Greece: Tallow Market Overview 2021

Tallow Market Size in Greece

For the fifth consecutive year, the Greek tallow market recorded decline in sales value, which decreased by -X% to $X in 2019. In general, consumption, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2010 to 2019, the growth of the market failed to regain the momentum.

Tallow Production in Greece

In value terms, tallow production fell to $X in 2019 estimated in export prices. Over the period under review, production showed a deep reduction. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2010 to 2019, production growth remained at a somewhat lower figure.

Tallow Exports

Exports from Greece

In 2019, tallow exports from Greece surged to X tonnes, with an increase of X% compared with 2018 figures. Overall, exports continue to indicate significant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tallow exports surged to $X in 2019. Over the period under review, exports continue to indicate a significant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tonnes) was the main destination for tallow exports from Greece, accounting for a X% share of total exports. Moreover, tallow exports to Italy exceeded the volume sent to the second major destination, Spain (X tonnes), sixfold.

From 2007 to 2019, the average annual growth rate of volume to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Bulgaria (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Bulgaria (-X% per year).

Export Prices by Country

In 2019, the average tallow export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2010; however, from 2011 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Italy ($X per tonne), while the average price for exports to Spain ($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 Italy, while the prices for the other major destinations experienced a decline.

Tallow Imports

Imports into Greece

Tallow imports into Greece surged to X tonnes in 2019, growing by X% compared with 2018 figures. Over the period under review, imports recorded a temperate increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2019 and are likely to see gradual growth in years to come.

In value terms, tallow imports surged to $X in 2019. In general, imports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tonnes), the Netherlands (X tonnes) and Cyprus (X tonnes) were the main suppliers of tallow imports to Greece, with a combined X% share of total imports. Belgium, Romania, Poland and Germany lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Belgium ($X) constituted the largest tallow suppliers to Greece, together comprising X% of total imports.

Among the main suppliers, Belgium (+X% per year) saw the highest rates of growth with regard to 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

The average tallow import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the import price saw a slight slump. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tallow in the world?

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The U.S. (2.9M tonnes) remains the largest tallow consuming country worldwide, 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. The third position in this ranking was occupied by Australia (514K tonnes), 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. Australia (654K tonnes) ranked third in terms of total production with a 9.8% share.

What are the leading suppliers of tallow to Greece?

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In value terms, the largest tallow suppliers to Greece were Italy ($572K), the Netherlands ($405K) and Belgium ($259K), with a combined 75% share of total imports.

What are the leading importers of tallow from Greece?

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In value terms, Italy ($250K) remains the key foreign market for tallow exports from Greece, comprising 88% of total exports. The second position in the ranking was occupied by Spain ($12K), with a 4.2% share of total exports.

What is the average export price for tallow in Greece?

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In 2019, the average tallow export price amounted to $622 per tonne, reducing by -8.1% against the previous year.

What is the average import price for tallow in Greece?

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In 2019, the average tallow import price amounted to $674 per tonne, falling by -5.7% against the previous year.