Report Update Nov 1, 2024

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

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Slovakia: Tallow Market 2024

Tallow Market Size in Slovakia

The Slovak tallow market rose significantly to $X in 2022, growing by 12% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Tallow consumption peaked in 2022 and is likely to see steady growth in years to come.

Tallow Production in Slovakia

In value terms, tallow production fell to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 147%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Tallow Exports

Exports from Slovakia

In 2022, the amount of tallow exported from Slovakia declined to X tons, reducing by -10.1% compared with the year before. Over the period under review, exports showed a slight descent. The most prominent rate of growth was recorded in 2014 with an increase of 82% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, tallow exports amounted to $X in 2022. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 71%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for tallow exports from Slovakia, with a 82% share of total exports. Moreover, tallow exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland stood at +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+11.4% per year) and Hungary (-12.0% per year).

In value terms, Poland ($X) emerged as the key foreign market for tallow exports from Slovakia, comprising 63% of total exports. The second position in the ranking was held by Hungary ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Poland stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-9.3% per year) and the Czech Republic (+1.6% per year).

Export Prices by Country

In 2022, the average tallow export price amounted to $X per ton, picking up by 21% against the previous year. Overall, the export price, however, saw a abrupt contraction. The growth pace was the most rapid in 2018 an increase of 44% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Poland ($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 Hungary (+3.1%), while the prices for the other major destinations experienced a decline.

Tallow Imports

Imports into Slovakia

In 2022, purchases abroad of tallow decreased by -16.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a noticeable downturn. The growth pace was the most rapid in 2018 when imports increased by 41%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tallow imports surged to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Austria (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main suppliers of tallow imports to Slovakia, with a combined 89% share of total imports. Lithuania, Italy and Romania lagged somewhat behind, together comprising a further 6.8%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +1,097.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of tallow to Slovakia, comprising 46% of total imports. The second position in the ranking was held by Hungary ($X), with a 21% share of total imports. It was followed by the Czech Republic, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+2.6% per year) and the Czech Republic (+4.6% per year).

Import Prices by Country

The average tallow import price stood at $X per ton in 2022, jumping by 49% against the previous year. In general, the import price posted a notable expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.3%), 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 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 Slovakia?

In value terms, Austria constituted the largest supplier of tallow to Slovakia, comprising 57% of total imports. The second position in the ranking was occupied by Hungary, with a 20% share of total imports. It was followed by the Czech Republic, with a 12% share.

What are the leading importers of tallow from Slovakia?

In value terms, the largest markets for tallow exported from Slovakia were Hungary and Poland.

What is the average export price for tallow in Slovakia?

The average tallow export price stood at $360 per ton in 2021, falling by -10.9% against the previous year.

What is the average import price for tallow in Slovakia?

In 2021, the average tallow import price amounted to $425 per ton, increasing by 17% against the previous year.

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

Slovakia

Data coverage:

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