Tallow Market Overview in Chile
In value terms, tallow production reduced modestly to $ in 2019 estimated in export prices. In general, production showed a noticeable decrease. The growth pace was the most rapid in 2014 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2015; however, from 2016 to 2019, production failed to regain the momentum.
The size of the tallow market in Chile rose modestly to $ in 2019, growing 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). Over the period under review, consumption saw a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. Tallow consumption peaked at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.