
| Others | 192 | 0.2 | N/A | N/A | -99.9% |
| Total | 402 | 224 | 45.7 | 55.0 | -48.5% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Sri Lanka in 2022:
- New Zealand (33.1 tons)
- Israel (8.1 tons)
- Australia (2.7 tons)
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