MERCOSUR: Tallow Market 2024

Tallow Market Size in MERCOSUR

The MERCOSUR tallow market expanded slightly to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, recorded a notable expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Tallow Production in MERCOSUR

In value terms, tallow production expanded remarkably to $X in 2022 estimated in export price. In general, production saw a strong increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Tallow Exports

Exports in MERCOSUR

In 2022, the amount of tallow exported in MERCOSUR surged to X tons, jumping by X% on the year before. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, tallow exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Argentina (X tons), Uruguay (X tons), Brazil (X tons) and Paraguay (X tons) represented the major exporter of tallow in MERCOSUR, committing X% of total export.

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

In value terms, Brazil ($X), Uruguay ($X) and Paraguay ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 MERCOSUR amounted to $X per ton, surging by X% against the previous year. In general, the export price continues to indicate noticeable growth. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain 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 Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Tallow Imports

Imports in MERCOSUR

In 2022, approx. X tons of tallow were imported in MERCOSUR; increasing by X% on the previous year's figure. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, tallow imports surged to $X in 2022. Overall, imports recorded a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Brazil (X tons) was the main importer of tallow, committing X% of total imports. Uruguay (X tons) took the second position in the ranking, distantly followed by Venezuela (X tons). All these countries together held near X% share of total imports. Chile (X tons), Argentina (X tons) and Colombia (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tallow imports into Brazil stood at X%. At the same time, Uruguay (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Venezuela (X%) and Colombia (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Uruguay (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.), Chile (X p.p.), Colombia (X p.p.) and Venezuela (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) constitutes the largest market for imported tallow in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Uruguay ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Brazil, tallow imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, jumping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain 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 Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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