CATEGORY
Tallow
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Tallow Market Monitoring Dashboard
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Tallow Industry Benchmarks
Savings Achieved
(in %)
The average annual savings achieved in Tallow category is 4.60%
Payment Terms
(in days)
The industry average payment terms in Tallow category for the current quarter is 75.0 days
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Tallow Suppliers

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Tallow market report transcript
Global Market Outlook on Tallow
Tallow constitutes to ~35.4 percent of the total fat production in the animal fat production and around 4.4 percent of the global production of fats and oils. The global tallow production has risen at a CAGR of ~3 percent over a five-year period. Demand has been driven by preference for tallow in the biodiesel industry
- Tallow utilized for biodiesel globally accounts for ~13 percent of the biodiesel feedstock, which amounts to ~2.58 MMT in 2019–2020 E
Global Tallow Trade Dynamics
Singapore is the largest tallow importer, it acts as a transshipment hub. In the recent years, the establishment of Neste Biodiesel plant has also boosted the tallow imports. The US, Australia, and New Zealand are the largest tallow exporters, consisting about 71 percent of the global exports.
The global tallow trade from 2012–2013 to 2019–2020 grew at a CAGR of 4.7 percent
- The US, Australia, and New Zealand are the largest exporters of tallow, while Singapore, China, and the EU are the largest importers
- Singapore acts as a transhipment hub for the Southeast Asian tallow consuming countries. With the establishment of the Neste Biodiesel plant, their tallow consumption has drastically increased
Trade Dynamics – Australia
Australia produces 5 percent of the global tallow and ranks as the fifth largest tallow producing nation, but, in terms of
Australia is a net exporter of Tallow. Singapore and China have been the top export destinations, while the export volume to Taipei has seen a decline of 12.6 percent
- Australia exports ~77 percent of its total tallow production to the world
- The export tariffs incurred by Australia are 0 percent (Singapore), 4.8 percent (China), 5 percent (Nigeria), and 10 percent (Pakistan)export, it is the second largest country, comprising of 24 percent of the global exports.