Report Update Nov 1, 2024

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

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Myanmar: Tallow Market 2024

Tallow Market Size in Myanmar

The Myanmar's tallow market rose sharply to $X in 2022, increasing by 13% against the previous year. Over the period under review, consumption, however, continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Tallow Production in Myanmar

In value terms, tallow production stood at $X in 2022 estimated in export price. Overall, production, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 3.4% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Tallow Exports

Exports from Myanmar

In 2022, approx. X tons of tallow were exported from Myanmar; with a decrease of -88.7% against the previous year. Overall, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 253%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tallow exports shrank remarkably to $X in 2022. In general, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 460%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for tallow exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -22.0%.

In value terms, China ($X) also remains the key foreign market for tallow exports from Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -26.4%.

Export Prices by Country

In 2022, the average tallow export price amounted to $X per ton, increasing by 21% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of 59%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -5.7% per year.

Tallow Imports

Imports into Myanmar

In 2020, purchases abroad of tallow decreased by 0% to X kg for the first time since 2013, thus ending a six-year declining trend. In general, imports showed a dramatic downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 4,416%. As a result, imports reached the peak of X tons. From 2014 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, tallow imports amounted to $X in 2020. Overall, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 4,376% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2020, the growth of imports failed to regain momentum.

Imports by Country

Sweden (X kg) and Japan (X kg) were the main suppliers of tallow imports to Myanmar.

From 2012 to 2020, the biggest increases were recorded for Sweden (with a CAGR of +140.1%).

In value terms, Japan ($X) constituted the largest supplier of tallow to Myanmar, comprising 88% of total imports. The second position in the ranking was held by Sweden ($X), with a 6.3% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from Japan totaled +55.8%.

Import Prices by Country

The average tallow import price stood at $X per ton in 2020, remaining constant against the previous year. Overall, the import price saw a significant expansion. The pace of growth appeared the most rapid in 2016 an increase of 107%. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Sweden stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Sweden (+90.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tallow in the world?

The United States constituted the country with the largest volume of tallow consumption, accounting for 50% of total volume. Moreover, tallow consumption in the United States exceeded the figures recorded by the second-largest consumer, Brazil, fivefold. The third position in this ranking was occupied by Singapore, 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, accounting for 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 Myanmar?

In value terms, Japan constituted the largest supplier of tallow to Myanmar, comprising 93% of total imports. The second position in the ranking was occupied by Sweden, with a 6.7% share of total imports.

What are the leading importers of tallow from Myanmar?

In value terms, China remains the key foreign market for tallow exports from Myanmar.

What is the average export price for tallow in Myanmar?

The average tallow export price stood at $173 per ton in 2016, approximately reflecting the previous year.

What is the average import price for tallow in Myanmar?

The average tallow import price stood at $402 per ton in 2020, remaining stable against the previous year.

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

Myanmar

Data coverage:

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