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Asia - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Tallow Market Overview 2021

Tallow Market Size in Asia

In 2020, the Asian tallow market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. The level of consumption peaked at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Tallow Production in Asia

In value terms, tallow production rose remarkably to $X in 2020 estimated in export prices. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Production by Country in Asia

The countries with the highest volumes of tallow production in 2020 were China (X tonnes), India (X tonnes) and Iran (X tonnes), together accounting for X% of total production. Malaysia lagged somewhat behind, comprising a further X 2007 to 2020, the most notable rate of growth in terms of tallow production, amongst the leading producing countries, was attained by Malaysia, while tallow production for the other leaders experienced more modest paces of growth.

Tallow Exports

Exports in Asia

In 2020, overseas shipments of tallow increased by X% to X tonnes, rising for the fifth consecutive year after two years of decline. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are likely to see gradual growth in the near future.

In value terms, tallow exports soared to $X in 2020. in general, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. The level of export peaked in 2020 and is likely to see gradual growth in the near future.

Exports by Country

Malaysia was the largest exporter of tallow in Asia, with the volume of exports amounting to X tonnes, which was near X% of total exports in 2020. India (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by South Korea (X%). The following exporters - Saudi Arabia (X tonnes) and China (X tonnes) - each finished at a X% share of total exports.

Malaysia was also the fastest-growing in terms of the tallow exports, with a CAGR of +X% from 2007 to 2020. at the same time, India (+X%), China (+X%), Saudi Arabia (+X%) and South Korea (+X%) displayed positive paces of growth. From 2007 to 2020, the share of Malaysia and India increased by +X% and +X% percentage points, while Saudi Arabia (-X p.p.) and South Korea (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), India ($X) and South Korea ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports.

Malaysia (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the tallow export price in Asia amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. in 2020, major exporting countries recorded the following prices: in India ($X per tonne) and China ($X per tonne), while Saudi Arabia ($X per tonne) and South Korea ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Tallow Imports

Imports in Asia

In 2020, imports of tallow in Asia rose rapidly to X tonnes, increasing by X% against the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, tallow imports surged to $X in 2020. in general, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Singapore (X tonnes) represented the key importer of tallow, comprising X% of total imports. China (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by Malaysia (X%). The Philippines (X tonnes), Taiwan (Chinese) (X tonnes) and Nepal (X tonnes) occupied a relatively small share of total imports.

Imports into Singapore increased at an average annual rate of +X% from 2007 to 2020. at the same time, Malaysia (+X%), Nepal (+X%) and the Philippines (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. by contrast, China (-X%) and Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. While the share of Singapore (+X p.p.), Malaysia (+X p.p.) and the Philippines (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Taiwan (Chinese) (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported tallow in Asia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Singapore, tallow imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: China (-X% per year) and Malaysia (+X% per year).

Import Prices by Country

In 2020, the tallow import price in Asia amounted to $X per tonne, rising by X% against the previous year. Import price indicated slight growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when the import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. in 2020, major importing countries recorded the following prices: in the Philippines ($X per tonne) and Taiwan (Chinese) ($X per tonne), while Nepal ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Nepal, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tallow in Asia?
+
The country with the largest volume of tallow consumption was Singapore (582K tonnes), comprising approx. 50% of total volume. Moreover, tallow consumption in Singapore exceeded the figures recorded by the second-largest consumer, China (249K tonnes), twofold. India (122K tonnes) ranked third in terms of total consumption with a 11% share.
What are the largest producers of tallow in Asia?
+
The countries with the highest volumes of tallow production in 2020 were China (150K tonnes), India (140K tonnes) and Iran (53K tonnes), together comprising 90% of total production. Malaysia lagged somewhat behind, comprising a further 6.1%.
What are the leading suppliers of tallow in Asia?
+
In value terms, the largest tallow supplying countries in Asia were Malaysia ($35M), India ($20M) and South Korea ($3.2M), with a combined 92% share of total exports.
What are the leading importers of tallow in Asia?
+
In value terms, Singapore ($477M) constitutes the largest market for imported tallow in Asia, comprising 68% of total imports. The second position in the ranking was occupied by China ($82M), with a 12% share of total imports. It was followed by Malaysia, with a 6.6% share.
What is the average export price for tallow in Asia?
+
In 2020, the tallow export price in Asia amounted to $825 per tonne, growing by 26% against the previous year.
What is the average import price for tallow in Asia?
+
In 2020, the tallow import price in Asia amounted to $819 per tonne, growing by 29% against the previous year.

Product coverage:
• FCL 1225 - Tallow

This report provides an in-depth analysis of the tallow market in Asia. 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 2025.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Physical Terms, by Country, 2007–2020
Table 7:
Imports, in Value Terms, by Country, 2007–2020
Table 8:
Import Prices, by Country of Destination, 2007–2020
Table 9:
Exports, in Physical Terms, by Country, 2007–2020
Table 10:
Exports, in Value Terms, by Country, 2007–2020
Table 11:
Export Prices, by Country of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
Figure 5:
Products: Market Size and Growth, by Type
Figure 6:
Products: Average Per Capita Consumption, by Type
Figure 7:
Products: Exports and Growth, by Type
Figure 8:
Products: Export Prices and Growth, by Type
Figure 9:
Production Volume and Growth
Figure 10:
Exports and Growth
Figure 11:
Export Prices and Growth
Figure 12:
Market Size and Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports and Growth
Figure 15:
Import Prices
Figure 16:
Production, in Physical Terms, 2007–2020
Figure 17:
Production, in Value Terms, 2007–2020
Figure 18:
Production, by Country, 2020
Figure 19:
Production, in Physical Terms, by Country, 2007–2020
Figure 20:
Imports, in Physical Terms, 2007–2020
Figure 21:
Imports, in Value Terms, 2007–2020
Figure 22:
Imports, in Physical Terms, by Country, 2020
Figure 23:
Imports, in Physical Terms, by Country, 2007–2020
Figure 24:
Imports, in Value Terms, by Country, 2007–2020
Figure 25:
Import Prices, by Country, 2007–2020
Figure 26:
Exports, in Physical Terms, 2007–2020
Figure 27:
Exports, in Value Terms, 2007–2020
Figure 28:
Exports, in Physical Terms, by Country, 2020
Figure 29:
Exports, in Physical Terms, by Country, 2007–2020
Figure 30:
Exports, in Value Terms, by Country, 2007–2020
Figure 31:
Export Prices, 2007–2020
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