Global Tallow Market Overview
In value terms, tallow production amounted to $ in 2018 estimated in export prices. In general, the total output indicated a slight increase from 2007 to 2018: its value decreased at an average annual rate of -% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tallow production increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. In that year, global tallow production attained its peak level of $. From 2012 to 2018, global tallow production growth failed to regain its momentum.
The U.S. ( tonnes) constituted the country with the largest volume of tallow production, comprising approx. % of total volume. Moreover, tallow production in the U.S. exceeded the figures recorded by the second-largest producer, Brazil ( tonnes), fivefold. The third position in this ranking was occupied by Australia ( tonnes), with a % share.
From 2007 to 2018, the average annual growth rate of volume in the U.S. stood at -%. The remaining producing countries recorded the following average annual rates of production growth: Brazil (+% per year) and Australia (+% per year).
The global tallow market revenue amounted to $ in 2018, lowering by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, tallow consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by % y-o-y. In that year, the global tallow market reached its peak level of $. From 2012 to 2018, the growth of the global tallow market remained at a lower figure.
In the U.S., tallow consumption remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: Brazil (+% per year) and Mexico (-% per year).
In value terms, the U.S. ($) led the market, alone. The second position in the ranking was occupied by Brazil ($). It was followed by China.
From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +%. In the other countries, the average annual rates were as follows: Brazil (+% per year) and China (-% per year).
In 2018, the highest levels of tallow per capita consumption was registered in Singapore ( kg per person), followed by Belgium ( kg per person), Australia ( kg per person) and the U.S. ( kg per person), while the world average per capita consumption of tallow was estimated at kg per person.
In Singapore, tallow per capita consumption increased at an average annual rate of +% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Belgium (+% per year) and Australia (+% per year).