United Arab Emirates - Tallow - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

United Arab Emirates - Tallow - Market Analysis, Forecast, Size, Trends and Insights

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Tallow Price in the United Arab Emirates - 2021

Contents:

  1. Tallow Price in the United Arab Emirates (CIF) - 2022
  2. Tallow Price in the United Arab Emirates (FOB) - 2022
  3. Tallow Imports in the United Arab Emirates
  4. Tallow Exports in the United Arab Emirates

Tallow Price in the United Arab Emirates (CIF) - 2022

The average tallow import price stood at $1,242 per ton in 2022, declining by -21.2% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tallow import price increased by +20.8% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 47%. The import price peaked at $1,576 per ton in 2021, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,020 per ton), while the price for Oman ($316 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Tallow Price in the United Arab Emirates (FOB) - 2022

The average tallow export price stood at $1,087 per ton in 2022, declining by -22.2% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 181% against the previous year. As a result, the export price reached the peak level of $1,863 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($4,937 per ton), while the average price for exports to Iran ($225 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 Oman (+22.1%), while the prices for the other major destinations experienced mixed trend patterns.

Tallow Imports in the United Arab Emirates

In 2022, overseas purchases of tallow increased by 26% to 995 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt decrease.

In value terms, tallow imports contracted modestly to $1.2M in 2022. Overall, imports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of 1.4% against the previous year.

Import of Tallow in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India99.266.010629243.3%
Iran12946.937329031.0%
Brazil89.318013128447.1%
China11919539.597.3-6.5%
Kuwait32926540.561.3-42.9%
Paraguay79.360.749.238.3-21.5%
Oman17.448.521.316.6-1.6%
Uruguay58.035.116.514.8-36.6%
Sudan173N/AN/AN/A0%
Saudi ArabiaN/AN/A341N/A0%
Others242330125140-16.7%
Total1,3361,2271,2441,235-2.6%

Top Suppliers of Tallow to the United Arab Emirates in 2022:

  1. Iran (437.5 tons)
  2. India (161.7 tons)
  3. Brazil (150.4 tons)
  4. Kuwait (72.0 tons)
  5. Oman (52.6 tons)
  6. China (48.2 tons)
  7. Paraguay (23.8 tons)
  8. Uruguay (11.6 tons)

Tallow Exports in the United Arab Emirates

In 2022, tallow exports from the United Arab Emirates surged to 121 tons, jumping by 64% against the previous year's figure. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 311%. As a result, the exports reached the peak of 156 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tallow exports skyrocketed to $131K in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 308% against the previous year. As a result, the exports reached the peak of $159K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Tallow in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Oman15.147.442.793.883.8%
Iran3.826.96.213.552.6%
Kuwait10.222.10.111.02.5%
IraqN/A58.91.010.5-57.8%
Sri Lanka7.9N/AN/AN/A0%
QatarN/AN/A40.0N/A0%
BahrainN/AN/A12.0N/A0%
Others2.14.11.12.44.6%
Total39.115910313149.6%

Top Export Markets for Tallow from the United Arab Emirates in 2022:

  1. Iran (60.0 tons)
  2. Iraq (19.7 tons)
  3. Kuwait (19.6 tons)
  4. Oman (19.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tallow market in the United Arab Emirates. 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:

  • United Arab Emirates

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the United Arab Emirates
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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