What is the price of tallow fat per kilogram/pound in Canada today?
The retail price range for Canada tallow fat is between US$ 8.38 and US$ 19.71 per kilogram or between US$ 3.80 and US$ 8.94 per pound(lb). Click here to see today's exact prices of tallow fat in Canada
The retail price range in Canadian Dollar for tallow fat is between CAD 11.31 and CAD 26.60 per kilogram or between CAD 5.13 and CAD 12.06 per pound(lb) in Ottawa and Montréal.
Wholesale prices
In 2024, the approximate wholesale price range for Canada tallow fat is between US$ 5.86 and US$ 13.79 per kilogram or between US$ 2.66 and US$ 6.26 per pound(lb).
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Canada Tallow Fat Export Prices - Historical, Trends and Prediction
The export price per kilogram of Tallow Fat from Canada has seen a steady decline over the past five years. In 2021, the price was 1.28 US dollars per kilogram, which dropped to 0.83 US dollars per kilogram in 2020. This downward trend continued in 2021, with the price reaching 0.71 US dollars per kilogram. However, the price has seen an increase in the last two years, reaching 0.83 US dollars per kilogram in 2021 and 1.71 US dollars per kilogram in 2022. Based on this trend, it is likely that the export price per kilogram of Tallow Fat from Canada will continue to increase in the next two years, reaching approximately 1.90 US dollars per kilogram in 2023 and 2.20 US dollars per kilogram in 2024.The Canada tallow fat exports are categorised as:
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
- 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)
- Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)
Canada Tallow Fat Import Prices - Historical, Trends and Prediction
The import price of Tallow Fat into Canada over the last five years has seen a steady decline. In 2012, the price per kilogram was 0.98 US dollars, dropping to 0.89 US dollars in 2013. This trend continued in 2014, when the price fell to 0.83 US dollars, and in 2015, when it dropped to 0.61 US dollars. In 2016, the price rose slightly to 0.66 US dollars, before increasing again in 2017 to 0.73 US dollars. The price remained steady in 2018 and 2019, at 0.71 US dollars and 0.78 US dollars respectively. In 2020, the price rose to 0.83 US dollars, before increasing significantly to 1.28 US dollars in 2021. The price then rose again in 2022 to 1.71 US dollars. Based on this trend, it is predicted that the price of Tallow Fat into Canada will continue to rise in 2023, to approximately 2.14 US dollars per kilogram, and in 2024, to approximately 2.57 US dollars per kilogram.Export values for Canada tallow fat
The total values in export for tallow fat in Canada were US$ 105,126, US$ 107,054, US$ 120,417 and US$ 153,095 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in Canada: 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 North America: Canada tallow fat, US tallow fat, Anguilla tallow fat, Antigua and Barbuda tallow fat, Bermuda tallow fat, Bonaire, Sint Eustatius and Saba tallow fat, St.Pierre and Miquelon tallow fat, United States Minor Outlying Islands tallow fat, Cayman Islands tallow fat & Greenland tallow fat.
Canada tallow fat - Production, Exports, Imports, Seasons and HS Codes
The volume of tallow fat shipped by Canada in 2020 was 216,992 tonnes. In 2019 Canada exported 196,817 tonnes of tallow fat. For the year 2019 alone, the market for Canada tallow fat (meat category) has increased, changing by 15.757 % compared to the year 2018. Between 2017 and 2019, tallow fat's exports grew by 34.82% bringing the country US$153.10m for the year 2019. Canada's tallow fat exports are classified as:
- Fats of bovine animals, sheep or goats (excluding lard stearin, lard oil, oleostearin, oleooil and tallow oil, not emulsified or mixed or otherwise prepared) (HS code 150200)
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
- Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)
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Canada tallow fat export values
In 2019, Canada supplied tallow fat valued at 153.10m USD, an increase of 27.14% from 2018's total tallow fat export of 120.417m USD. The yearly growth in value of Canada tallow fat between 2017 to 2018 was 12.482 percent.
The annual change in the quantity of Canada's tallow fat exports between 2017 and 2019 was 34.82 pc when compared to a variation of 15.757% in the growth rate between 2018 and 2019.
Canada's stake of the world's total tallow fat's exports in 2019 was less than 1%. Canada is ranked number 47 in world exports of tallow fat.
Export markets for Canada tallow fat ( in '000$ )
Canada's leading export markets for tallow fat are Japan, Singapore, South Korea, Mexico and the Dominican Republic.
Import/Export Trends
Canada is a net importer of tallow fat. The annual growth of Canada tallow fat in value between 2015 to 2019 was -20%, per year, while annual growth in quantity during the same period was -19%, per annum.
Canada imported 31,185 tonnes of tallow fat in 2019.