Price for Tallow; Other than Those of Heading 1503 in Switzerland - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Switzerland (CIF) - 2023
- Price for Tallow; Other than Those of Heading 1503 in Switzerland (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Switzerland
- Exports of Tallow; Other than Those of Heading 1503 in Switzerland
Price for Tallow; Other than Those of Heading 1503 in Switzerland (CIF) - 2023
The average import price for tallow; other than those of heading 1503s stood at $1,329 per ton in September 2023, with an increase of 4.8% against the previous month. Over the period under review, the import price, however, showed a perceptible decline. The growth pace was the most rapid in June 2023 an increase of 15% month-to-month. As a result, import price reached the peak level of $1,982 per ton. From July 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was France ($1,357 per ton), while the price for Germany stood at $1,316 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Tallow; Other than Those of Heading 1503 in Switzerland (FOB) - 2022
In 2022, the average export price for tallow; other than those of heading 1503s amounted to $6,157 per ton, with an increase of 7% against the previous year. Overall, the export price showed significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Romania.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +38.7% per year.
Imports of Tallow; Other than Those of Heading 1503 in Switzerland
After three years of growth, purchases abroad of tallow; other than those of heading 1503s decreased by -18.8% to 3.4K tons in 2022. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14%.
In value terms, imports of tallow; other than those of heading 1503s rose notably to $6M in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Tallow; Other than Those of Heading 1503 in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.7 | 1.1 | 1.9 | 2.9 | 60.6% |
| Germany | 1.5 | 2.1 | 2.9 | 2.2 | 13.6% |
| Poland | 0.2 | N/A | 0.1 | 1.0 | 71.0% |
| Others | N/A | 0.1 | 0.3 | N/A | 200.0% |
| Total | 2.4 | 3.2 | 5.3 | 6.0 | 35.7% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Switzerland in 2022:
- France (1572.4 tons)
- Germany (1195.4 tons)
- Poland (587.3 tons)
Exports of Tallow; Other than Those of Heading 1503 in Switzerland
In 2022, exports of tallow; other than those of heading 1503s from Switzerland declined sharply to 22 tons, shrinking by -39.3% against the previous year's figure. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 734% against the previous year. As a result, the exports reached the peak of 37 tons, and then contracted sharply in the following year.
In value terms, exports of tallow; other than those of heading 1503s dropped remarkably to $138K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,064%. As a result, the exports attained the peak of $212K, and then declined remarkably in the following year.
| Export of Tallow; Other than Those of Heading 1503 in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | N/A | N/A | 82.1 | 138 | 68.1% |
| Germany | 41.4 | 18.2 | 122 | N/A | 71.7% |
| Others | N/A | N/A | 8.4 | N/A | 0% |
| Total | 41.4 | 18.2 | 212 | 138 | 49.4% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Switzerland in 2022:
- Romania (22.4 tons)
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