Chile: Tallow Market 2025

Tallow Market Size in Chile

The Chilean tallow market expanded slightly to $X in 2022, picking up by 4.7% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +70.2% against 2019 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Tallow Production in Chile

In value terms, tallow production stood at $X in 2022 estimated in export price. In general, production, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 54%. Tallow production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Tallow Exports

Exports from Chile

In 2022, overseas shipments of tallow decreased by -98.8% to X tons, falling for the third year in a row after three years of growth. In general, exports recorded a sharp setback. The pace of growth was the most pronounced in 2019 when exports increased by 1,150%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tallow exports contracted remarkably to $X in 2022. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 945%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for tallow exports from Chile, with a 78% share of total exports. Moreover, tallow exports to China exceeded the volume sent to the second major destination, Israel (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to China stood at +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+14.5% per year) and Hong Kong SAR (-6.2% per year).

In value terms, China ($X) emerged as the key foreign market for tallow exports from Chile, comprising 71% of total exports. The second position in the ranking was held by Israel ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +53.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+16.6% per year) and Hong Kong SAR (-4.8% per year).

Export Prices by Country

The average tallow export price stood at $X per ton in 2022, increasing by 625% against the previous year. In general, the export price showed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Hong Kong SAR ($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 China (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tallow Imports

Imports into Chile

In 2022, approx. X tons of tallow were imported into Chile; which is down by -44% compared with 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 108%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, tallow imports shrank sharply to $X in 2022. Overall, imports, however, continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2017 with an increase of 100% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of tallow to Chile, accounting for a 70% share of total imports. Moreover, tallow imports from Argentina exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina stood at -1.9%.

In value terms, Argentina ($X) constituted the largest supplier of tallow to Chile, comprising 67% of total imports. The second position in the ranking was held by Paraguay ($X), with a 33% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Argentina totaled -1.1%.

Import Prices by Country

The average tallow import price stood at $X per ton in 2022, with an increase of 31% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tallow import price increased by +93.5% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($X per ton), while the price for Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+3.3%).

Source: IndexBox Platform

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