Romania: Tallow Market 2022

Tallow Market Size in Romania

In 2020, the Romanian tallow market increased by X% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption posted a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in the near future.

Tallow Production in Romania

In value terms, tallow production surged to $X in 2020 estimated in export prices. Overall, production posted a strong expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level in 2020 and is likely to continue growth in years to come.

Tallow Exports

Exports from Romania

In 2020, exports of tallow from Romania shrank markedly to X tonnes, declining by -X% against the year before. Overall, exports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, tallow exports dropped notably to $X in 2020. In general, exports, however, saw strong growth. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2011 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Greece (X tonnes) was the main destination for tallow exports from Romania, with a X% share of total exports. Moreover, tallow exports to Greece exceeded the volume sent to the second major destination, Italy (X tonnes), threefold. The third position in this ranking was occupied by Slovenia (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Greece amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Slovenia (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Greece stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Slovakia (-X% per year).

Export Prices by Country

In 2020, the average tallow export price amounted to $X per tonne, surging by X% against the previous year. In general, export price indicated pronounced growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, tallow export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Cyprus ($X per tonne), while the average price for exports to Slovenia ($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 Cyprus, while the prices for the other major destinations experienced more modest paces of growth.

Tallow Imports

Imports into Romania

In 2020, after four years of growth, there was significant decline in supplies from abroad of tallow, when their volume decreased by -X% to X tonnes. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at X tonnes in 2019, and then shrank sharply in the following year.

In value terms, tallow imports reduced to $X in 2020. Over the period under review, imports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Finland (X tonnes), Estonia (X tonnes) and Poland (X tonnes) were the main suppliers of tallow imports to Romania.

From 2007 to 2020, the biggest increases were in Estonia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tallow suppliers to Romania were Finland ($X), Poland ($X) and Estonia ($X), with a combined X% share of total imports.

Estonia (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers 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 2020, jumping by X% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. Over the period under review, average import prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Finland, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform