Austria: Tallow Market 2024

Tallow Market Size in Austria

For the third consecutive year, the Austrian tallow market recorded growth in sales value, which increased by 13% to $X in 2022. In general, consumption, however, continues to indicate a noticeable increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Tallow Production in Austria

In value terms, tallow production stood at $X in 2022 estimated in export price. In general, production showed a noticeable downturn. The growth pace was the most rapid in 2014 when the production volume increased by 76% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Tallow Exports

Exports from Austria

In 2022, overseas shipments of tallow decreased by -0.8% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 97% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tallow exports skyrocketed to $X in 2022. Overall, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2014 when exports increased by 152% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for tallow exports from Austria, with a 67% share of total exports. Moreover, tallow exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fourfold. Slovakia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+16.1% per year) and Slovakia (+43.0% per year).

In value terms, Germany ($X) remains the key foreign market for tallow exports from Austria, comprising 67% of total exports. The second position in the ranking was taken by Poland ($X), with a 16% share of total exports. It was followed by Slovakia, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+22.9% per year) and Slovakia (+51.0% per year).

Export Prices by Country

In 2022, the average tallow export price amounted to $X per ton, with an increase of 19% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tallow export price increased by +89.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 33%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tallow Imports

Imports into Austria

In 2022, purchases abroad of tallow decreased by -7.1% to X tons, falling for the second year in a row after six years of growth. In general, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 110% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, tallow imports surged to $X in 2022. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 74%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of tallow to Austria, accounting for a 62% share of total imports. Moreover, tallow imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+163.0% per year) and Italy (+3.2% per year).

In value terms, Germany ($X) constituted the largest supplier of tallow to Austria, comprising 52% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total imports. It was followed by Hungary, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+70.9% per year) and Hungary (+191.0% per year).

Import Prices by Country

The average tallow import price stood at $X per ton in 2022, increasing by 35% against the previous year. In general, the import price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of 77%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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