Market research

Tallow market in Serbia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The tallow market in Serbia demonstrated strong growth from 2018 to 2022, with total market volume increasing from 15 436 tons to 25 783 tons. This expansion was primarily driven by a substantial rise in domestic production, which climbed from 14 886 tons to 24 807 tons over the same period. After reaching a peak in 2022, both market volume and production experienced a moderate contraction in 2023.

Imports of tallow into Serbia more than doubled between 2021 and 2023, rising from 575 tons to 1 347 tons. This growing import flow helped cushion the impact of the 2023 production decline on overall market supply. Throughout the entire period, exports remained at minimal levels, indicating that the market was predominantly focused on domestic consumption.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Serbia
  1. 5.1.1. Annual dynamics of production in Serbia in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Serbia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Serbia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Serbia by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Serbia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Serbia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Serbia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Serbia by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Serbia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Serbia by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Serbia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Serbia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Serbia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Serbia by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Serbia in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Serbia by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Serbia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Serbia by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Serbia, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Serbia by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Serbia in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Serbia by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Serbia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Serbia by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Serbia, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Serbia by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production tallow in Serbia

In kind, 2017-2020, t

From 2017 to 2020, Serbia was among the world's leading producers of tallow, ranking 27th globally by production volume.

Top producers of tallow, 2017-2020

Source: SHEV.io

World map of production of tallow, 2017-2020

Source: SHEV.io

Tallow production in Serbia increased for the third consecutive year. In 2020, the country produced 19 505 tons of tallow, marking a moderate year-over-year advance of 5.5%. Over the 2017-2020 period, production grew by 47.5%, with a compound annual growth rate of 13.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.6%	24.2%	5.5%	13.8%

Source: SHEV.io

Exports tallow from Serbia

Exports in kind, t

The market exhibited significant volatility during these years. Exports bottomed in 2019 at 1.9 tons and peaked in 2020 at 37.0 tons, representing a 19-fold difference. In 2020, tallow deliveries from Serbia surged by 1,837.9% compared to the previous year. The largest decline occurred in 2019, with an 81.7% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	59.5%	(81.7%)	1 837.9%	78.0%

Source: SHEV.io

From 2017 to 2020, Bosnia and Herzegovina (42.9% of exports in kind), Slovakia (32.2%), and Montenegro (19.0%) remained the top buyers of tallow from Serbia, collectively accounting for 94.1% of total exports in kind.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The data shows irregular changes, reflecting a volatile market environment. Export volumes varied 15 times from the low in 2019 to the high in 2020. In 2020, tallow exports from Serbia reached 28.7 thousand US dollars, a sharp increase of 1,404.6% over the previous year. The minimum value was recorded in 2019 at 1.9 thousand US dollars, with the largest decline that year at 74.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	39.6%	(74.6%)	1 404.6%	74.8%

Source: SHEV.io

During 2017-2020, the leading destinations for tallow exports from Serbia in value terms were Slovakia (37.6% of exports), Bosnia and Herzegovina (33.7%), and Montenegro (22.5%), which together represented 93.8% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports tallow to Serbia

Imports in kind, t

Market behavior was characterized by volatility in these years. Imports reached their lowest point in 2017 and peaked in 2018, with a 1.9-fold difference. In 2020, cross-border shipments of tallow to Serbia amounted to 491.1 tons, a decline of 7.2% from 2019. The maximum value was recorded in 2018 at 560.9 tons, with the largest increase that year at 87.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	87.5%	(5.6%)	(7.2%)	18.0%

Source: SHEV.io

Throughout 2017-2020, Sweden (35.5% of imports in kind), Austria (17.4%), and Bosnia and Herzegovina (15.9%) formed the key group of partners for tallow imports to Serbia, jointly representing 68.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Import volumes showed a peak-to-trough amplitude of 1.9 times from 2017 to 2019. In 2020, tallow imports to Serbia totaled 378.4 thousand US dollars, down 13.1% from the year before. The maximum value was recorded in 2019 at 435.3 thousand US dollars, with the largest increase in 2018 at 75.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	75.7%	10.4%	(13.1%)	19.0%

Source: SHEV.io

From 2017 to 2020, three principal markets — Sweden, Austria, and Croatia — together accounted for 72.0% of total imports in value terms of tallow to Serbia.

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

Source: SHEV.io

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

Source: SHEV.io