What is the price of tallow fat per kilogram/pound in China today?
The retail price range for China tallow fat is between US$ 0.59 and US$ 0.79 per kilogram or between US$ 0.27 and US$ 0.36 per pound(lb). Click here to see today's exact prices of tallow fat in China
The retail price range in Yuan Renminbi for tallow fat is between CNY 4.15 and CNY 5.53 per kilogram or between CNY 1.88 and CNY 2.51 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China tallow fat is between US$ 0.41 and US$ 0.55 per kilogram or between US$ 0.19 and US$ 0.25 per pound(lb).
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China Tallow Fat Export Prices - Historical, Trends and Prediction
The export price of Tallow Fat from China has seen a steady decline over the last five years. In 2017, the export price per kilogram was $1.49, and in 2021 it was $2.72. The most recent data shows that the export price per kilogram in 2022 was $2.65. This indicates that the export price has decreased by 8.7% over the last five years. Based on this trend, it is predicted that the export price per kilogram in 2023 will be $2.45 and in 2024 will be $2.26.The tallow fat exports from China 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)
China Tallow Fat Import Prices - Historical, Trends and Prediction
The import price per kilogram of Tallow Fat into China over the last five years has been relatively stable. In 2017, the price was $1.49, followed by $1.50 in 2018, $1.52 in 2019, $1.99 in 2020 and $2.72 in 2021. The highest price was recorded in 2021, with a $1.23 increase from the previous year. This could be attributed to the increasing demand for Tallow Fat in China. Looking ahead, we can expect the import price per kilogram of Tallow Fat into China to remain relatively stable, with a predicted price of $2.65 in 2022 and $2.68 in 2023.Export values for China tallow fat
The total values in export for tallow fat in China were US$ 927, US$ 1,381, US$ 1,759 and US$ 2,127 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in China: 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 Asia: Kazakhstan tallow fat, Kyrgyzstan tallow fat, Tajikistan tallow fat, Turkmenistan tallow fat, Uzbekistan tallow fat, China tallow fat, Hong Kong tallow fat, Macao tallow fat, North Korea tallow fat & Mongolia tallow fat.
China tallow fat - Production, Exports, Imports, Seasons and HS Codes
In 2019 China sold 1,403 tonnes of tallow fat. Across 2019 alone, the demand for China tallow fat (meat category) has escalated, flactuating by 19.506 % compared to the year 2018. Between 2017 and 2019, tallow fat's exports went up by 51.35% earning the nation US$2.13m for the year 2019. China's tallow fat exports are categorised as:
- Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
- Fats of bovine animals, sheep or goats (excluding lard stearin, lard oil, oleostearin, oleooil and tallow oil, not emulsified or mixed or otherwise prepared) (HS code 150200)
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China tallow fat export values
In 2019, China exported tallow fat valued at 2.13m USD, an increment of 21.09% from 2018's total tallow fat export of 1.759m USD. The annual increase in value of China tallow fat between 2017 to 2018 was 27.371 percent.
The annual change in the quantity of China's tallow fat exports between 2017 and 2019 was 51.35 pc in comparison to a variation of 19.506% in the period between 2018 and 2019.
China's portion of the world's total tallow fat's exports in 2019 was less than 1%. China is ranked number 41 in world exports of tallow fat.
Export markets for China tallow fat ( in '000$ )
China's top export markets for tallow fat are Japan, United Arab Emirates (UAE), Jordan, Kuwait and Azerbaijan.
Import/Export Trends
China is a net importer of tallow fat. The annual growth of China tallow fat in value between 2015 to 2019 was -9%, per year, while annual growth in quantity through the same period was -25%, per annum.
China brought in 121,216 tonnes of tallow fat in 2019.