Vietnam - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTallow Price in Vietnam - 2022
Contents:
- Tallow Price in Vietnam (FOB) - 2022
- Tallow Price in Vietnam (CIF) - 2022
- Tallow Exports in Vietnam
- Tallow Imports in Vietnam
Tallow Price in Vietnam (FOB) - 2022
The average tallow export price stood at $1,090 per ton in 2022, declining by -14.9% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tallow export price increased by +52.0% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 63%. As a result, the export price attained the peak level of $1,281 per ton, and then reduced in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($1,155 per ton), while the average price for exports to China totaled $730 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Tallow Price in Vietnam (CIF) - 2022
In 2022, the average tallow import price amounted to $836 per ton, which is down by -3.7% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 50% against the previous year. Over the period under review, average import prices reached the maximum at $1,204 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 New Zealand ($1,103 per ton), while the price for Australia ($443 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+4.9%), while the prices for the other major suppliers experienced a decline.
Tallow Exports in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of tallow, when their volume decreased by -18.3% to 860 tons. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 58%. As a result, the exports attained the peak of 1.1K tons, and then reduced dramatically in the following year.
In value terms, tallow exports shrank significantly to $937K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 157% against the previous year. As a result, the exports attained the peak of $1.3M, and then reduced notably in the following year.
Export of Tallow in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 190 | 367 | 1,206 | 836 | 63.9% |
China | 138 | 159 | 143 | 99.1 | -10.5% |
Others | N/A | N/A | N/A | 2.5 | 0% |
Total | 328 | 526 | 1,349 | 937 | 41.9% |
Top Export Markets for Tallow from Vietnam in 2022:
- Malaysia (723.8 tons)
- China (135.8 tons)
Tallow Imports in Vietnam
After three years of growth, supplies from abroad of tallow decreased by -13.2% to 447 tons in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 146%.
In value terms, tallow imports dropped rapidly to $373K in 2022. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 96% against the previous year.
Import of Tallow in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Israel | N/A | N/A | N/A | 221 | 0% |
Russia | 27.4 | 12.6 | 28.4 | 75.0 | 39.9% |
New Zealand | 51.9 | 265 | 272 | 58.9 | 4.3% |
Australia | 0.1 | 11.9 | 4.8 | 15.8 | 440.6% |
Paraguay | 72.3 | N/A | N/A | N/A | 0% |
France | N/A | 9.9 | N/A | N/A | 0% |
Brazil | N/A | N/A | 140 | N/A | 0% |
Others | 1.6 | 0.4 | 2.1 | 2.8 | 20.5% |
Total | 153 | 300 | 447 | 373 | 34.6% |
Top Suppliers of Tallow to Vietnam in 2022:
- Israel (262.4 tons)
- Russia (94.9 tons)
- New Zealand (53.4 tons)
- Australia (35.7 tons)
This report provides an in-depth analysis of the tallow market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1225 - Tallow
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for tallow in the world and discover key statistics and data on tallow imports. Find out which countries are leading in tallow imports and the reasons behind their demand.
In 2016, the global tallow market stood at X tons in 2016. Overall, the market was stable from 2007 to 2016, with only soft variations over the period.
Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
Global tallow exports amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global tallow imports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
In 2015, the country with the largest volume of the tallow output was the United States (X thousand tons), accounting for X% of global production.
The tallow market volume followed an overall negative trend. A drop in 2008 was followed by stagnation at about X thousand tons, until the market fell again in 2012.
The pursuit of healthy nutrition is an acute trend in the American lifestyle. However, the concern about health hasn't reached the entire population yet, as fast food is still highly sought, demonstrated by the strong deman
The U.S. dominates in the global tallow trade. In 2014, the U.S. exported X thousand tons of tallow totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total tallow exports in
Explore the top import markets for tallow in the world and discover key statistics and data on tallow imports. Find out which countries are leading in tallow imports and the reasons behind their demand.