Italy - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTallow Price in Italy - 2023
Contents:
- Tallow Price in Italy (FOB) - 2023
- Tallow Price in Italy (CIF) - 2022
- Tallow Exports in Italy
- Tallow Imports in Italy
Tallow Price in Italy (FOB) - 2023
In August 2023, the average tallow export price amounted to $959 per ton, surging by 5.1% against the previous month. Over the period under review, the export price, however, recorded a perceptible curtailment. The export price peaked at $1,362 per ton in August 2022; however, from September 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Greece ($1,665 per ton), while the average price for exports to Slovakia ($59.0 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-0.1%), while the prices for the other major destinations experienced a decline.
Tallow Price in Italy (CIF) - 2022
The average tallow import price stood at $1,272 per ton in 2022, rising by 30% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tallow import price increased by +110.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 33% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1,951 per ton), while the price for Romania ($407 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+49.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Tallow Exports in Italy
In 2022, approx. 34K tons of tallow were exported from Italy; increasing by 22% against 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 72%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, tallow exports soared to $44M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 168%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Export of Tallow in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 6.2 | 2.8 | 8.5 | 17.3 | 40.8% |
Spain | 4.7 | 6.2 | 18.7 | 13.9 | 43.5% |
Belgium | N/A | N/A | 0.7 | 4.1 | 485.7% |
Germany | 0.5 | 0.5 | 1.3 | 3.5 | 91.3% |
Austria | 0.1 | 0.4 | 0.3 | 1.3 | 135.1% |
Bulgaria | N/A | N/A | N/A | 0.3 | 0% |
Others | 0.8 | 2.2 | 3.0 | 3.3 | 60.4% |
Total | 12.4 | 12.2 | 32.5 | 43.8 | 52.3% |
Top Export Markets for Tallow from Italy in 2022:
- Netherlands (12.6K tons)
- Spain (10.3K tons)
- Austria (3.7K tons)
- Belgium (2.9K tons)
- Germany (2.1K tons)
- Bulgaria (0.8K tons)
Tallow Imports in Italy
In 2022, approx. 17K tons of tallow were imported into Italy; declining by -28.6% against the year before. Over the period under review, imports continue to indicate a deep slump. The smallest decline of -2.2% was in 2021.
In value terms, tallow imports declined to $22M in 2022. The total import value increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. As a result, imports reached the peak of $24M, and then shrank in the following year.
Import of Tallow in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 5.7 | 4.7 | 8.2 | 6.4 | 3.9% |
France | 6.5 | 7.1 | 4.1 | 5.1 | -7.8% |
Netherlands | 0.3 | 0.3 | 1.6 | 2.9 | 113.0% |
Austria | 1.3 | 1.6 | 2.3 | 2.4 | 22.7% |
Greece | 0.2 | N/A | 0.7 | 1.3 | 86.6% |
Denmark | 1.3 | 0.8 | 2.0 | 1.2 | -2.6% |
Switzerland | N/A | 0.1 | 0.4 | 0.8 | 182.8% |
Slovenia | 0.4 | 0.5 | 1.2 | 0.7 | 20.5% |
Spain | N/A | 0.2 | 0.2 | 0.7 | 87.1% |
Romania | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
Argentina | 1.0 | N/A | N/A | N/A | 0% |
United Kingdom | 0.5 | 0.6 | 0.7 | N/A | 18.3% |
Others | 0.5 | 2.2 | 2.2 | 0.6 | 6.3% |
Total | 17.8 | 18.2 | 23.8 | 22.2 | 7.6% |
Top Suppliers of Tallow to Italy in 2022:
- Germany (4.9K tons)
- France (3.3K tons)
- Netherlands (2.5K tons)
- Austria (1.6K tons)
- Denmark (1.2K tons)
- Greece (1.2K tons)
- Romania (0.7K tons)
- Slovenia (0.5K tons)
- Switzerland (0.5K tons)
- Spain (0.5K tons)
This report provides an in-depth analysis of the tallow market in Italy. 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.
Product coverage:
- FCL 1225 - Tallow
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, the global tallow market stood at X tons in 2016. Overall, the market was stable from 2007 to 2016, with only soft variations over the period.
Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
Global tallow exports amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global tallow imports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
In 2015, the country with the largest volume of the tallow output was the United States (X thousand tons), accounting for X% of global production.
The tallow market volume followed an overall negative trend. A drop in 2008 was followed by stagnation at about X thousand tons, until the market fell again in 2012.
The pursuit of healthy nutrition is an acute trend in the American lifestyle. However, the concern about health hasn't reached the entire population yet, as fast food is still highly sought, demonstrated by the strong deman
The U.S. dominates in the global tallow trade. In 2014, the U.S. exported X thousand tons of tallow totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total tallow exports in
In 2016, the global tallow market stood at X tons in 2016. Overall, the market was stable from 2007 to 2016, with only soft variations over the period.
Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.