Report Update Nov 1, 2024

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

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Romania: Tallow Market 2024

Tallow Market Size in Romania

The Romanian tallow market reduced to $X in 2022, which is down by -2.8% against the previous year. Over the period under review, consumption, however, saw a significant expansion. Tallow consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Tallow Production in Romania

In value terms, tallow production fell to $X in 2022 estimated in export price. Overall, production, however, enjoyed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 309%. Tallow production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Tallow Exports

Exports from Romania

In 2022, the amount of tallow exported from Romania shrank dramatically to X tons, which is down by -17.3% on the year before. In general, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2014 with an increase of 162% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, tallow exports shrank remarkably to $X in 2022. Overall, exports, however, recorded pronounced growth. The growth pace was the most rapid in 2014 when exports increased by 123% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for tallow exports from Romania, accounting for a 65% share of total exports. Moreover, tallow exports to Greece exceeded the volume sent to the second major destination, Slovakia (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece totaled +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+1.8% per year) and Italy (-13.6% per year).

In value terms, Greece ($X) remains the key foreign market for tallow exports from Romania, comprising 60% of total exports. The second position in the ranking was taken by Hungary ($X), with a 9.5% share of total exports. It was followed by Cyprus, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece amounted to +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-13.1% per year) and Cyprus (+30.8% per year).

Export Prices by Country

The average tallow export price stood at $X per ton in 2022, reducing by -1.6% against the previous year. In general, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 62%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Slovakia ($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 Cyprus (+35.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tallow Imports

Imports into Romania

Tallow imports into Romania contracted modestly to X tons in 2022, stabilizing at 2021. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 132%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, tallow imports skyrocketed to $X in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 102%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest tallow supplier to Romania, with a 50% share of total imports. Moreover, tallow imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Switzerland (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+9.6% per year) and Switzerland (+77.9% per year).

In value terms, the largest tallow suppliers to Romania were Germany ($X), Switzerland ($X) and Poland ($X), together accounting for 90% of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of +111.4%, recorded the highest growth rate of 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 average tallow import price stood at $X per ton in 2022, picking up by 58% against the previous year. Over the period under review, the import price showed a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+18.9%), 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 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 country with the largest volume of tallow production was the United States, accounting for 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 Romania?

In value terms, the largest tallow suppliers to Romania were Poland, the Netherlands and Switzerland, with a combined 70% share of total imports.

What are the leading importers of tallow from Romania?

In value terms, Greece remains the key foreign market for tallow exports from Romania, comprising 33% of total exports. The second position in the ranking was occupied by Italy, with a 15% share of total exports. It was followed by Hungary, with a 15% share.

What is the average export price for tallow in Romania?

The average tallow export price stood at $666 per ton in 2021, increasing by 54% against the previous year.

What is the average import price for tallow in Romania?

In 2021, the average tallow import price amounted to $1,891 per ton, rising by 87% against the previous year.

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

Romania

Data coverage:

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