Price for Tallow; Other than Those of Heading 1503 in Indonesia - 2022

Contents:

  1. Price for Tallow; Other than Those of Heading 1503 in Indonesia (FOB) - 2022
  2. Price for Tallow; Other than Those of Heading 1503 in Indonesia (CIF) - 2022
  3. Exports of Tallow; Other than Those of Heading 1503 in Indonesia
  4. Imports of Tallow; Other than Those of Heading 1503 in Indonesia

Price for Tallow; Other than Those of Heading 1503 in Indonesia (FOB) - 2022

In 2022, the average export price for tallow; other than those of heading 1503s amounted to $6,000 per ton, picking up by 463% against the previous year. In general, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2012 to 2022, the rate of growth in terms of prices for Cabo Verde amounted to +1.9% per year.

Price for Tallow; Other than Those of Heading 1503 in Indonesia (CIF) - 2022

The average import price for tallow; other than those of heading 1503s stood at $13,400 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a significant increase. The pace of growth appeared the most rapid in 2019 an increase of 218%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($14,667 per ton), while the price for Germany amounted to $12,857 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tallow; Other than Those of Heading 1503 in Indonesia

In 2022, exports of tallow; other than those of heading 1503s from Indonesia shrank notably to 1 kg, waning by 99.9% against the previous year's figure. In general, exports showed a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year.

In value terms, exports of tallow; other than those of heading 1503s reduced markedly to $6 in 2022. Over the period under review, exports showed a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 138% against the previous year.

Export of Tallow; Other than Those of Heading 1503 in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South KoreaN/AN/AN/AN/A0%
Cabo Verde11033.861.2N/A-25.4%
Zambia52.930.3N/AN/A-42.7%
AngolaN/AN/A91.3N/A0%
Afghanistan181N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total34464.0153N/A-33.3%

Top Export Markets for Tallow; Other than Those of Heading 1503 from Indonesia in 2022:

  1. South Korea (1.0 kg)

Imports of Tallow; Other than Those of Heading 1503 in Indonesia

In 2022, imports of tallow; other than those of heading 1503s into Indonesia totaled 10 kg, leveling off at 2021. Overall, imports faced a dramatic downturn. The smallest decline of -75% was in 2020.

In value terms, imports of tallow; other than those of heading 1503s totaled $134 in 2022. Over the period under review, imports showed a precipitous shrinkage. The smallest decline of -70.5% was in 2020.

Import of Tallow; Other than Those of Heading 1503 in Indonesia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany145160N/A90.0-14.7%
Australia763102N/A44.0-61.4%
OthersN/A6.0N/AN/A0%
Total908268N/A134-47.2%

Top Suppliers of Tallow; Other than Those of Heading 1503 to Indonesia in 2022:

  1. Germany (7.0 kg)
  2. Australia (3.0 kg)

Source: IndexBox Market Intelligence Platform

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