Price for Tallow; Other than Those of Heading 1503 in Sweden - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Sweden (CIF) - 2023
- Price for Tallow; Other than Those of Heading 1503 in Sweden (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Sweden
- Exports of Tallow; Other than Those of Heading 1503 in Sweden
Price for Tallow; Other than Those of Heading 1503 in Sweden (CIF) - 2023
In September 2023, the average import price for tallow; other than those of heading 1503s amounted to $950 per ton, remaining constant against the previous month. Overall, the import price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in July 2023 an increase of 8% m-o-m. The import price peaked at $1,419 per ton in October 2022; however, from November 2022 to September 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Iceland.
From October 2022 to September 2023, the rate of growth in terms of prices for Iceland amounted to +3.6% per month.
Price for Tallow; Other than Those of Heading 1503 in Sweden (FOB) - 2022
The average export price for tallow; other than those of heading 1503s stood at $1,642 per ton in 2022, jumping by 34% against the previous year. Overall, the export price posted a tangible expansion. The pace of growth appeared the most rapid in 2021 an increase of 40% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Serbia ($1,884 per ton) and Germany ($1,827 per ton), while the average price for exports to Denmark ($1,440 per ton) and the Netherlands ($1,539 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tallow; Other than Those of Heading 1503 in Sweden
In 2022, imports of tallow; other than those of heading 1503s into Sweden shrank remarkably to 13K tons, which is down by -19.2% against 2021. Over the period under review, imports recorded a abrupt decline. The smallest decline of -8.3% was in 2021.
In value terms, imports of tallow; other than those of heading 1503s rose modestly to $18M in 2022. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tallow; Other than Those of Heading 1503 in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 4.9 | 4.6 | 9.6 | 8.7 | 21.1% |
| Poland | 0.3 | 1.3 | 1.5 | 3.5 | 126.8% |
| Germany | 1.0 | 1.8 | 2.2 | 2.5 | 35.7% |
| Denmark | 1.0 | 0.9 | 2.0 | 1.4 | 11.9% |
| Belgium | N/A | N/A | 1.5 | 1.0 | -33.3% |
| Netherlands | 2.0 | 0.9 | 0.3 | 0.3 | -46.9% |
| Others | 0.4 | 1.7 | 0.4 | 0.5 | 7.7% |
| Total | 9.7 | 11.1 | 17.6 | 17.9 | 22.7% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Sweden in 2022:
- Lithuania (6.2K tons)
- Poland (2.5K tons)
- Germany (1.9K tons)
- Denmark (0.7K tons)
- Belgium (0.7K tons)
- Netherlands (0.3K tons)
Exports of Tallow; Other than Those of Heading 1503 in Sweden
In 2022, approx. 11K tons of tallow; other than those of heading 1503s were exported from Sweden; with an increase of 3.4% on the previous year's figure. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. 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 soared to $18M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Tallow; Other than Those of Heading 1503 in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.2 | 3.6 | 5.6 | 5.4 | 19.1% |
| Netherlands | 1.9 | 3.6 | 4.4 | 5.3 | 40.8% |
| Denmark | 0.8 | 0.7 | 1.1 | 3.5 | 63.6% |
| Belgium | N/A | N/A | 0.1 | 0.9 | 800.0% |
| Poland | 0.9 | 0.3 | 0.3 | 0.7 | -8.0% |
| Serbia | 0.3 | 0.2 | 0.1 | 0.7 | 32.6% |
| Others | 0.4 | 0.6 | 1.0 | 1.1 | 40.1% |
| Total | 7.4 | 9.0 | 12.7 | 17.6 | 33.5% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Sweden in 2022:
- Netherlands (3.5K tons)
- Germany (3.0K tons)
- Denmark (2.4K tons)
- Poland (0.5K tons)
- Belgium (0.5K tons)
- Serbia (0.4K tons)
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