Price for Tallow; Other than Those of Heading 1503 in Turkey - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Turkey (FOB) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Turkey (CIF) - 2022
- Exports of Tallow; Other than Those of Heading 1503 in Turkey
- Imports of Tallow; Other than Those of Heading 1503 in Turkey
Price for Tallow; Other than Those of Heading 1503 in Turkey (FOB) - 2022
The average export price for tallow; other than those of heading 1503s stood at $1,221 per ton in 2022, picking up by 20% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 98%. The export price peaked at $11,111 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,228 per ton), while the average price for exports to Iran stood at $554 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (-1.7%), while the prices for the other major destinations experienced a decline.
Price for Tallow; Other than Those of Heading 1503 in Turkey (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $2,336 per ton in 2022, jumping by 133% against the previous year. Overall, the import price enjoyed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($3,045 per ton), while the price for Israel ($1,400 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tallow; Other than Those of Heading 1503 in Turkey
In 2022, approx. 2.9K tons of tallow; other than those of heading 1503s were exported from Turkey; with an increase of 36,455% against the previous year. Overall, exports posted a significant increase. 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 $3.5M in 2022. In general, exports continue to indicate a significant expansion. 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 Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 3,478 | 0% |
| Iran | N/A | N/A | N/A | 25.5 | 0% |
| Syrian Arab Republic | 101 | 0.6 | N/A | N/A | -99.4% |
| Uzbekistan | 135 | N/A | N/A | N/A | 0% |
| Others | 48.4 | 1.8 | 8.0 | 15.1 | -32.2% |
| Total | 284 | 2.4 | 8.0 | 3,518 | 131.4% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Turkey in 2022:
- United States (2832.8 tons)
- Iran (46.1 tons)
Imports of Tallow; Other than Those of Heading 1503 in Turkey
In 2022, purchases abroad of tallow; other than those of heading 1503s decreased by -99.2% to 57 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a dramatic descent. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year. As a result, imports reached the peak of 12K 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 plummeted to $132K in 2022. Overall, imports showed a sharp slump. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tallow; Other than Those of Heading 1503 in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Sweden | N/A | N/A | N/A | N/A | 0% |
| United States | 9.0 | 10.5 | 6.1 | N/A | -17.7% |
| Israel | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 1.2 | 0.6 | N/A | 144.9% |
| Total | 9.2 | 11.8 | 6.8 | 0.1 | -77.8% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Turkey in 2022:
- Belgium (24.0 tons)
- Israel (20.6 tons)
- Sweden (12.0 tons)
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