Tallow: other than those of heading 1503

In 2024, tallow: other than those of heading 1503 trade exhibited significant decline, with global flows reaching $1,941,839,161 and a three-year compound annual growth rate of +0.7% (five-year: +13.8%). The all-time peak of $2,588,035,117 was recorded in 2022; the current level is 25% below that high-water mark.

Over the 30-year observation window (1995–2024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-4.0% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.117). The three largest exporters — Australia ($443.6M), Brazil ($341.3M), and Canada ($269.2M) — collectively dominate supply flows. The leading exporter has grown at -2.1% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.259). The three largest import markets are United States ($924.1M), Singapore ($279.7M), and Mexico ($119.4M). The largest importing market sources from 26 different supplying countries.

The dominant trade corridor is Brazil → United States at $314.4M, representing 34.0% of the importer's total demand.

The volatility score for tallow: other than those of heading 1503 is 12 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.