Kuwait - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTallow Price in Kuwait - 2021
Contents:
- Tallow Price in Kuwait (CIF) - 2022
- Tallow Price in Kuwait (FOB) - 2022
- Tallow Imports in Kuwait
- Tallow Exports in Kuwait
Tallow Price in Kuwait (CIF) - 2022
In 2022, the average tallow import price amounted to $1,370 per ton, declining by -4.5% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +112.6% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of 41% against the previous year. The import price peaked at $1,435 per ton in 2021, and then declined modestly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,946 per ton), while the price for Paraguay ($475 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced a decline.
Tallow Price in Kuwait (FOB) - 2022
In 2022, the average tallow export price amounted to $713 per ton, reducing by -7.3% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tallow export price increased by +71.2% against 2014 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the peak figure at $769 per ton in 2021, and then dropped in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($790 per ton), while the average price for exports to the United Arab Emirates ($634 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.
Tallow Imports in Kuwait
After three years of growth, supplies from abroad of tallow decreased by -7.1% to 245 tons in 2022. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of 264 tons, and then fell in the following year.
In value terms, tallow imports declined to $336K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $379K, and then contracted in the following year.
Import of Tallow in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 95.9 | 142 | 141 | 212 | 30.3% |
Australia | 1.1 | 21.6 | 66.0 | 33.7 | 212.9% |
Brazil | N/A | N/A | 19.1 | 28.8 | 50.8% |
Iran | 35.2 | 37.4 | 46.2 | 23.6 | -12.5% |
Netherlands | 43.1 | 16.2 | 26.5 | 14.0 | -31.3% |
Uruguay | 19.8 | 19.0 | 20.3 | 10.4 | -19.3% |
Paraguay | 5.7 | 20.4 | 14.7 | 7.5 | 9.6% |
United Arab Emirates | 23.2 | 10.6 | 0.1 | 5.4 | -38.5% |
United States | N/A | 25.7 | N/A | N/A | 0% |
South Africa | N/A | N/A | 45.0 | N/A | 0% |
Others | 11.9 | N/A | N/A | N/A | 0% |
Total | 236 | 293 | 379 | 336 | 12.5% |
Top Suppliers of Tallow to Kuwait in 2022:
- China (109.2 tons)
- Australia (31.5 tons)
- Iran (29.6 tons)
- Brazil (26.3 tons)
- Uruguay (16.2 tons)
- Paraguay (15.8 tons)
- Netherlands (9.9 tons)
- United Arab Emirates (6.5 tons)
Tallow Exports in Kuwait
In 2022, overseas shipments of tallow decreased by -9.1% to 312 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 258%.
In value terms, tallow exports shrank dramatically to $223K in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 265%.
Export of Tallow in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Pakistan | 13.5 | 24.7 | 159 | 121 | 107.7% |
United Arab Emirates | 17.1 | 134 | 43.3 | 55.2 | 47.8% |
Bahrain | 1.9 | 22.9 | 61.9 | 46.9 | 191.2% |
Qatar | 17.1 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 49.7 | 181 | 264 | 223 | 64.9% |
Top Export Markets for Tallow from Kuwait in 2022:
- Pakistan (152.6 tons)
- United Arab Emirates (87.1 tons)
- Bahrain (72.7 tons)
This report provides an in-depth analysis of the tallow market in Kuwait. 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:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- 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
-
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.