Report Update Nov 1, 2024

Indonesia - Tallow - Market Analysis, Forecast, Size, Trends and Insights

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Indonesia: Tallow Market 2024

Tallow Market Size in Indonesia

In 2022, after four years of growth, there was significant decline in the Indonesian tallow market, when its value decreased by -35% to $X. Overall, consumption, however, continues to indicate a significant expansion. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Tallow Production in Indonesia

In value terms, tallow production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 235,888,100%. Tallow production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Tallow Exports

Exports from Indonesia

In 2022, overseas shipments of tallow were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 5,189%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, tallow exports dropped to $X in 2022. Overall, exports recorded a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 15,214% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Cabo Verde (X tons) and Zambia (X tons) were the main destinations of tallow exports from Indonesia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zambia (with a CAGR of +10.6%).

In value terms, the largest markets for tallow exported from Indonesia were Cabo Verde ($X) and Zambia ($X).

Zambia, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average tallow export price amounted to $X per ton, dropping by -15.4% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 190%. The export price peaked at $X per ton in 2021, and then shrank markedly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Cabo Verde amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+1.3%), while the prices for the other major destinations experienced a decline.

Tallow Imports

Imports into Indonesia

In 2022, purchases abroad of tallow decreased by -19.1% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 713% against the previous year. Imports peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, tallow imports declined markedly to $X in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 542%. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of tallow to Indonesia, accounting for a 63% share of total imports. Moreover, tallow imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+35.8% per year) and Germany (+26.5% per year).

In value terms, Australia ($X) constituted the largest supplier of tallow to Indonesia, comprising 68% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia stood at +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+35.2% per year) and Germany (+25.4% per year).

Import Prices by Country

The average tallow import price stood at $X per ton in 2022, falling by -16.3% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +46.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 75%. As a result, import price attained the peak level of $X per ton, and then contracted rapidly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tallow in the world?

The United States remains the largest tallow consuming country worldwide, comprising approx. 50% of total volume. Moreover, tallow consumption in the United States exceeded the figures recorded by the second-largest consumer, Brazil, fivefold. Singapore ranked third in terms of total consumption with a 7.1% share.

What are the largest producers of tallow in the world?

The United States remains the largest tallow producing country worldwide, comprising approx. 51% of total volume. Moreover, tallow production in the United States exceeded the figures recorded by the second-largest producer, Brazil, fivefold. Australia ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of tallow to Indonesia?

In value terms, Australia constituted the largest supplier of tallow to Indonesia, comprising 87% of total imports. The second position in the ranking was occupied by New Zealand, with a 12% share of total imports.

What are the leading importers of tallow from Indonesia?

In value terms, the largest markets for tallow exported from Indonesia were Cabo Verde and Zambia.

What is the average export price for tallow in Indonesia?

In 2021, the average tallow export price amounted to $442 per ton, falling by -47.2% against the previous year.

What is the average import price for tallow in Indonesia?

The average tallow import price stood at $1,141 per ton in 2021, growing by 21% against the previous year.

This report provides an in-depth analysis of the tallow market in Indonesia. 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 2030.

Product coverage:

FCL 1225 - Tallow

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023