EU: Tallow Market 2024

Tallow Market Size in the EU

In 2022, the EU tallow market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Tallow Production in the EU

In value terms, tallow production rose to $X in 2022 estimated in export price. Overall, production, however, showed a mild increase. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Tallow Exports

Exports in the EU

In 2022, approx. X tons of tallow were exported in the European Union; reducing by X% compared with 2021. Total exports indicated noticeable growth from 2012 to 2022: its volume 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, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, tallow exports soared to $X in 2022. Over the period under review, exports, however, showed resilient growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, France (X tons), distantly followed by Germany (X tons), Ireland (X tons), the Netherlands (X tons), Italy (X tons) and Poland (X tons) represented the main exporters of tallow, together comprising X% of total exports. Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tallow supplying countries in the European Union were France ($X), Germany ($X) and Ireland ($X), with a combined X% share of total exports. The Netherlands, Italy, Poland and Portugal lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. In general, the export price posted a noticeable increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the other leaders experienced more modest paces of growth.

Tallow Imports

Imports in the EU

In 2022, approx. X tons of tallow were imported in the European Union; which is down by X% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, tallow imports rose rapidly to $X in 2022. Overall, imports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Belgium (X tons) and the Netherlands (X tons) were the largest importers of tallow in the European Union, together making up X% of total imports. Spain (X tons) ranks next in terms of the total imports with an X% share, followed by Germany (X%) and Italy (X%). Poland (X tons), Austria (X tons), Sweden (X tons), France (X tons), Ireland (X tons) and Slovakia (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tallow importing markets in the European Union were Belgium ($X), the Netherlands ($X) and Spain ($X), with a combined X% share of total imports. Germany, Poland, Italy, Sweden, France, Ireland, Austria and Slovakia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price saw moderate growth. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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