U.S. - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTallow Price in the United States - 2023
Contents:
- Tallow Price in the United States (FOB) - 2023
- Tallow Price in the United States (CIF) - 2023
- Tallow Exports in the United States
- Tallow Imports in the United States
Tallow Price in the United States (FOB) - 2023
In September 2023, the average tallow export price amounted to $1,626 per ton, rising by 5.7% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 83% month-to-month. Over the period under review, the average export prices attained the maximum in September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1,646 per ton), while the average price for exports to China ($1,035 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Tallow Price in the United States (CIF) - 2023
The average tallow import price stood at $1,385 per ton in September 2023, almost unchanged from the previous month. Over the period under review, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 13% against the previous month. The import price peaked at $1,802 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were Canada ($1,789 per ton) and New Zealand ($1,445 per ton), while the price for Brazil ($1,211 per ton) and Argentina ($1,213 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (-0.2%), while the prices for the other major suppliers experienced a decline.
Tallow Exports in the United States
For the third consecutive year, the United States recorded decline in shipments abroad of tallow, which decreased by -5.1% to 286K tons in 2022. Overall, exports faced a deep reduction. The smallest decline of -4.7% was in 2020.
In value terms, tallow exports reduced to $379M in 2022. The total export value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, the exports attained the peak of $383M, and then reduced slightly in the following year.
| Export of Tallow in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 187 | 180 | 264 | 193 | 1.1% |
| Canada | 24.0 | 39.1 | 84.1 | 106 | 64.1% |
| Singapore | 69.0 | 37.5 | N/A | 72.3 | 1.6% |
| Morocco | 8.7 | 10.5 | 7.9 | N/A | -4.7% |
| Turkey | 7.9 | 13.5 | 0.7 | N/A | -70.2% |
| Brazil | N/A | 20.4 | 2.3 | N/A | -88.7% |
| Others | 13.2 | 17.0 | 23.4 | 7.1 | -18.7% |
| Total | 309 | 318 | 383 | 379 | 7.0% |
Top Export Markets for Tallow from the United States in 2022:
- Brazil (undefinedK tons)
- Canada (116.5K tons)
- Mexico (115.8K tons)
- Singapore (48.6K tons)
Tallow Imports in the United States
Tallow imports into the United States soared to 554K tons in 2022, growing by 66% against the previous year. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, tallow imports soared to $945M in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 130%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tallow in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 131 | 173 | 279 | 433 | 49.0% |
| Australia | 20.2 | 21.8 | 103 | 235 | 126.6% |
| New Zealand | 0.2 | 0.2 | 52.4 | 87.1 | 658.0% |
| Brazil | N/A | N/A | 13.9 | 84.4 | 507.2% |
| Uruguay | 0.8 | N/A | 8.8 | 76.7 | 357.7% |
| Argentina | 0.2 | 1.4 | 1.1 | 25.4 | 402.7% |
| Others | 0.7 | 2.4 | 0.6 | 2.7 | 56.8% |
| Total | 154 | 199 | 459 | 945 | 83.1% |
Top Suppliers of Tallow to the United States in 2022:
- Canada (242.4K tons)
- Australia (135.9K tons)
- Brazil (57.2K tons)
- Uruguay (49.8K tons)
- New Zealand (49.5K tons)
- Argentina (17.5K tons)
This report provides an in-depth analysis of the tallow market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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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