Germany: Tallow Market 2024

Tallow Market Size in Germany

In 2022, the German tallow market increased by 104% to $X, rising for the second year in a row after four years of decline. In general, consumption recorded a buoyant increase. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Tallow Production in Germany

In value terms, tallow production expanded markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 69%. Tallow production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tallow Exports

Exports from Germany

After seven years of growth, shipments abroad of tallow decreased by -15.3% to X tons in 2022. In general, total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by 25%. The exports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, tallow exports soared to $X in 2022. Over the period under review, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and Poland (X tons) were the main destinations of tallow exports from Germany, with a combined 78% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +25.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for tallow exports from Germany, comprising 49% of total exports. The second position in the ranking was taken by Belgium ($X), with a 24% share of total exports. It was followed by Poland, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+14.6% per year) and Poland (+27.8% per year).

Export Prices by Country

The average tallow export price stood at $X per ton in 2022, increasing by 41% against the previous year. In general, the export price continues to indicate a temperate expansion. 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 Switzerland ($X per ton), while the average price for exports to Austria ($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 the Netherlands (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tallow Imports

Imports into Germany

For the third year in a row, Germany recorded decline in purchases abroad of tallow, which decreased by -5.3% to X tons in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.6% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by 34%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, tallow imports soared to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Sweden (X tons) were the main suppliers of tallow imports to Germany, together accounting for 74% of total imports. Poland, Denmark, Austria, France, Italy and Lithuania lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +122.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of tallow to Germany, comprising 46% of total imports. The second position in the ranking was held by Belgium ($X), with an 11% share of total imports. It was followed by Poland, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+10.7% per year) and Poland (+19.7% per year).

Import Prices by Country

In 2022, the average tallow import price amounted to $X per ton, increasing by 34% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +90.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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 Lithuania ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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