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United Kingdom - Tallow - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jun 25, 2018

Ireland Remains the Largest Supplier to the UK Tallow Market

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

The UK Tallow Market Remains Relatively Stable

From 2007 to 2016, the United Kingdom tallow market showed downward trend: it contracted notably over the first three years and then stabilised through to 2016, except for only a short-term peak of 2013. In 2016, the market reclined to its lowest level of 81K tonnes, 5% less than the year before and 43% less than the outset level. According to IndexBox estimates, in wholesale prices, the United Kingdom tallow market contracted to €34M, roller-coasting over the last five years due to price fluctuations. 

The Tallow Market Is Set to Pursue Modest Growth

Fuel and energy industry, 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. 

An increased attention to new sources of energy and to the impact of the automobile sector on the environment propelled biodiesel production. The consumption of animal fats is growing mainly due to an increase in biodiesel production. The decline in biodiesel production from 2007 to 2010 caused a decline in the UK tallow market. According to forecasts, in the medium-term perspective, biodiesel production will increase both in the EU and in the UK, which will stimulate the growth of consumption of tallow. 

Main competition to tallow and animal fats in general comes from vegetable oils, especially because 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 also 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 begin a modest upward trend, growing with an anticipated CAGR of +1.1% for the period from 2016 to 2025, which is expected to bring the market volume to 90K tonnes by 2025.

Tallow Output Decreased Slightly, but Generally Retains a Flat Trend Pattern

Tallow output in the UK totalled 133K tonnes in 2016, decreasing by -11% from its peak level attained in 2015. The overall trend pattern, however, remained relatively flat from 2007 to 2016. Tallow is obtained by processing the by-products of meat industry, therefore, stable meat production continues to buoy the supply of tallow.

In value terms, however, the total output dropped to €68M, decreasing for the fourth consecutive year due to a downward trend of the producer prices. As tallow is widely used as a raw input for biodiesel production, the prices continue to be pressured by a recent decrease of oil and gas price, as well as a downward trend of prices for substitute oils for biodiesel production (mainly, palm oil).

Ireland Remains the Largest Tallow Supplier to the UK Market

The share of imported products in the country's consumption of tallow has increased significantly over the past nine years to 41% in 2016 (based on tonnes), which was due to a more pronounced reduction in domestic supply, compared with a slight decrease in imports. Ireland remains the major importer. Irish imports accounted for about 31% of the total market volume. Other importing countries were Denmark (5%), the Netherlands (3%) and Germany (1%).

Ireland Strengthened Its Leadership in terms of Tallow Imports to the UK

The volume of total tallow imports into the UK totalled 33K tonnes in 2016, which equated to €16.2M in value terms. Over the period from 2007-2016, the volume of imports fluctuated somewhat wildly, bottoming out in 2010 at 22K tonnes and peaking in 2015 at 35K tonnes.

Ireland remains a key supplier of tallow into the UK, accounting for 76% of total imports in 2016. Denmark (11%) and the Netherlands (8%) lagged far behind in terms of the volume of imports, followed by Germany (3%) and Belgium (1%). 

From 2007 to 2016, Denmark (+8.0%) posted the highest rates of growth in terms of imports, while supplies from Ireland increased by on average    -1.3% per year. By contrast, imports from the Netherlands and Germany decreased at average annual rates of -3.8% and – 14.1%, respectively, from 2007-2016. Consequently, the share of the Netherlands (-2 percentage points) and Germany (-8 percentage points) in terms of total imports decreased from 2007-2016. At the same time, the shares of Ireland and Denmark attained +15 percentage points and +6 percentage points, respectively, over the same period. 

The Netherlands Emerged as the Major Destination of Tallow Exports from the UK

The UK exported 84.6K tonnes of tallow in 2016, which equated €50.1M. In physical terms, the volume of exports decreased by -15% from the previous year – tallow is widely used for production of biodiesel, the demand for which has slowed down due to the fact that traditional fuels became significantly cheaper.

The UK exports amount to approx. 64% of the total output in the country, therefore, demand from export markets provide noticeable support to the tallow industry. Therefore, the decline in exports led to a decrease in production volumes, which, however, did not have a significant impact on the domestic market.

In 2016, the Netherland (45% of the total exports) constituted the main destination for tallow exports, followed by Belgium (18%), Germany (14%), Ireland (12%) and France (9%). The Netherlands (+46.9% per year) emerged as the fastest-growing export destination, given the fact that tallow is widely traded at the country’s exchanges in Rotterdam. Therefore, the share of the Netherlands in terms of the total exports increased from 4% in 2007 to 45% in 2016; the share of Germany, meanwhile, decreased by -19 percentage points to 14% in 2016. The shares of the other countries remained relatively stable over the period under review.

Do you want to know more about the UK 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 industry
  • tallow sales
  • tallow import
  • tallow export
  • tallow market forecast
  • tallow price forecast

Source: IndexBox AI Platform

Product coverage:
• FCL 1225 - Tallow

This report provides an in-depth analysis of the tallow market in the UK. 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.


Country coverage:
• United Kingdom

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• 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
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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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
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. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007-2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2018
Figure 5:
Trade Balance, In Physical Terms, 2007-2018
Figure 6:
Trade Balance, In Value Terms, 2007-2018
Figure 7:
Per Capita Consumption, 2007-2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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