What is the price of tallow fat per kilogram/pound in US today?
The retail price range for US tallow fat is between US$ 2.90 and US$ 7.74 per kilogram or between US$ 1.32 and US$ 3.51 per pound(lb). Click here to see today's exact prices of tallow fat in US
The retail price range in Euro for tallow fat is between EUR 2.66 and EUR 7.10 per kilogram or between EUR 1.21 and EUR 3.22 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US tallow fat is between US$ 2.03 and US$ 5.42 per kilogram or between US$ 0.92 and US$ 2.46 per pound(lb).
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US Tallow Fat Export Prices - Historical, Trends and Prediction
The export price per kilogram of Tallow Fat from the US has seen a steady decline over the last five years. In 2011, the price was 1.16 US dollars per kg, dropping to 0.68 US dollars per kg in 2015. Since then, the price has seen a slight increase, reaching 0.79 US dollars per kg in 2020. Looking ahead, it is likely that the price of Tallow Fat will continue to rise, with an estimated price of 1.27 US dollars per kg in 2021 and 1.32 US dollars per kg in 2022. Predicted prices for 2023 and 2024 are 1.37 US dollars per kg and 1.42 US dollars per kg respectively.The US tallow fat exports 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)
US Tallow Fat Import Prices - Historical, Trends and Prediction
The import price per kilogram of Tallow Fat into the US over the last five years has seen a steady decline. In 2017, the price was $0.80, dropping to $0.70 in 2018 and then increasing slightly to $0.73 in 2019. In 2020, the price rose to $0.79 and then jumped to $1.27 in 2021. The most recent data shows that the price has increased again to $1.32 in 2022. Based on this data, it is likely that the import price per kilogram of Tallow Fat into the US will remain relatively stable in the next two years. We can predict that the price in 2023 will be around $1.30 and in 2024 it will be around $1.35.Export values for US tallow fat
The total values in export for tallow fat in US were US$ 293,761, US$ 320,776, US$ 311,424 and US$ 309,412 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in US: 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.
US tallow fat - Production, Exports, Imports, Seasons and HS Codes
The volume of tallow fat exported by US in 2020 was 403,085 tons. In 2019 US sold 422,873 tonnes of tallow fat. For 2019 alone, the interest in US tallow fat (meat category) has gone down, with a change of -5.05 per cent compared to the year 2018. Between 2017 and 2019, tallow fat's exports increased by 4.99 pc earning the exporter US$309.41m for the year 2019. US' tallow fat exports are classified as:
- Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)
- Fats of bovine animals, sheep or goats (excluding lard stearin, lard oil, oleostearin, oleooil and tallow oil, not emulsified or mixed or otherwise prepared) (HS code 150200)
- Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
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US tallow fat export values
In 2019, US supplied tallow fat costing 309.41m USD, a reduction of -0.65% from 2018's total tallow fat export of 311.424m USD. The yearly reduction in value of US tallow fat between 2017 to 2018 was -2.915 pc.
The annual change in the volume of US' tallow fat exports between 2017 and 2019 was 4.99 percent in comparison to a variation of -5.05% in the period between 2018 and 2019.
US' stake of the world's total tallow fat's exports in 2019 was 1.1 pc. The country is ranked position 15 in world exports of tallow fat.
Export markets for US tallow fat ( in '000$ )
US' best performing destinations for tallow fat are Singapore, Morocco, Turkey, Guatemala and Colombia.
Import/Export Trends
US is a net exporter of tallow fat. The annual growth of US tallow fat in value between 2015 to 2019 was 13%, per annum, while annual growth in quantity for the same period was 9%, per annum.
US purchased 191,953 tonnes of tallow fat in 2019.