Singapore - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTallow Price in Singapore - 2022
Contents:
- Tallow Price in Singapore (CIF) - 2022
- Tallow Price in Singapore (FOB) - 2022
- Tallow Imports in Singapore
- Tallow Exports in Singapore
Tallow Price in Singapore (CIF) - 2022
The average tallow import price stood at $2,395 per ton in September 2022, therefore, remained relatively stable against the previous month. Over the last eight months, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in April 2022 when the average import price increased by 11% m-o-m. Over the period under review, average import prices attained the maximum in September 2022.
Average prices varied somewhat amongst the major supplying countries. In September 2022, the highest price was recorded for prices from the United States ($2,972 per ton) and New Zealand ($2,881 per ton), while the price for Malaysia ($2,119 per ton) and Australia ($2,203 per ton) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Tallow Price in Singapore (FOB) - 2022
The average tallow export price stood at $2,822 per ton in 2022, surging by 41% against the previous year. Over the period under review, the export price showed a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 55% against the previous year. The export price peaked at $183,664 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($2,875 per ton), while the average price for exports to Malaysia ($1,496 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 Indonesia (+15.6%), while the prices for the other major destinations experienced a decline.
Tallow Imports in Singapore
In 2022, after three years of growth, there was significant decline in supplies from abroad of tallow, when their volume decreased by -9.6% to 466K tons. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 244,754%.
In value terms, tallow imports soared to $754M in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 182,018% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Tallow in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.2 | 222 | 270 | 303 | 1048.5% |
| United States | N/A | 174 | 224 | 207 | 9.1% |
| Malaysia | N/A | 33.1 | 40.1 | 134 | 101.2% |
| New Zealand | N/A | 48.7 | 55.8 | 72.6 | 22.1% |
| Uruguay | N/A | N/A | N/A | 27.8 | 0% |
| Others | 0.1 | N/A | 14.3 | 10.6 | 373.3% |
| Total | 0.3 | 477 | 604 | 754 | 1259.6% |
Top Suppliers of Tallow to Singapore in 2022:
- Australia (185.9K tons)
- United States (113.3K tons)
- Malaysia (93.9K tons)
- New Zealand (48.7K tons)
- Uruguay (17.6K tons)
Tallow Exports in Singapore
For the third year in a row, Singapore recorded decline in overseas shipments of tallow, which decreased by -31.9% to 14 tons in 2022. Overall, exports continue to indicate a dramatic contraction. The smallest decline of -17.8% was in 2021.
In value terms, tallow exports contracted slightly to $39K in 2022. In general, exports showed a dramatic shrinkage. The smallest decline of -3.9% was in 2021.
| Export of Tallow in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.7 | 27.1 | 39.1 | 35.1 | 268.8% |
| Taiwan (Chinese) | N/A | N/A | N/A | 1.9 | 0% |
| Malaysia | 114 | 10.2 | 1.1 | 0.4 | -84.8% |
| Others | 0.4 | 5.4 | 0.7 | 1.9 | 68.1% |
| Total | 116 | 42.6 | 41.0 | 39.3 | -30.3% |
Top Export Markets for Tallow from Singapore in 2022:
- Indonesia (12.6 tons)
- Taiwan (Chinese) (0.7 tons)
- Malaysia (0.3 tons)
This report provides an in-depth analysis of the tallow market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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.
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Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
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Global tallow imports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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1204
Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
