Tallow Market Overview in the United Kingdom
In value terms, tallow production fell to $ in 2019 estimated in export prices. In general, production continues to indicate a slight setback. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. As a result, production attained the peak level of $. From 2012 to 2019, production growth remained at a lower figure.
The value of the tallow market in the UK reduced dramatically to $ in 2019, which is down 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, consumption recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2014 to 2019, the growth of the market remained at a somewhat lower figure.