Thailand: Tallow Market 2025

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) :