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

Tallow Market Size in China

In 2020, after two years of growth, there was decline in the Chinese tallow market, when its value decreased by -X% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. Tallow consumption peaked at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Tallow Production in China

In value terms, tallow production reached $X in 2020 estimated in export prices. Overall, production showed buoyant growth. The pace of growth was the most pronounced in 2012 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Tallow Exports

Exports from China

In 2020, shipments abroad of tallow increased by X% to X tonnes, rising for the seventh year in a row after two years of decline. in general, exports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, tallow exports fell remarkably to $X in 2020. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Exports peaked at $X in 2019, and then dropped sharply in the following year.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination for tallow exports from China, accounting for a X% share of total exports. Moreover, tallow exports to the United Arab Emirates exceeded the volume sent to the second major destination, Jordan (X tonnes), fourfold. The third position in this ranking was occupied by Kuwait (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+X% per year) and Kuwait (-X% per year).

In value terms, Jordan ($X), the United Arab Emirates ($X) and Kuwait ($X) were the largest markets for tallow exported from China worldwide, together comprising X% of total exports.

Jordan (+X% per year) saw the highest growth rate of the value of exports, among 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

In 2020, the average tallow export price amounted to $X per tonne, dropping by -X% against the previous year. in general, the export price, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. in 2020, the country with the highest price was Jordan ($X per tonne), while the average price for exports to the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Tallow Imports

Imports into China

In 2020, the amount of tallow imported into China reduced notably to X tonnes, falling by -X% on 2019 figures. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, tallow imports declined modestly to $X in 2020. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Australia (X tonnes) constituted the largest supplier of tallow to China, with a X% share of total imports. Moreover, tallow imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (X tonnes), threefold. Uruguay (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Australia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-X% per year) and Uruguay (+X% per year).

In value terms, Australia ($X) constituted the largest supplier of tallow to China, comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Australia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-X% per year) and Uruguay (+X% per year).

Import Prices by Country

In 2020, the average tallow import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, import price indicated a modest increase 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 was the most pronounced in 2011 when the average 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 average import prices remained at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tallow in the world?
+
The U.S. (4M tonnes) remains the largest tallow consuming country worldwide, accounting for 50% of total volume. Moreover, tallow consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Brazil (797K tonnes), fivefold. Singapore (582K tonnes) ranked third in terms of total consumption with a 7.3% share.
What are the largest producers of tallow in the world?
+
The U.S. (4.1M tonnes) remains the largest tallow producing country worldwide, accounting for 53% of total volume. Moreover, tallow production in the U.S. exceeded the figures recorded by the second-largest producer, Brazil (708K tonnes), sixfold. Australia (575K tonnes) ranked third in terms of total production with a 7.3% share.
What are the leading suppliers of tallow to China?
+
In value terms, Australia ($56M) constituted the largest supplier of tallow to China, comprising 68% of total imports. The second position in the ranking was occupied by New Zealand ($18M), with a 21% share of total imports. It was followed by Uruguay, with a 4.6% share.
What are the leading importers of tallow from China?
+
In value terms, the largest markets for tallow exported from China were Jordan ($562K), the United Arab Emirates ($453K) and Kuwait ($147K), with a combined 87% share of total exports.
What is the average export price for tallow in China?
+
In 2020, the average tallow export price amounted to $931 per tonne, declining by -38.5% against the previous year.
What is the average import price for tallow in China?
+
In 2020, the average tallow import price amounted to $812 per tonne, picking up by 14% against the previous year.

Product coverage:
• FCL 1225 - Tallow

This report provides an in-depth analysis of the tallow market in China. 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:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 in 2007–2020
Table 5:
Imports, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Value Terms, by Country, 2007–2020
Table 7:
Import Prices, by Country of Origin, 2007–2020
Table 8:
Exports, in Physical Terms, by Country, 2007–2020
Table 9:
Exports, in Value Terms, by Country, 2007–2020
Table 10:
Export Prices, by Country of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, in Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, in Value Terms, 2007–2020
Figure 5:
Trade Balance, in Physical Terms, 2007–2020
Figure 6:
Trade Balance, in Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast to 2030
Figure 9:
Products: Market Size and Growth, by Type
Figure 10:
Products: Average Per Capita Consumption, by Type
Figure 11:
Products: Exports and Growth, by Type
Figure 12:
Products: Export Prices and Growth, by Type
Figure 13:
Production Volume and Growth
Figure 14:
Exports and Growth
Figure 15:
Export Prices and Growth
Figure 16:
Market Size and Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports and Growth
Figure 19:
Import Prices
Figure 20:
Production, in Physical Terms, 2007–2020
Figure 21:
Production, in Value Terms, 2007–2020
Figure 22:
Imports, in Physical Terms, 2007–2020
Figure 23:
Imports, in Value Terms, 2007–2020
Figure 24:
Imports, in Physical Terms, by Country, 2020
Figure 25:
Imports, in Physical Terms, by Country, 2007–2020
Figure 26:
Imports, in Value Terms, by Country, 2007–2020
Figure 27:
Import Prices, by Country of Origin, 2007–2020
Figure 28:
Exports, in Physical Terms, 2007–2020
Figure 29:
Exports, in Value Terms, 2007–2020
Figure 30:
Exports, in Physical Terms, by Country, 2020
Figure 31:
Exports, in Physical Terms, by Country, 2007–2020
Figure 32:
Exports, in Value Terms, by Country, 2007–2020
Figure 33:
Export Prices, by Country of Destination, 2007–2020
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