Report Update Nov 1, 2024

Russian Federation - Tallow - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Tallow Market 2024

Tallow Market Size in the Russian Federation

After four years of decline, the Russian tallow market increased by 2.3% to $X in 2022. Over the period under review, consumption, however, recorded a perceptible reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Tallow Production in the Russian Federation

In value terms, tallow production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Tallow Exports

Exports from the Russian Federation

In 2022, shipments abroad of tallow decreased by -0.6% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by 2,979%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, tallow exports contracted slightly to $X in 2022. In general, exports, however, recorded moderate growth. The pace of growth appeared the most rapid in 2019 when exports increased by 3,232% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons), China (X tons) and Uzbekistan (X tons) were the main destinations of tallow exports from Russia.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +89.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Kazakhstan ($X) and Uzbekistan ($X) constituted the largest markets for tallow exported from Russia worldwide.

In terms of the main countries of destination, China, with a CAGR of +120.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average tallow export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2014 when the average export price increased by 26%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Uzbekistan ($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 China (+16.5%), while the prices for the other major destinations experienced a decline.

Tallow Imports

Imports into the Russian Federation

In 2022, after two years of decline, there was significant growth in purchases abroad of tallow, when their volume increased by 9.7% to X tons. Over the period under review, imports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 88% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tallow imports declined to $X in 2022. In general, imports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 159% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Argentina (X tons), Uruguay (X tons) and Belarus (X tons) were the main suppliers of tallow imports to Russia, together comprising 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +39.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tallow suppliers to Russia were Argentina ($X), Uruguay ($X) and Belarus ($X), together comprising 85% of total imports.

Argentina, with a CAGR of +38.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tallow import price amounted to $X per ton, which is down by -21.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 64% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Uruguay ($X per ton) and Belarus ($X per ton), while the price for Paraguay ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+1.0%), 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, accounting for 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, 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 the Russian Federation?

In value terms, Belarus constituted the largest supplier of tallow to Russia, comprising 61% of total imports. The second position in the ranking was occupied by Paraguay, with an 18% share of total imports. It was followed by Argentina, with a 12% share.

What are the leading importers of tallow from the Russian Federation?

In value terms, China emerged as the key foreign market for tallow exports from Russia, comprising 63% of total exports. The second position in the ranking was occupied by Kazakhstan, with a 26% share of total exports. It was followed by Kyrgyzstan, with a 6.4% share.

What is the average export price for tallow in the Russian Federation?

The average tallow export price stood at $935 per ton in 2021, rising by 12% against the previous year.

What is the average import price for tallow in the Russian Federation?

The average tallow import price stood at $1,527 per ton in 2021, growing by 64% against the previous year.

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

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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