CIS: Tallow Market 2024

Tallow Market Size in CIS

The CIS tallow market shrank to $X in 2022, declining by X% against the previous year. Overall, consumption saw a noticeable descent. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Tallow Production in CIS

In value terms, tallow production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced reduction. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Tallow Exports

Exports in CIS

In 2022, tallow exports in the CIS reduced rapidly to X tons, declining by X% on 2021 figures. Over the period under review, exports continue to indicate a mild slump. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, tallow exports skyrocketed to $X in 2022. Overall, exports, however, showed tangible growth. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Belarus was the largest exporting country with an export of about X tons, which recorded X% of total exports. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by Azerbaijan (X%).

Exports from Belarus decreased at an average annual rate of X% from 2012 to 2022. At the same time, Azerbaijan (X%) and Russia (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Russia (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Belarus ($X) remains the largest tallow supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belarus amounted to X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

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

Tallow Imports

Imports in CIS

In 2022, imports of tallow in the CIS dropped to X tons, falling by X% against 2021. Overall, imports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tallow imports contracted sharply to $X in 2022. In general, imports showed a slight descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, recording X tons, which was near X% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), creating a X% share of total imports. The following importers - Azerbaijan (X tons) and Kyrgyzstan (X tons) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tallow imports into Russia stood at X%. At the same time, Azerbaijan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. While the share of Kazakhstan (X p.p.) and Azerbaijan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported tallow in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an X% share of total imports. It was followed by Azerbaijan, with a X% share.

In Russia, tallow imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Azerbaijan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :