Denmark: Tallow Market 2022

Tallow Market Size in Denmark

For the twelfth consecutive year, the Danish tallow market recorded growth in sales value, which increased by X% to $X in 2019. Over the period under review, consumption posted significant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Tallow consumption peaked at $X in 2020; afterwards, it flattened through to 2019.

Tallow Production in Denmark

In value terms, tallow production shrank significantly to $X in 2020 estimated in export prices. In general, production, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Tallow production peaked at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Tallow Exports

Exports from Denmark

In 2020, after two years of growth, there was significant decline in shipments abroad of tallow, when their volume decreased by -X% to X tonnes. Over the period under review, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2019, and then declined rapidly in the following year.

In value terms, tallow exports contracted remarkably to $X in 2020. In general, exports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for tallow exports from Denmark, with a X% share of total exports. It was followed by Egypt (X tonnes), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany stood at +X%.

In value terms, Germany ($X) remains the key foreign market for tallow exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Germany amounted to +X%.

Export Prices by Country

The average tallow export price stood at $X per tonne in 2020, shrinking by -X% against the previous year. Overall, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Egypt ($X per tonne), while the average price for exports to Germany totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany.

Tallow Imports

Imports into Denmark

In 2020, overseas purchases of tallow decreased by -X% to X tonnes, falling for the second year in a row after four years of growth. In general, imports showed a slight descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, tallow imports rose markedly to $X in 2020. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X tonnes) was the main supplier of tallow to Denmark, with a X% share of total imports. It was followed by Norway (X tonnes), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Germany stood at -X%.

In value terms, Germany ($X) constituted the largest supplier of tallow to Denmark, comprising X% of total imports. The second position in the ranking was occupied by Norway ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany was relatively modest.

Import Prices by Country

In 2020, the average tallow import price amounted to $X per tonne, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per tonne), while the price for Norway stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Norway.

Source: IndexBox Platform