Tallow Market in the United States
Market Overview
For the third year in a row, the U.S. tallow market recorded growth in sales value, which increased by 
% to $ in . Over the period under review, the total consumption indicated a moderate increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market failed to regain momentum.
In value terms, tallow production dropped slightly to $ in . Overall, the total production indicated a slight increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2018 indices. The growth pace was the most rapid in 2011 when the production volume increased by %. As a result, production reached the peak level of $. From 2012 to , production growth failed to regain momentum.
% to $ in . Over the period under review, the total consumption indicated a moderate increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market failed to regain momentum.In value terms, tallow production dropped slightly to $
in . Overall, the total production indicated a slight increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2018 indices. The growth pace was the most rapid in 2011 when the production volume increased by %. As a result, production reached the peak level of $. From 2012 to , production growth failed to regain momentum.Consumption
For the third year in a row, the United States recorded growth in consumption of tallow, which increased by % to tons in . The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Tallow consumption peaked in and is likely to see gradual growth in the near future.
The revenue of the tallow market in the United States rose modestly to $ in , surging 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, the total consumption indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market failed to regain momentum.
% to tons in . The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Tallow consumption peaked in and is likely to see gradual growth in the near future.The revenue of the tallow market in the United States rose modestly to $
in , surging 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, the total consumption indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market failed to regain momentum.Market Forecast
Driven by increasing demand for tallow in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .Market Structure
Over the period under review, imports of tallow in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for tallow.
Trade Balance
The United States remains a net importer of tallow; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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