World - Tallow - Market Analysis, Forecast, Size, Trends and Insights
The U.S. Tallow Exports down by 11% in 2014
The U.S. dominates in the global tallow trade. In 2014, the U.S. exported 444 thousand tonnes of tallow totaling 385 million USD, 11% under the previous year. Its primary trading partner was Mexico, where it supplied 62% of its total tallow exports in value terms, accounting for 89% of Mexico's total imports.
Overall, the global tallow trade was 1,397 million USD, with a CAGR of 1% from 2007 to 2014. In physical terms, it decreased by 2,244 thousand tonnes in 2007 to 1,712 thousand tonnes in 2014.
In 2014, Mexico (23%), China (11%), Belgium (10%), Turkey (6%) and the Netherlands (5%) were the leading destinations of tallow imports, together making up 55% of global imports. The share of Belgium increased (+5 percentage points), while the share of China illustrated negative dynamics (-6 percentage points).
Australia and New Zealand were among the other main global suppliers of tallow in 2014 with a combined share of 34% of global exports. However, the fastest growing exporters from 2007 to 2014 were Paraguay (+67% per year) and the United Kingdom (+14% per year). Australia strengthened its position in the global export structure, from 16% in 2007 to 26% in 2014.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global tallow market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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