Market research

Beef, sheep or goat fat market in Americas

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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"Americas" region includes following countries:

Bermuda

Canada

Greenland

Saint Pierre and Miquelon

the United States

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

Production of beef, sheep, and goat fat in the Americas grew steadily from 7 139 thousand tons in 2018 to 7 585 thousand tons in 2023. The overall market volume followed a different path, expanding from 6 998 thousand tons in 2018 to a peak of 7 449 thousand tons in 2020 before contracting to 6 971 thousand tons by 2023.

Import volumes were volatile, rising sharply to 384 thousand tons in 2020 and again to 213 thousand tons in 2024, while exports demonstrated a strong upward trend from 279 thousand tons in 2018 to 718 thousand tons in 2023, moderating to 618 thousand tons in 2024.

The U.S. market in 2024 experienced a 10.68% increase in import volumes for these fats despite a 17.97% drop in their import value, caused by a 25.88% decline in average prices. This growth was supported by rising demand for animal fats in food applications, oleochemicals, and biodiesel, partly driven by shifting consumer preferences toward high-fat diets such as keto and paleo.

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 Americas
  1. 5.1.1. Annual dynamics of production in Americas in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K 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, K 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. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 beef, sheep or goat fat in Americas

In kind, 2017-2020, K t

Top producers of beef, sheep or goat fat, 2017-2020

Source: SHEV.io

World map of production of beef, sheep or goat fat, 2017-2020

Source: SHEV.io

Beef, sheep, and goat fat production in the Americas has increased for the second year in a row. In 2020, the region produced 7 442 K t, marking a 1.1% rise from the previous year. Looking at the period from 2017 to 2020, production grew by 3.3%, which translates to an average annual increase of 1.1%. The lowest production level was in 2018, at 7 139 K t. That year also saw the largest decline, with a drop of 0.9%. In contrast, the biggest increase occurred in 2019, when production jumped by 3.1%.

Annual dynamics of production in Americas in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.9%)	3.1%	1.1%	1.1%

Source: SHEV.io

In value, 2017-2020, M $ US

Beef, sheep, and goat fat production in the Americas has risen for the second consecutive year. In 2020, the output was valued at 5 903 M $ US, up by 13.0% compared to 2019. From 2017 to 2020, production increased by 9.1%, averaging a 2.9% annual growth rate. The lowest value was recorded in 2018, at 5 215 M $ US, which also experienced the largest decline of 3.6%.

Annual dynamics of production in Americas in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.6%)	0.2%	13.0%	2.9%

Source: SHEV.io

Exports beef, sheep or goat fat from Americas

Exports in kind, K t

Beef, sheep, and goat fat exports from the Americas have grown for the third year in a row. In 2020, exports reached 376.4 K t, showing a significant increase of 11.0% from 2019. Over the 2017-2020 period, exports rose by 39.1%, with a compound annual growth rate of 11.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.1%	21.5%	11.0%	11.6%

Source: SHEV.io

From 2017 to 2020, beef, sheep, and goat fat exports from the Americas were distributed across numerous markets. The Netherlands, Singapore, and Japan accounted for 7.1%, 6.3%, and 4.6% of exports in kind, respectively, but together they represented only 18.0% of the total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Beef, sheep, and goat fat exports from the Americas have increased for the third consecutive year. In 2020, exports amounted to 298.6 M $ US, reflecting a notable uptick of 24.0% compared to 2019. Between 2017 and 2020, exports grew by 46.9%, equating to an annualized rate of 13.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.3%	18.1%	24.0%	13.7%

Source: SHEV.io

During 2017-2020, the partner portfolio for beef, sheep, and goat fat exports from the Americas in value terms was quite broad. Singapore, the Netherlands, and Japan accounted for 6.4%, 5.6%, and 4.5% of exports in value, respectively, but together they made up only 16.5% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports beef, sheep or goat fat to Americas

Imports in kind, K t

The market showed an unstable trend over the observed period. Imports reached their lowest point in 2019 at 106.7 K t and peaked in 2020 at 383.5 K t, representing a 3.6-fold increase between these years. In 2020, imports totaled 383.5 K t, corresponding to a sharp gain of 259.6% compared to the previous year. The largest decline was recorded in 2019, at 22.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.2%	(22.5%)	259.6%	42.7%

Source: SHEV.io

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

The market exhibited volatility throughout the timeframe. Import levels fluctuated, with the low in 2019 at 86.6 M $ US and the high in 2020 at 314.8 M $ US, a 3.6-fold difference. In 2020, imports amounted to 314.8 M $ US, representing a sharp uptick of 263.5% compared to the previous year. The largest decline occurred in 2019, at 21.1%.

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