Tallow market in Finland, 2026

Earlier Report Observations

Between 2018 and 2019, the Finnish tallow market maintained a volume around 25 000 tonnes, supported by steady domestic production and substantial imports. A sharp turning point occurred in 2020 when the market volume more than halved to 13 166 tonnes, coinciding with a near-total collapse of imports. This drastic contraction unfolded alongside a significant drop in the export price of tallow, which fell from 8.00 USD/kg in 2019 to 2.82 USD/kg in 2020, reflecting weakened market conditions.

In the following years, the market stabilized at a lower level of 13 000-14 000 tonnes. A further price decline to 2.44 USD/kg in 2021 was accompanied by a partial recovery in imports, lifting the market volume to 14 408 tonnes. However, in 2022, the average import price surged by 319%, making foreign supplies less economical and contributing to a market reduction to 12 935 tonnes. By 2023, the market volume settled at 12 646 tonnes as prices continued their downward trend.

Production tallow in Finland

In kind, 2017-2020, t

From 2017 to 2020, Finland ranked as the 29th largest producer of tallow in the world.

Top producers of tallow, 2017-2020

World map of production of tallow, 2017-2020

Finland's tallow production increased for the second consecutive year. In 2020, the country produced 13 500 tonnes of tallow, which is 2.3% higher than in 2019. Over the 2017-2020 period, production grew by 2.3%, with a compound annual growth rate of 0.8%. The lowest production volume was recorded in 2018 at 13 100 tonnes, which also saw the largest decline of 0.8%.

Annual dynamics of production in Finland in kind, 2017-2020, t

Exports tallow from Finland

Exports in kind, t

The market showed an unstable trend during this period. Exports reached their lowest point in 2019 at 165 tonnes, with the highest volume recorded in 2017, resulting in a 2.2-fold difference between these years. In 2020, Finland exported 337 tonnes of tallow, representing a sharp increase of 103.6% compared to the previous year. The largest decline occurred in 2019, dropping by 37.6%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

Between 2017 and 2020, Estonia and Russia were the leading markets for Finland's tallow exports in volume terms, together accounting for 88.0% of total flows, while the remainder was distributed among other destinations.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

In 2020, Finland's tallow exports were valued at 179 thousand US dollars, down by 21.4% from 2019. From 2017 to 2020, exports decreased by 22%, equivalent to an annualized rate of 7.9%. The lowest value was recorded in 2018 at 150 thousand US dollars, which also experienced the largest decline of 35.0%. In contrast, the largest increase occurred in 2019, rising by 52.7%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

Throughout 2017-2020, Estonia and Russia remained the key partner countries for Finland's tallow exports in value terms, with a combined share of 82.5% of total flows; other partners accounted for the rest.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports tallow to Finland

Imports in kind, t

Market performance showed noticeable fluctuations during this period. Imports reached their lowest point in 2020 at 3 tonnes, with the peak recorded in 2017, creating a 4 280-fold gap between these years. In 2020, tallow deliveries to Finland totaled 3 tonnes, marking a significant decline of 100.0% compared to 2019. The largest increase was recorded in 2019, rising by 5.4%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

From 2017 to 2020, Uruguay was the main supplier of tallow to Finland in volume terms, accounting for 84.0% of total imports, while other partners had relatively modest shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

Volatility characterized the market behavior during these years. Imports reached their lowest volume in 2020 at 19 thousand US dollars, with the peak in 2019, resulting in a top-to-bottom ratio of 693 times. In 2020, tallow volumes in Finland amounted to 19 thousand US dollars, reflecting a sharp fall of 99.9% versus the previous year. The maximum value was recorded in 2019 at 13 299 thousand US dollars, which also saw the largest increase of 56.2%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

Between 2017 and 2020, Uruguay remained the main source of tallow imports to Finland in value terms, taking 78.0% of total imports, whereas the remaining volume was distributed among other countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020