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World - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jul 27, 2018

Global Tallow Market - the U.S. and Australia Remain the Largest Exporters

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IndexBox has just published a new report "World: Tallow - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.

Tallow Consumption Remains Stable

The global tallow market stood at X tonnes in 2016. Overall, the market was stable from 2007 to 2016, with only soft variations over the period. However, in value terms, market experienced wild fluctuations, finally accounting for $X, which was by X% more than the previous year (IndexBox estimates). From 2007 to 2010, market roller-coasted, then, it upsurged by X% in 2011, reaching its maximum point. In the next year it turned downward, falling steadily over the next four years; however, in 2016 it bounced back slightly.

Global Tallow Market Is Set to Pursue Modest Growth

Global food industry and, at a lesser extent, cosmetic industry constitute the key markets for animal fat consumption. On a global basis, expansion of these industries will remain the key driver of the tallow market. 

Consumption of tallow varies by region and country. In developed countries, in addition to traditional consumption in food products, tallow is also used in the production of biofuels and oligochemicals. In particular, increased attention to new sources of energy and to the impact of the automobile sector on the environment propelled biodiesel production. Moreover, in the developing countries of Latin America, the consumption of animal fats is growing mainly due to an increase in biodiesel production. On the other hand, consumption of tallow is not uniform even within a single region: for example, in the EU, some countries exhibit demand for animal fats for biofuel production, while other countries use animal fats in the food industry, or both.

Main competition to tallow and animal fats in general comes from vegetable oils. However, this trend is more typical for developed countries, since the cost of vegetable oil production is much higher than that of animal fats, with animal fats being a by-product of the meat processing industry.

It is expected that in the future tallow consumption will depend on the development of animal husbandry, as well as on the demand from other consuming sectors. In the medium term, population growth and rising income levels will contribute to the growth in demand for meat, which will lead to the growth in supply of tallow. On the other hand, food, cosmetic and oleochemical industries will also grow due to the same basic factors. Together, all these conditions will contribute to the growth in consumption of tallow

The performance of the market is forecast to accelerate, with an anticipated CAGR of +X% for the period from 2016 to 2025, which is expected to bring the market volume to X tonnes by 2025.

The U.S., China and Brazil Together Consumed approx. X% of Total Market

The countries with the highest consumption were the U.S. (X%), China (X%), Brazil (X%), Mexico (X%), Australia (X%), Argentina (X%), Belgium (X%), India (X%) and Canada (X%), together comprising near X% of global consumption. 

The highest annual growth rates of tallow consumption from 2007 to 2016 were recorded in China, with +X% growth, Australia, with +X%, Belgium, with +X% growth, and Brazil, with +X% growth. 

Consequently, China significantly strengthened its share in terms of the global consumption from X% in 2007 to X% in 2016. Brazil (+X percentage points) also increased its share in global consumption; the shares of Australia and Belgium remained relatively unchanged.

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Belgium (X kg/year in 2016), the U.S. (X kg/year), and Australia (X kg/year), which were significantly higher than the world average of X kg/year. In Belgium and Australia, per capita consumption grew annually by +X% and +X%, respectively, from 2007 to 2016. By contrast, in the U.S., the per capita consumption experienced a contraction.

The U.S. Dominates Global Tallow Production

Production of tallow retained its stable level over the period from 2007 to 2016, finally amounting to X tonnes in 2016. 

The U.S. was the key world tallow producing country with an output of about X tonnes in 2016, which accounted for X% of total global output. The other major producers were Brazil (X%), Australia (X%), China (X%), Canada, Argentina, New Zealand, France, (X%, each), the UK and India (X% each). The remaining producers comprised approx. X% of total production.

In China, production levels increased by +X% annually from 2007 to 2016, largely attributed to growing cattle breeding industry. Australia (+X%) and Brazil (+X%) had a positive trend in tallow production; the U.S. (-X%) and Canada (-X%) contracted their output.

The Largest Importers Became less Dependent on Imports due to the Increase in Their Own Production

Tallow is a widely traded commodity, with the share of imports in total global consumption being about X% in 2016. High trade intensity is determined mainly by the substantial distances between the main countries of tallow manufacturing and some key consuming countries. However, by 2016, the share of imports in consumption decreased by X percentage points since the beginning of the period under review. This is primarily due to increasing domestic production in the largest importing countries. Thus, the growth in production was registered in the three largest tallow importers - China, Mexico and Belgium, with domestic production in these countries meeting a larger share of demand. The most noticeable decline in the share of imports took place in China: it fell from X% in 2007 to X% in 2016.

The U.S. and Australia Remain the Largest Exporters of Tallow

In 2016, the volume of global exports totalled X tonnes, which equated to $X. From 2007 to 2016, it experienced a mixed trend pattern. After a perceptible drop in 2009 it bounced back slightly in 2010, but then declined again over the next two years. Afterwards, the volume of exports levelled off through to 2015 and surged in 2016. In value terms, global tallow exports fluctuated wildly over the period under review, which was conditioned by fluctuations in export prices.

The U.S. (X tonnes in 2016) and Australia (X tonnes) were the main global suppliers of tallow with a combined share of X% of global exports. These countries were followed by New Zealand (X tonnes), Canada (X tonnes) and France (X tonnes), all lagging somewhat behind. From 2007 to 2016, tallow exports from the U.S. decreased by on average -X% per year; France (-X% per year) and Canada (-X% per year) also recorded a contraction in terms of exports. Meanwhile, exports from Australia and New Zealand increases by +X% per year and +X% per year, respectively. Despite being the largest global producers of tallow, Brazil and China did not export much of their production, meaning that it was consumed domestically.

China Emerged as the Top Tallow Importer

The volume of global imports totalled X tonnes in 2016, which amounted to $X. Imports trend pattern generally mirrored that of exports: these trade flows globally complement each other. 

In 2016, China (X tonnes), Mexico (X tonnes), Belgium (X tonnes), and the U.S. (X tonnes) constituted the leading destinations of tallow imports, together comprising X% of the total figure. Amongst the major importing countries, China (+X% per year) and the U.S. (+X% per year) gained the highest annual growth rates from 2007 to 2016. Thus, the share of China in terms of the global imports increased significantly from X% in 2007 to X% in 2016, while the shares of the other countries remained relatively stable throughout the analysed period.

Do you want to know more about the global tallow market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • tallow market share
  • tallow prices
  • tallow production
  • tallow industry
  • tallow sales
  • tallow imports
  • tallow exports
  • tallow market forecast
  • tallow price forecast
  • key tallow producers

Source: IndexBox AI Platform

Product coverage:
• FCL 1225 - Tallow

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 2030.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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