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.
Tallow - World's Largest Markets
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).
Lowest Prices - FOB - Top Exporters
|USD per ton|
Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in the Netherlands ($866 per ton) and Canada ($834 per ton), while Argentina ($607 per ton) and Paraguay ($656 per ton) 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
|USD per ton|
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 ton), while Brazil ($485 per ton) 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
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
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
This report provides an in-depth analysis of the global tallow market.
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