Tallow Market

Tallow market: enjoy recently published information secured by an Ai-driven BI tool. Statistics cover imports, market prices, exports, companies, market size, trade, production, and consumption. There is a breakdown by country, including Latin America, China, the Middle East, the U.S., EU, Russia, the U.K., and Africa. Market dynamics and outlook to 2030 are also featured in the dashboards.


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Tallow - World's Largest Markets

RatingCountry
1United States
2Brazil
3Singapore
4China
5Mexico

In value terms, the United States led the market, alone. The second position in the ranking was occupied by Brazil. It was followed by Singapore.

In the United States, the tallow market increased at an average annual rate of +7.7% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: Brazil (+15.8% per year) and Singapore (+46.7% per year).

Tallow Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Argentina645519607-3.0%
Paraguay5575376568.5%
Uruguay52855567713.2%
New Zealand6055847138.6%
Germany6716047203.6%
Australia7197817220.2%
France7536257550.1%
Ireland6356177649.7%
Malaysia6756037656.5%
United States6997327896.2%
Canada7087788348.5%
United Kingdom7116538348.3%
Netherlands918864866-2.9%
Average6886797504.4%

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in the Netherlands ($866 per tonne) and Canada ($834 per tonne), while Argentina ($607 per tonne) and Paraguay ($656 per tonne) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Uruguay, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Singapore6875858219.3%
Netherlands7036908187.9%
United States7298008175.9%
Mexico6887327786.3%
Belgium6746467787.4%
Canada7317547561.7%
China714711711-0.2%
Spain6155686230.6%
Germany629557584-3.6%
Brazil536491485-4.9%
Average6966757735.4%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Singapore ($821 per tonne), while Brazil ($485 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other global leaders experienced more modest paces of growth.

Tallow - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
Singapore0.20.30.551.3%
Mexico0.20.20.23.0%
United States0.10.20.234.7%
Belgium0.10.090.14.6%
China0.080.090.096.1%

In value terms, Singapore ($477M) constitutes the largest market for imported tallow worldwide, comprising 32% of global imports. The second position in the ranking was occupied by Mexico ($183M), with a 12% share of global imports. It was followed by the United States, with a 12% share.

In Singapore, tallow imports expanded at an average annual rate of +51.3% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Mexico (+3.0% per year) and the United States (+34.7% per year).

Tallow - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States0.30.30.31.0%
Australia0.20.10.317.8%
Canada0.10.20.222.6%
France0.090.080.19.0%
New Zealand0.090.070.08-3.5%

In value terms, the United States ($318M), Australia ($297M) and Canada ($181M) appeared to be the countries with the highest levels of exports in 2020, with a combined 54% share of global exports. These countries were followed by France, New Zealand, Germany, Ireland, the UK, Uruguay, Malaysia, Argentina, Paraguay and the Netherlands, which together accounted for a further 37%.

In terms of the main exporting countries, Malaysia recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Tallow - Market Forecast

Driven by increasing demand for tallow worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Tallow - Top Companies

JBS S/A, Tyson Foods, Inc., Micarna SA, Rudolf Schär AG, Mérat & Cie. AG, Tyson Fresh Meats, Inc., Jbs USA Holdings, LLC, NH FOODS LTD., Smithfield Foods, Inc., Hormel Foods Corporation, Henan Shuanghui Investment and Development Co., Ltd., Jbs USA Food Company, Ernst Sutter AG, SULAI AG, Seaboard Corporation, Marfrig Global Foods S/A., AUSTRALIAN CONSOLIDATED FOOD INVESTMENTS PTY LIMITED, PRIMO MEATS PTY LTD, IMPOSETE PTY LTD, PRIMO RETAIL PTY LTD

Tallow - Product Coverage

  • HS 1502 - Fats of bovine animals, sheep or goats; raw or rendered, whether or not pressed or solvent-extracted
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World - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global tallow market.

Middle East - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tallow market in the Middle East.

Africa - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tallow market in Africa.

Eastern Asia - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tallow market in Eastern Asia.

Central Asia - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tallow market in Central Asia.

South-Eastern Asia - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tallow market in South-Eastern Asia.

Latin America and the Caribbean - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tallow market in Latin America and the Caribbean.

Southern Asia - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tallow market in Southern Asia.

Northern America - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tallow market in Northern America.

Australia and Oceania - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tallow market in Australia and Oceania.

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