Price for Tallow; Other than Those of Heading 1503 in Denmark - 2023
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Denmark (CIF) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Denmark (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Denmark
- Exports of Tallow; Other than Those of Heading 1503 in Denmark
Price for Tallow; Other than Those of Heading 1503 in Denmark (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $1,578 per ton, picking up by 28% against the previous year. Overall, the import price recorded a moderate increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 54%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($3,181 per ton), while the price for Germany ($1,548 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tallow; Other than Those of Heading 1503 in Denmark (FOB) - 2022
In 2022, the average export price for tallow; other than those of heading 1503s amounted to $1,648 per ton, picking up by 109% against the previous year. In general, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 129% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($2,210 per ton), while the average price for exports to Germany ($631 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tallow; Other than Those of Heading 1503 in Denmark
In 2022, after two years of decline, there was significant growth in supplies from abroad of tallow; other than those of heading 1503s, when their volume increased by 37% to 2.9K tons. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tallow; other than those of heading 1503s surged to $4.5M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tallow; Other than Those of Heading 1503 in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.3 | 1.8 | 2.5 | 3.1 | 33.6% |
| Sweden | 0.5 | N/A | N/A | 1.4 | 40.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.8 | 1.9 | 2.6 | 4.5 | 35.7% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Denmark in 2022:
- Germany (1973.2 tons)
- Sweden (860.9 tons)
Exports of Tallow; Other than Those of Heading 1503 in Denmark
In 2022, the amount of tallow; other than those of heading 1503s exported from Denmark reduced rapidly to 1.8K tons, shrinking by -35% on the year before. Over the period under review, exports continue to indicate a precipitous contraction. The smallest decline of -4.8% was in 2020.
In value terms, exports of tallow; other than those of heading 1503s skyrocketed to $3M in 2022. Overall, exports, however, saw 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 Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 827 | 1,197 | 44.7% |
| Philippines | N/A | N/A | 94.3 | 632 | 570.2% |
| Ireland | 122 | 184 | 469 | 509 | 61.0% |
| Germany | 1,115 | 1,251 | 588 | 252 | -39.1% |
| North Macedonia | N/A | N/A | 20.6 | 125 | 506.8% |
| Sweden | 12.9 | 13.8 | 16.4 | 101 | 98.6% |
| Spain | N/A | N/A | 34.2 | 79.8 | 133.3% |
| Egypt | 320 | 245 | 74.8 | N/A | -51.7% |
| Others | 132 | 0.3 | 100 | 131 | -0.3% |
| Total | 1,702 | 1,694 | 2,224 | 3,026 | 21.1% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Denmark in 2022:
- United Kingdom (575.1 tons)
- Germany (399.1 tons)
- Philippines (342.1 tons)
- Ireland (230.3 tons)
- North Macedonia (90.6 tons)
- Sweden (89.3 tons)
- Spain (44.6 tons)
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