The U.S. Tallow Exports down by 11% in 2014

Vegetable And Animal Oils And Fats October 21, 2015
Author: Alexander Romanenko
Chief Executive Officer

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: World: Tallow - Market Report. Analysis And Forecast To 2020