Product
Tallow Price Trend and Forecast
Tallow Price Trend and Forecast
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 First Half of 2023
Asia
Asian Tallow fat market observed mixed price trends 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.
Europe
Following the Asian market trends, 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.
About
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.
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.
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.
Methodology
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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