Italy: Tallow Market 2024

Tallow Market Size in Italy

The Italian tallow market fell sharply to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a sharp curtailment. Tallow consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tallow Production in Italy

In value terms, tallow production rose to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Tallow production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Tallow Exports

Exports from Italy

Tallow exports from Italy rose significantly to X tons in 2022, increasing by X% compared with 2021. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, tallow exports surged to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), Spain (X tons) and Austria (X tons) were the main destinations of tallow exports from Italy, together accounting for X% of total exports. Belgium, Germany, Greece, the Czech Republic and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Belgium ($X) were the largest markets for tallow exported from Italy worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tallow export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price posted perceptible growth. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tallow Imports

Imports into Italy

In 2022, supplies from abroad of tallow decreased by X% to X tons, falling for the fourth year in a row after four years of growth. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tallow imports reduced remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest tallow supplier to Italy, accounting for a X% share of total imports. Moreover, tallow imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, the largest tallow suppliers to Italy were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. Austria, Greece, Denmark, Switzerland, Spain, Romania and Poland lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Switzerland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tallow import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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