Price for Tallow; Other than Those of Heading 1503 in Kuwait - 2022
Contents:
- Price for Tallow; Other than Those of Heading 1503 in Kuwait (CIF) - 2022
- Price for Tallow; Other than Those of Heading 1503 in Kuwait (FOB) - 2022
- Imports of Tallow; Other than Those of Heading 1503 in Kuwait
- Exports of Tallow; Other than Those of Heading 1503 in Kuwait
Price for Tallow; Other than Those of Heading 1503 in Kuwait (CIF) - 2022
In 2022, the average import price for tallow; other than those of heading 1503s amounted to $1,646 per ton, with a decrease of -2.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 75%. As a result, import price attained the peak level of $1,685 per ton, and then declined modestly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,646 per ton), while the price for Brazil amounted to $1,646 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+19.3%), while the prices for the other major suppliers experienced a decline.
Price for Tallow; Other than Those of Heading 1503 in Kuwait (FOB) - 2022
In 2022, the average export price for tallow; other than those of heading 1503s amounted to $909 per ton, increasing by 11% against the previous year. In general, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of 19%. Over the period under review, the average export prices reached the maximum at $2,441 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($1,627 per ton), while the average price for exports to the United Arab Emirates totaled $693 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (-5.1%), while the prices for the other major destinations experienced a decline.
Imports of Tallow; Other than Those of Heading 1503 in Kuwait
In 2022, overseas purchases of tallow; other than those of heading 1503s increased by 935% to 161 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a significant increase. 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 skyrocketed to $265K in 2022. Over the period under review, imports enjoyed significant growth. 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 Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.3 | 45.8 | 22.2 | 195 | 78.5% |
| Brazil | N/A | N/A | 2.3 | 70.4 | 2960.9% |
| Paraguay | 17.1 | 15.4 | 1.7 | N/A | -68.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 51.3 | 61.2 | 26.2 | 265 | 72.9% |
Top Suppliers of Tallow; Other than Those of Heading 1503 to Kuwait in 2022:
- China (118.3 tons)
- Brazil (42.8 tons)
Exports of Tallow; Other than Those of Heading 1503 in Kuwait
In 2022, after three years of growth, there was significant decline in overseas shipments of tallow; other than those of heading 1503s, when their volume decreased by -36.7% to 123 tons. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 155%. As a result, the exports reached the peak of 195 tons, and then contracted rapidly in the following year.
In value terms, exports of tallow; other than those of heading 1503s declined dramatically to $112K in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 204% against the previous year. As a result, the exports attained the peak of $159K, and then contracted dramatically in the following year.
| Export of Tallow; Other than Those of Heading 1503 in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 27.4 | 20.8 | 18.3 | 65.7 | 33.8% |
| Pakistan | 7.1 | 28.1 | 141 | 46.4 | 87.0% |
| Bahrain | 12.5 | 3.4 | N/A | N/A | -72.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 47.0 | 52.3 | 159 | 112 | 33.6% |
Top Export Markets for Tallow; Other than Those of Heading 1503 from Kuwait in 2022:
- United Arab Emirates (94.8 tons)
- Pakistan (28.5 tons)
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