South Korea tallow fat export quantities

The quantity of tallow fat exported by South Korea in 2020 was 4,406 tons. In 2019 South Korea shipped 2,010 tonnes of tallow fat. For 2019 alone, the demand for South Korea tallow fat (meat category) has gone down, flactuating by -4.513 per cent compared to the year 2018. Between 2017 and 2019, tallow fat's exports reduced by -1.47 pc bringing the country US$1.35m for the year 2019. South Korea's tallow fat exports are categorised as:

  • Tallow of bovine animals, sheep or goats (excluding oil and oleostearin) (HS code 150210)
  • 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)
  • Fats of bovine animals, sheep or goats (excluding tallow, oleostearin and oleo-oil) (HS code 150290)

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South Korea tallow fat export values

In 2019, South Korea shipped tallow fat costing 1.35m USD, a decrease of -5.66% from 2018's total tallow fat export of 1.431m USD. The yearly change in value of South Korea tallow fat between 2017 to 2018 was -13.43%.

The yearly variation in the volume of South Korea's tallow fat exports between 2017 and 2019 was -1.47 percent compared to a variation of -4.513% in the period between 2018 and 2019.

South Korea's portion of the world's total tallow fat's exports in 2019 was less than 1%. South Korea holds number 70 in world exports of tallow fat.

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Export markets for South Korea tallow fat ( in '000$ )

South Korea's top destinations for tallow fat are Japan, New Zealand and Singapore.

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Import/Export Trends

South Korea is a net importer of tallow fat. The annual growth of South Korea tallow fat in value between 2015 to 2019 was -15%, per annum, while annual growth in quantity was -15%, per annum.

South Korea bought 13,425 tonnes of tallow fat in 2019.