What is the price of tallow fat per kilogram/pound in Australia today?
The retail price range for Australia tallow fat is between US$ 4.94 and US$ 9.87 per kilogram or between US$ 2.24 and US$ 4.48 per pound(lb). Click here to see today's exact prices of tallow fat in Australia
The retail price range in Australian Dollar for tallow fat is between AUD 7.43 and AUD 14.85 per kilogram or between AUD 3.37 and AUD 6.73 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia tallow fat is between US$ 3.46 and US$ 6.91 per kilogram or between US$ 1.57 and US$ 3.13 per pound(lb).
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Australia Tallow Fat Export Prices - Historical, Trends and Prediction
The export price per kilogram of Tallow Fat from Australia has seen a steady decline over the last five years. In 2017, the price was 0.66 US$ per kg, followed by 0.57 US$ per kg in 2018 and 0.58 US$ per kg in 2019. In 2020, the price increased to 0.72 US$ per kg, before rising to 1.23 US$ per kg in 2021 and 1.53 US$ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Tallow Fat from Australia will be 1.73 US$ per kg in 2023 and 2.03 US$ per kg in 2024.The exports of tallow fat from Australia are categorised as:
- Fats of bovine animals, sheep or goats (excluding lard stearin, lard oil, oleostearin, oleooil and tallow oil, not emulsified or mixed or otherwise prepared) (HS code 150200)
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
- Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)
Australia Tallow Fat Import Prices - Historical, Trends and Prediction
The import price per kilogram of Tallow Fat into Australia over the last five years has been relatively stable. In 2017, the price was 0.66 US$ per kg, followed by 0.57 US$ per kg in 2018. In 2019, the price increased slightly to 0.58 US$ per kg, before rising to 0.72 US$ per kg in 2020. The price then saw a significant increase in 2021, reaching 1.23 US$ per kg, before peaking at 1.53 US$ per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Tallow Fat into Australia will remain around 1.50 US$ per kg in 2023 and 2024.Export values for Australia tallow fat
The total values in export for tallow fat in Australia were US$ 301,280, US$ 289,575, US$ 265,480 and US$ 239,372 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in Australia: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of tallow fat in other countries across Oceania: Fiji tallow fat, French Polynesia tallow fat, Guam tallow fat, Micronesia tallow fat, New Caledonia tallow fat, Papua New Guinea tallow fat, Samoa tallow fat, Solomon Islands tallow fat, Tonga tallow fat & Vanuatu tallow fat.
Australia tallow fat - Production, Exports, Imports, Seasons and HS Codes
The quantity of tallow fat shipped by Australia in 2020 was 418,599 metric tons. In 2019 Australia sold 416,124 tonnes of tallow fat. For the year 2019 alone, the interest in Australia tallow fat (meat category) has gone down, recording a change of -9.884 percent compared to the year 2018. Between 2017 and 2019, tallow fat's exports went down by -5.16 percent netting the country US$239.37m for the year 2019. Australia's tallow fat exports are classified as:
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
- Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)
- Fats of bovine animals, sheep or goats (excluding lard stearin, lard oil, oleostearin, oleooil and tallow oil, not emulsified or mixed or otherwise prepared) (HS code 150200)
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Australia tallow fat export values
In 2019, Australia sold tallow fat valued at 239.37m USD, a drop of -9.84% from 2018's total tallow fat export of 265.48m USD. The annual change in value of Australia tallow fat between 2017 to 2018 was -8.321 pc.
The annual change in the volume of Australia's tallow fat exports between 2017 and 2019 was -5.16 pc when compared to a variation of -9.884% in the growth rate between 2018 and 2019.
Australia's portion of the world's total tallow fat's exports in 2019 was 2 pc. Australia is ranked number 9 in world exports of tallow fat.
Export markets for Australia tallow fat ( in '000$ )
Australia's best performing destinations for tallow fat are New Zealand, China, Madagascar, Canada and Switzerland.
Australia ordered 2 tonnes of tallow fat in 2019.