EU: Tallow Market 2024

Tallow Market Size in the EU

After two years of growth, the EU tallow market decreased by -5.4% to $X in 2022. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then declined in the following year.

Tallow Production in the EU

In value terms, tallow production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Tallow Exports

Exports in the EU

In 2022, overseas shipments of tallow increased by 12% to X tons for the first time since 2019, thus ending a two-year declining trend. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tallow exports soared to $X in 2022. Over the period under review, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, France (X tons), distantly followed by Germany (X tons), Ireland (X tons), the Netherlands (X tons), Italy (X tons) and Poland (X tons) were the key exporters of tallow, together creating 82% of total exports. Portugal (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal (with a CAGR of +13.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tallow supplying countries in the European Union were France ($X), Germany ($X) and Ireland ($X), together comprising 64% of total exports. The Netherlands, Italy, Poland and Portugal lagged somewhat behind, together comprising a further 23%.

Portugal, with a CAGR of +25.6%, 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 the European Union amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, the export price saw pronounced growth. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 France ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+10.2%), while the other leaders experienced more modest paces of growth.

Tallow Imports

Imports in the EU

In 2022, the amount of tallow imported in the European Union reduced sharply to X tons, declining by -15.2% compared with 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 9.1%. As a result, imports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, tallow imports rose rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2021 with an increase of 63%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) represented roughly 53% of total imports in 2022. Spain (X tons) took the next position in the ranking, followed by Germany (X tons) and Italy (X tons). All these countries together held approx. 24% share of total imports. Poland (X tons), Austria (X tons), Sweden (X tons), France (X tons), Ireland (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +22.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tallow importing markets in the European Union were Belgium ($X), the Netherlands ($X) and Spain ($X), with a combined 67% share of total imports. Germany, Poland, Italy, Sweden, France, Ireland, Austria and Slovakia lagged somewhat behind, together accounting for a further 26%.

Among the main importing countries, Poland, with a CAGR of +31.8%, 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

The import price in the European Union stood at $X per ton in 2022, surging by 27% against the previous year. Overall, the import price showed pronounced growth. The growth pace was the most rapid in 2021 when the import price increased by 49% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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