Report Update Nov 1, 2024

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

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Japan: Tallow Market 2024

Tallow Market Size in Japan

The Japanese tallow market fell markedly to $X in 2022, which is down by -62.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a dramatic setback. The most prominent rate of growth was recorded in 2018 with a decrease of -5.8% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tallow Exports

Exports from Japan

In 2022, after two years of growth, there was significant decline in shipments abroad of tallow, when their volume decreased by -93% to X tons. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 4,372%. As a result, the exports reached the peak of X tons, and then reduced remarkably in the following year.

In value terms, tallow exports shrank significantly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 2,246% against the previous year. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

Singapore (X tons), Hong Kong SAR (X tons) and Tajikistan (X tons) were the main destinations of tallow exports from Japan, together accounting for 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +41.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tallow exported from Japan were Singapore ($X), Hong Kong SAR ($X) and Tajikistan ($X), with a combined 85% share of total exports.

Hong Kong SAR, with a CAGR of +25.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tallow export price stood at $X per ton in 2022, jumping by 30% against the previous year. Over the period under review, the export price, however, faced a abrupt decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Cambodia ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($X per ton) and Tajikistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.9%), while the prices for the other major destinations experienced a decline.

Tallow Imports

Imports into Japan

In 2022, tallow imports into Japan declined markedly to X tons, waning by -78.1% against the previous year. In general, imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2018 with an increase of 3.3%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tallow imports declined rapidly to $X in 2022. Over the period under review, imports faced a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 8.9% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) constituted the largest tallow supplier to Japan, with a 89% share of total imports. Moreover, tallow imports from Canada exceeded the figures recorded by the second-largest supplier, Australia (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled -29.4%.

In value terms, Canada ($X) constituted the largest supplier of tallow to Japan, comprising 85% of total imports. The second position in the ranking was held by Australia ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at -26.6%.

Import Prices by Country

The average tallow import price stood at $X per ton in 2022, jumping by 45% against the previous year. In general, the import price posted a perceptible increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tallow in the world?

The country with the largest volume of tallow consumption was the United States, 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. The third position in this ranking was occupied by Australia, with a 7.4% share.

What are the leading suppliers of tallow to Japan?

In value terms, Canada constituted the largest supplier of tallow to Japan, comprising 73% of total imports. The second position in the ranking was occupied by South Korea, with a 19% share of total imports.

What are the leading importers of tallow from Japan?

In value terms, Singapore emerged as the key foreign market for tallow exports from Japan, comprising 87% of total exports. The second position in the ranking was occupied by Malaysia, with a 9.1% share of total exports.

What is the average export price for tallow in Japan?

The average tallow export price stood at $2,826 per ton in 2021, increasing by 56% against the previous year.

What is the average import price for tallow in Japan?

In 2021, the average tallow import price amounted to $610 per ton, with a decrease of -28% against the previous year.

This report provides an in-depth analysis of the tallow market in Japan. 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:

Japan

Data coverage:

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