Subscribe Now
Book a Demo

Tallow Oil Price Trend and Forecast

âźł Weekly Update
|
Historical Data Since 2015
|
Forecast for 2026

tallow oil Price Trends by Country

inIndia
usUnited States
auAustralia

Global tallow oil Spot Market Prices, Trend Analysis and Forecast

Looking ahead to Q4 2024, tallow oil production will have recovered gradually as livestock supplies stabilize and logistical issues ease. However, volatility will have persisted due to factors such as livestock production fluctuations, government regulations, and sustained biodiesel demand. Climate change impacts on agriculture and livestock will have remained a key risk, requiring companies to have adjusted procurement strategies accordingly. 

Tallow Oil Price Trend Analysis: Q2 2025

Tallow Oil Price Trend Analysis: Q4 2024

Looking ahead to Q4 2024, tallow oil production will have recovered gradually as livestock supplies stabilize and logistical issues ease. However, volatility will have persisted due to factors such as livestock production fluctuations, government regulations, and sustained biodiesel demand. Climate change impacts on agriculture and livestock will have remained a key risk, requiring companies to have adjusted procurement strategies accordingly. 

By August 2024, tallow oil prices have averaged USD 1,210 per metric ton, reflecting ongoing supply tightness. While production has improved, slow livestock recovery and rising demand from biodiesel and animal feed industries have kept supply constrained. Logistics challenges have persisted, with demand from cosmetics and industrial applications continuing to support higher prices. 

In the first half of Q2 2024, the market remained under pressure due to ongoing livestock supply challenges and transportation bottlenecks. While biodiesel demand had stayed robust, production had shown signs of recovery by May, easing logistical issues. Prices had stabilized modestly, but the market had remained cautious due to potential supply disruptions. 

In Q1 2024, tallow oil prices had averaged USD 1,120 per metric ton globally, while prices in the USA had reached USD 1,290 per metric ton. The increase had been driven by disruptions in production due to tight livestock supplies, logistical delays, and severe weather in key cattle producing regions, which had led to a 500,000 metric ton production decrease. Strong demand from biodiesel, animal feed, and personal care sectors had further pushed prices higher, creating uncertainty in procurement strategies. 

Technical Specifications of Tallow Oil Price Trends

Tallow Oil Industrial Applications

Tallow oil has a variety of applications due to its high content of fatty acids. It is commonly used in soap making, cosmetics, and skincare products for its moisturizing properties. It can also be converted into biodiesel, used as a lubricant or grease in industrial machinery, and as a conditioning agent in leather and textiles. Historically, tallow oil was used in cooking and candle making. Additionally, it is utilized in animal feed, pharmaceutical products (such as ointments and suppositories), and the production of surfactants for cleaning products.

Historically, several events have caused significant fluctuations in Tallow Oil prices

  • Weather-Related Disruptions in Livestock Production:
    Severe weather in cattle-producing regions has reduced livestock availability, tightened tallow oil supply and raising prices. Demand from biodiesel, animal feed, and personal care industries increases as manufacturers secure supplies, pushing prices further up. 
  • Geopolitical Events and Trade Policies:
    Trade policies, such as tariffs on animal fats, can disrupt supply chains, leading to higher production costs and rising tallow oil prices. Demand may increase as industries compete for limited supply, especially biodiesel and feed sectors. 
  • Increased Demand from Biodiesel:
    Growing biodiesel production driven by renewable energy mandates has intensified competition for tallow oil, raising prices. Demand from the biodiesel sector increases, contributing to overall price hikes. 
  • Rising Demand in Personal Care and Industrial Sectors:
    Increased interest in natural and organic products has boosted demand for tallow oil in cosmetics, soaps, and industrial applications, putting upward pressure on prices. 
  • Environmental and Sustainability Considerations:
    Sustainability-driven shifts toward certified sustainable tallow oil can stabilize supply while increasing demand from eco-conscious consumers and businesses, leading to a more stable or higher price trend. 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global tallow oil price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the tallow oil market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence tallow oil prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely tallow oil market data.

Track PriceWatch's tallow oil price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: Price-Watch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions. 
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major tallow oil production hubs. This ground-level intelligence is crucial for understanding localized market dynamics. 
  • Supply Chain Monitoring: We track the entire tallow oil supply chain, from raw material availability (e.g., naphtha, ethane) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics. 

Event Tracking and Impact Analysis​

  • Geopolitical and Trade Policy Changes:
    Changes in global trade policies, tariffs, or political instability can disrupt supply chains and affect tallow oil prices. By tracking these events, companies can anticipate price fluctuations and plan sourcing strategies to maintain supply stability, especially from key exporting countries. 
  • Economic Conditions and Industry Demand:
    Tracking shifts in consumer preferences and industry demand, particularly in personal care and industrial sectors, provides insights into tallow oil price trends. A surge in demand for natural products can lead to price increases, so understanding these trends helps in managing procurement strategies. 
  • Sustainability Trends:
    The increasing focus on sustainable sourcing practices affects both supply and demand. Tracking the adoption of certified sustainable tallow oil helps assess potential price stability and anticipate market shifts, ensuring companies align with eco-conscious consumer preferences. 

 

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global tallow oil production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately. 
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming tallow oil production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

  • Sectoral Demand Analysis: Price-Watch provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments. 
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global tallow oil pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

  • Dynamic Pricing Models: Price-Watch utilizes advanced econometric models to forecast tallow oil prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power. 
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes. 

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations. 
  • Ongoing Support: Price-Watch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice. 

This research methodology ensures that Price-Watch delivers the most accurate, timely, and actionable tallow oil pricing assessments, helping our clients stay ahead of market trends and make informed business decisions. 

 

Tallow Oil Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for tallow oil. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

Tallow oil pricing is mainly driven by factors such as the availability of animal fats (linked to meat production), demand for meat, and competition from other oils like palm and soybean oil. Energy prices influence its use in biodiesel production, while environmental regulations and policies promoting biofuels can increase demand. Global trade dynamics, export demand, and seasonal fluctuations in livestock slaughter also affect supply and pricing. Market speculation on agricultural commodities can further contribute to price volatility.

Fluctuations in supply chains can impact tallow oil prices by disrupting livestock availability, processing, and transportation. Any issues like disease outbreaks, logistical delays, or changes in raw material costs can reduce supply, driving prices up. Additionally, trade barriers, export/import challenges, or disruptions in competing oils can further cause price volatility in the tallow oil market.

Sustainability and regulatory changes impact tallow oil pricing by influencing supply and demand. Stricter environmental and animal welfare regulations can reduce livestock production, limiting tallow availability and raising prices. Policies promoting biofuels or sustainable products can boost demand, especially for biodiesel, leading to higher prices. Additionally, import/export regulations can affect global supply and cause price fluctuations.

Access Real-Time Tallow Oil Price Trends