Austria: Tallow Market Overview 2021

Tallow Market Size in Austria

The Austrian tallow market declined markedly to $X in 2019, shrinking by -X% against the previous year. Overall, consumption, however, saw a mild descent. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Tallow consumption peaked at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Tallow Production in Austria

In value terms, tallow production dropped to $X in 2019 estimated in export prices. Over the period under review, production enjoyed a mild increase. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% against the previous year. Tallow production peaked at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.

Tallow Exports

Exports from Austria

After three years of growth, overseas shipments of tallow decreased by -X% to X tonnes in 2019. In general, exports saw a mild reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, tallow exports fell to $X in 2019. Over the period under review, exports enjoyed noticeable growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes), the Netherlands (X tonnes) and Italy (X tonnes) were the main destinations of tallow exports from Austria, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in the Netherlands (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tallow exported from Austria were Germany ($X), the Netherlands ($X) and Italy ($X), together accounting for X% of total exports.

The Netherlands (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tallow export price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the export price, however, posted a tangible expansion. The growth pace was the most rapid in 2014 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Bosnia and Herzegovina ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Tallow Imports

Imports into Austria

In 2019, purchases abroad of tallow decreased by -X% to X tonnes for the first time since 2012, thus ending a six-year rising trend. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes, and then fell significantly in the following year.

In value terms, tallow imports fell rapidly to $X in 2019. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2018, and then contracted remarkably in the following year.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest supplier of tallow to Austria, accounting for a X% share of total imports. Moreover, tallow imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tonnes), sixfold. The third position in this ranking was occupied by Poland (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and Poland (+X% per year).

In value terms, the largest tallow suppliers to Austria were Germany ($X), Poland ($X) and the Czech Republic ($X), together accounting for X% of total imports. The UK and Italy lagged somewhat behind, together comprising a further X terms of the main suppliers, the UK (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average tallow import price amounted to $X per tonne, with an increase of X% against the previous year. In general, the import price, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tallow in the world?

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The country with the largest volume of tallow consumption was the U.S. (2.9M tonnes), accounting for 42% of total volume. Moreover, tallow consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Brazil (754K tonnes), fourfold. Australia (514K tonnes) ranked third in terms of total consumption with a 7.6% share.

What are the largest producers of tallow in the world?

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The country with the largest volume of tallow production was the U.S. (3.1M tonnes), accounting for 47% of total volume. Moreover, tallow production in the U.S. exceeded the figures recorded by the second-largest producer, Brazil (697K tonnes), fourfold. The third position in this ranking was occupied by Australia (654K tonnes), with a 9.8% share.

What are the leading suppliers of tallow to Austria?

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In value terms, Germany ($988K), Poland ($568K) and the Czech Republic ($258K) were the largest tallow suppliers to Austria, together comprising 84% of total imports. These countries were followed by the UK and Italy, which together accounted for a further 12%.

What are the leading importers of tallow from Austria?

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In value terms, Germany ($3.4M), the Netherlands ($3.3M) and Italy ($992K) appeared to be the largest markets for tallow exported from Austria worldwide, with a combined 88% share of total exports.

What is the average export price for tallow in Austria?

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In 2019, the average tallow export price amounted to $512 per tonne, waning by -3.9% against the previous year.

What is the average import price for tallow in Austria?

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The average tallow import price stood at $385 per tonne in 2019, growing by 24% against the previous year.