Price for Tallow; Other than Those of Heading 1503 in Ukraine - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Ukraine (FOB) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Ukraine (CIF) - 2022
- Exports of Tallow; Other than Those of Heading 1503 in Ukraine
- Imports of Tallow; Other than Those of Heading 1503 in Ukraine
Price for Tallow; Other than Those of Heading 1503 in Ukraine (FOB) - 2022
The average export price for tallow; other than those of heading 1503s stood at $1,067 per ton in 2022, increasing by 8.4% against the previous year. Overall, export price indicated noticeable growth from 2014 to 2022: its price increased at an average annual rate of +4.2% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tallow; other than those of heading 1503s increased by +46.5% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 47%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($1,266 per ton), while the average price for exports to Malaysia totaled $106 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Tallow; Other than Those of Heading 1503 in Ukraine (CIF) - 2022
The average import price for tallow; other than those of heading 1503s stood at $35,271 per ton in 2022, picking up by 3,795% against the previous year. Over the period under review, the import price showed a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Poland.
From 2016 to 2022, the rate of growth in terms of prices for Poland amounted to +469.9% per year.
Exports of Tallow; Other than Those of Heading 1503 in Ukraine
In 2022, overseas shipments of tallow; other than those of heading 1503s decreased by -69.8% to 114 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 137%. As a result, the exports reached the peak of 844 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tallow; other than those of heading 1503s contracted rapidly to $121K in 2022. Over the period under review, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 145%. As a result, the exports attained the peak of $566K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Tallow; Other than Those of Heading 1503 in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 129 | 373 | 291 | 119 | -2.7% |
| Malaysia | N/A | N/A | 2.6 | 2.1 | -19.2% |
| Slovakia | 102 | 179 | 77.0 | N/A | -13.1% |
| Others | N/A | 14.8 | N/A | N/A | 0% |
| Total | 231 | 566 | 371 | 121 | -19.4% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Ukraine in 2022:
- Poland (94.2 tons)
- Malaysia (19.4 tons)
Imports of Tallow; Other than Those of Heading 1503 in Ukraine
Imports of tallow; other than those of heading 1503s into Ukraine surged to 719 kg in 2022, rising by 161% against the previous year. Overall, imports, however, recorded a precipitous decline.
In value terms, imports of tallow; other than those of heading 1503s soared to $25K in 2022. In general, imports, however, saw a sharp shrinkage.
| Import of Tallow; Other than Those of Heading 1503 in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Poland | 40.0 | 0.2 | 25.4 | -20.3% | |
| Germany | 10.4 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 50.5 | 0.2 | 25.4 | -29.1% | |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Ukraine in 2022:
- Poland (719.0 kg)
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