Report Update Nov 1, 2024

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

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Thailand: Tallow Market 2024

Tallow Market Size in Thailand

The Thai tallow market expanded remarkably to $X in 2022, growing by 7.2% against the previous year. Overall, consumption, however, showed buoyant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Tallow Production in Thailand

In value terms, tallow production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a dramatic decrease. The pace of growth appeared the most rapid in 2013 when the production volume decreased by 99.9% against the previous year. Tallow production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tallow Exports

Exports from Thailand

For the third year in a row, Thailand recorded growth in shipments abroad of tallow, which increased by 265% to X tons in 2022. Overall, exports, however, showed a deep contraction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tallow exports surged to $X in 2022. In general, exports, however, saw a abrupt descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mozambique (X tons) was the main destination for tallow exports from Thailand, accounting for a 100% share of total exports. It was followed by Lao People's Democratic Republic (X kg), with a 0.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mozambique was relatively modest.

In value terms, Mozambique ($X) emerged as the key foreign market for tallow exports from Thailand, comprising 99% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Mozambique was relatively modest.

Export Prices by Country

In 2022, the average tallow export price amounted to $X per ton, with an increase of 124% against the previous year. Overall, the export price posted a resilient expansion. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Mozambique stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Tallow Imports

Imports into Thailand

In 2022, the amount of tallow imported into Thailand declined to X tons, falling by -14.2% on 2021. Overall, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 163% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tallow imports surged to $X in 2022. Over the period under review, imports, however, posted a moderate expansion. The pace of growth was the most pronounced in 2019 when imports increased by 94% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Australia (X tons) was the main tallow supplier to Thailand, with a 94% share of total imports. Moreover, tallow imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at +2.7%.

In value terms, Australia ($X) constituted the largest supplier of tallow to Thailand, comprising 95% of total imports. The second position in the ranking was held by New Zealand ($X), with a 4.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled +7.8%.

Import Prices by Country

In 2022, the average tallow import price amounted to $X per ton, jumping by 74% against the previous year. Overall, the import price continues to indicate a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably 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 New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.0%), 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. 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 Thailand?

In value terms, Australia constituted the largest supplier of tallow to Thailand, comprising 88% of total imports. The second position in the ranking was occupied by New Zealand, with an 11% share of total imports.

What is the average export price for tallow in Thailand?

In 2021, the average tallow export price amounted to $1,319 per ton, declining by -3.6% against the previous year.

What is the average import price for tallow in Thailand?

The average tallow import price stood at $1,220 per ton in 2021, surging by 38% against the previous year.

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

Thailand

Data coverage:

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