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Singapore - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Tallow Market Overview 2021

Tallow Market Size in Singapore

The Singaporean tallow market soared to $X in 2020, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs in 2020 and is likely to see gradual growth in the immediate term.

Tallow Exports

Exports from Singapore

In 2020, the amount of tallow exported from Singapore reduced dramatically to X tonnes, which is down by -X% on 2019. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, tallow exports declined remarkably to $X in 2020. Over the period under review, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

Indonesia (X tonnes) was the main destination for tallow exports from Singapore, accounting for a X% share of total exports. Moreover, tallow exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tonnes), threefold. The third position in this ranking was occupied by the United Arab Emirates (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Indonesia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and the United Arab Emirates (X% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for tallow exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Indonesia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2020, the average tallow export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price, however, recorded a mild increase. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2020, the countries with the highest prices were Malaysia ($X per tonne) and Indonesia ($X per tonne), while the average price for exports to Cambodia ($X per tonne) and the United Arab Emirates ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced mixed trend patterns.

Tallow Imports

Imports into Singapore

In 2020, purchases abroad of tallow increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are likely to continue growth in years to come.

In value terms, tallow imports skyrocketed to $X in 2020. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in years to come.

Imports by Country

Australia (X tonnes), the U.S. (X tonnes) and New Zealand (X tonnes) were the main suppliers of tallow imports to Singapore, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the U.S. (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tallow suppliers to Singapore were Australia ($X), the U.S. ($X) and New Zealand ($X), with a combined X% share of total imports.

In terms of the main suppliers, the U.S. (+X% per year) recorded 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

In 2020, the average tallow import price amounted to $X per tonne, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Australia ($X per tonne) and the U.S. ($X per tonne), while the price for Malaysia ($X per tonne) and New Zealand ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tallow in the world?
+
The U.S. (4M tonnes) constituted the country with the largest volume of tallow consumption, comprising approx. 50% of total volume. Moreover, tallow consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Brazil (797K tonnes), fivefold. Singapore (624K tonnes) ranked third in terms of total consumption with a 7.9% share.
What are the largest producers of tallow in the world?
+
The U.S. (4.1M tonnes) remains the largest tallow producing country worldwide, accounting for 53% of total volume. Moreover, tallow production in the U.S. exceeded the figures recorded by the second-largest producer, Brazil (708K tonnes), sixfold. The third position in this ranking was occupied by Australia (575K tonnes), with a 7.3% share.
What are the leading suppliers of tallow to Singapore?
+
In value terms, the largest tallow suppliers to Singapore were Australia ($221M), the U.S. ($174M) and New Zealand ($49M), together comprising 93% of total imports.
What are the leading importers of tallow from Singapore?
+
In value terms, Indonesia ($27K) emerged as the key foreign market for tallow exports from Singapore, comprising 64% of total exports. The second position in the ranking was occupied by Malaysia ($10K), with a 23% share of total exports. It was followed by the United Arab Emirates, with a 9% share.
What is the average export price for tallow in Singapore?
+
In 2020, the average tallow export price amounted to $763 per tonne, declining by -30.5% against the previous year.
What is the average import price for tallow in Singapore?
+
The average tallow import price stood at $765 per tonne in 2020, jumping by 31% against the previous year.

Product coverage:
• FCL 1225 - Tallow

This report provides an in-depth analysis of the tallow market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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