Price for Tallow; Other than Those of Heading 1503 in Thailand - 2024
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Thailand (CIF) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Thailand
Price for Tallow; Other than Those of Heading 1503 in Thailand (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $2,113 per ton in 2022, surging by 70% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($2,131 per ton), while the price for New Zealand totaled $1,956 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tallow; Other than Those of Heading 1503 in Thailand
In 2022, the amount of tallow; other than those of heading 1503s imported into Thailand reduced to 1.4K tons, with a decrease of -12.3% on 2021. Over the period under review, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. As a result, imports attained the peak of 1.7K tons, and then shrank in the following year.
In value terms, imports of tallow; other than those of heading 1503s surged to $3.1M in 2022. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 69% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Tallow; Other than Those of Heading 1503 in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 752 | 890 | 1,816 | 2,904 | 56.9% |
| New Zealand | 340 | 279 | 233 | 147 | -24.4% |
| Others | 19.6 | 46.4 | N/A | 9.7 | -20.9% |
| Total | 1,112 | 1,215 | 2,049 | 3,061 | 40.1% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Thailand in 2022:
- Australia (1363.0 tons)
- New Zealand (75.2 tons)
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