What is the price of tallow fat per kilogram/pound in New Zealand today?
The retail price range for New Zealand tallow fat is between US$ 8.92 and US$ 17.24 per kilogram or between US$ 4.04 and US$ 7.82 per pound(lb). Click here to see today's exact prices of tallow fat in New Zealand
The retail price range in New Zealand Dollar for tallow fat is between NZD 14.19 and NZD 27.42 per kilogram or between NZD 6.43 and NZD 12.44 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand tallow fat is between US$ 6.24 and US$ 12.07 per kilogram or between US$ 2.83 and US$ 5.47 per pound(lb).
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New Zealand Tallow Fat Export Prices - Historical, Trends and Prediction
The export price per kilogram of Tallow Fat from New Zealand has seen a steady decline over the last five years. In 2011, the price was 1.36 US dollars per kg, dropping to 0.94 US dollars per kg in 2012. This trend continued until 2015, when the price reached its lowest point of 0.56 US dollars per kg. Since then, the price has seen a slight increase, reaching 0.7 US dollars per kg in 2020. The latest data shows that the price has risen to 1.51 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Tallow Fat from New Zealand will be 1.68 US dollars per kg in 2023 and 1.85 US dollars per kg in 2024.The New Zealand tallow fat exports are categorised as:
- 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)
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
New Zealand Tallow Fat Import Prices - Historical, Trends and Prediction
The import price per kilogram of Tallow Fat into New Zealand has seen a steady decline over the last five years. In 2012, the price was 0.94 US dollars per kg, and by 2016, it had dropped to 0.55 US dollars per kg. In 2017, the price increased slightly to 0.71 US dollars per kg, before dropping again to 0.58 US dollars per kg in 2018 and 2019. In 2020, the price rose to 0.7 US dollars per kg, and in 2021, it increased further to 1.13 US dollars per kg. The most recent data shows that the import price per kilogram of Tallow Fat into New Zealand was 1.51 US dollars in 2022. Based on this trend, it is likely that the import price per kilogram of Tallow Fat into New Zealand will be around 1.70 US dollars in 2023 and 1.90 US dollars in 2024.Export values for New Zealand tallow fat
The total values in export for tallow fat in New Zealand were US$ 92,150, US$ 91,823, US$ 89,198 and US$ 69,988 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in New Zealand: 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.
New Zealand tallow fat - Production, Exports, Imports, Seasons and HS Codes
The volume of tallow fat sold by New Zealand in 2020 was 118,068 tons. In 2019 New Zealand sold 120,662 tonnes of tallow fat. In 2019 alone, the demand for New Zealand tallow fat (meat category) has gone down, recording a change of -21.001 % compared to the year 2018. Between 2017 and 2019, tallow fat's exports reduced by -6.51 percent netting New Zealand US$69.99m for the year 2019. New Zealand's tallow fat exports are classified as:
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
- Fats of bovine animals, sheep or goats (excluding lard stearin, lard oil, oleostearin, oleooil and tallow oil, not emulsified or mixed or otherwise prepared) (HS code 150200)
- Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)
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New Zealand tallow fat export values
In 2019, New Zealand supplied tallow fat with a value of 69.99m USD, a drop of -21.53% from 2018's total tallow fat export of 89.198m USD. The annual change in value of New Zealand tallow fat between 2017 to 2018 was -2.859%.
The per year change in the amount of New Zealand's tallow fat exports between 2017 and 2019 was -6.51 pc when compared to a variation of -21.001% in the growth rate between 2018 and 2019.
New Zealand's share of the world's total tallow fat's exports in 2019 was 47.4 pc. The country holds position 1 in world exports of tallow fat.
Export markets for New Zealand tallow fat ( in '000$ )
New Zealand's leading destinations for tallow fat are the Philippines, China, Samoa, South Korea and Malaysia.
Import/Export Trends
New Zealand is a net exporter of tallow fat. The annual growth of New Zealand tallow fat in value between 2015 to 2019 was 9%, per year, while annual growth in quantity during the same period was 3%, per annum.
New Zealand bought 3,049 tonnes of tallow fat in 2019.