Tallow Price Trend and Forecast

Tallow Regional Price Overview

Get the latest insights on price movement and trend analysis of Tallow in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Tallow Price Trend for the Second Half of 2023


The Asian tallow market started on a lower note as the demands were feeble in the summer months. However, steadily, the market started picking up. Since the queries from the international markets also increased, the pricing outlook for the domestic Asian markets inclined. The price trend was able to maintain this trajectory in the fourth quarter as well; India was the biggest tallow exporter to the USA.

Tallow Price Chart

Tallow Price Trends

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The tallow market trends in the European region were relatively weaker than the global markets. In July the consumption was at record low levels. The inventories were already running high because of subdued downstream movement. However, soon after that, the rush in the global tallow markets started impacting the trade in the European region as well. As the fourth quarter arrived, the demands started surging, and because of limited supply, the upstream costs also picked up. Overall, a fluctuating price trend was observed.

North America

The tallow price trend was mostly mixed with a majorly positively inclined price graph during the said period of H2’23. Since the tallow is extracted from beef, the beef prices largely influence the prices for tallow. During the third quarter, the prices began on a high note despite a fall in inflation in the region, primarily because of supply constraints.

The inventories were repeatedly running out, and because of this high demand, the suppliers were making money. This inclining trajectory continued well into the fourth quarter as well; the market continued to grow. However, it was only in the latter months of the final quarter that the prices finally dipped after the supply and demand disparity started to reduce. The holiday season is also attributed to the decline in demand.

Analyst Insight

According to Procurement Resource, the market projections for Tallow look positive for the coming months since the supply chains are curtailed globally, the prices are expected to surge further.

Tallow Price Trend for the First Half of 2023

Product Category Region Price Time Period
Tallow Agriculture, Farming and Commodity Europe 1740 USD/MT (CIF) January 2023
Tallow Agriculture, Farming and Commodity Europe 1824 USD/MT (CIF) April 2023

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Asian Tallow fat market observed mixed price trend throughout the said period, as the market demands from downstream pharma, cosmetics, and aviation industries were high. The existing stocks were running low, so as the demand exceeded supply, prices rose steadily throughout the first quarter. But the second quarter observed reverse market behaviour as the tallow prices declined. The producers paced up the production, churning products at much faster rates leading to stockpiling of products in the market as the demand turned bearish.


Following the Asian market trend, Tallow prices in the European region rose steadily till the middle of the second quarter (April). Tallow prices averaged around 1740 USD/MT (CIF) in January in the German domestic market and rose to about 1824 USD/MT (CIF) in April 2023 with an inclination of about 4%. But as the market started getting saturated with excess supplies, prices were set on a declining trajectory from April onwards and regularly plummeted in the last two months of the second quarter.

North America

Tallow prices constantly fluctuated in the American market throughout the said time period. Prices rose regularly in the first quarter because of high demands and then declined during the initial months of Q2 owing to a momentary decline in demands. But the mid-Q2 again witnessed a surge in queries in the American market. As the market is primarily import-dependent for the product, supplies were delayed causing the prices to incline till the end of Q2.

Analyst Insight

According to the Procurement Resource, the prices are expected to continue similar fluctuating patterns given the erratic supply-demand dynamics.

Procurement Resource provides latest prices of Tallow. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Tallow

Tallow is the procured form of beef or mutton fat. It is made up of triglycerides. Tallow can be stored for longer periods, without the need of a refrigerator, keeping the fact in mind that it is stored in an airtight container so that its oxidation can be prevented. Tallow is characterised as tasteless and odourless.

Tallow Product Details

Report Features Details
Product Name Tallow
Synonyms 61789-97-7
Industrial Uses Soap, Food and Beverages, Emollient in Cosmetics, Animal Feed, Biodiesel, Aviation Fuel, Printing, Lubrication, Medicine
Supplier Database Cargill Inc, Wilmar International Ltd, Bunge Limited
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes 
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Tallow Production Processes

  • Production of Tallow via Rendering

In order to produce Tallow Fat, the process of rendering takes place. The tallow fat is rendered from mutton or beef. The mutton or beef are chopped into small pieces and the tallow fat is then rendered-off in a container at around 100°C temperature.  It takes around hour and a half for the whole process to complete.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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