Austria: Tallow Market 2024

Tallow Market Size in Austria

In 2022, the Austrian tallow market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a noticeable expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Tallow Production in Austria

In value terms, tallow production declined to $X in 2022 estimated in export price. In general, production saw a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Tallow Exports

Exports from Austria

In 2022, shipments abroad of tallow decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, tallow exports surged to $X in 2022. Overall, exports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for tallow exports from Austria, accounting for a X% share of total exports. Moreover, tallow exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fourfold. Slovakia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Slovakia (X% per year).

In value terms, Germany ($X) remains the key foreign market for tallow exports from Austria, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Slovakia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2022, the average tallow export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Slovakia ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tallow Imports

Imports into Austria

In 2022, supplies from abroad of tallow decreased by X% to X tons, falling for the second consecutive year after six years of growth. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, tallow imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Germany (X tons) 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, Hungary (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Italy (X% per year).

In value terms, Germany ($X) constituted the largest supplier of tallow to Austria, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Hungary (X% per year).

Import Prices by Country

The average tallow import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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