Market research

Beef, sheep or goat fat market in Asia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

The market volume for beef, sheep, and goat fats in Asia fluctuated significantly between 2018 and 2023. After a drop to 2 million tons in 2019, consumption rebounded strongly, exceeding 2.5 million tons in 2020 and reaching a peak of 2.6 million tons in 2021. The market then gradually contracted over the next two years, falling to 2.4 million tons by 2023.

The market is shaped by consistent demand from key industrial sectors, including food processing, animal feed, and biodiesel production. Furthermore, evolving consumer preferences for organic and sustainably sourced products have encouraged manufacturers to develop animal fats with enhanced nutritional profiles, such as options with reduced saturated fat content.

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 Asia
  1. 5.1.1. Annual dynamics of production in Asia 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 China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to China 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 China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China 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 China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to China 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 China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to China 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 China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China 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 China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to China 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 China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from China 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 China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China 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 China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from China 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 China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from China 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 China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China 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 China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from China 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 Asia

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

Asia's production of beef, sheep, or goat fat declined after two years of growth. In 2019, output reached its peak at 1 805 K t, marking a 1.7% increase. However, by 2020, production had fallen to 1 768 K t, representing a 2.1% decrease compared to the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.3%	1.7%	(2.1%)	(0.1%)

Source: SHEV.io

In value, 2017-2020, M $ US

Following a two-year decline, the value of beef, sheep, or goat fat production in Asia rebounded. In 2019, output hit its lowest point at 1 364 M $ US, with a 4.7% drop. By 2020, production had risen to 1 553 M $ US, showing a 13.9% increase over the past year. From 2017 to 2020, overall production grew by 5.3%, with an average annual growth rate of 1.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.9%)	(4.7%)	13.9%	1.7%

Source: SHEV.io

Exports beef, sheep or goat fat from Asia

Exports in kind, K t

Asia's exports of beef, sheep, or goat fat by volume have increased for the third year in a row. In 2020, exports reached 79.7 K t, up by 25.2% from 2019. Over the period from 2017 to 2020, exports surged by 123.5%, with an average annual growth rate of 30.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	39.5%	28.0%	25.2%	30.7%

Source: SHEV.io

From 2017 to 2020, Italy remained the primary destination for Asia's exports of beef, sheep, or goat fat by volume, accounting for 0.6% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

The value of beef, sheep, or goat fat exports from Asia has risen for the third consecutive year. In 2020, exports amounted to 70.1 M $ US, reflecting a 45.6% improvement compared to 2019. Between 2017 and 2020, exports grew by 135.8%, with an average annual increase of 33.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	35.0%	20.0%	45.6%	33.1%

Source: SHEV.io

During 2017–2020, Italy and Russia continued to be the main buyers of beef, sheep, or goat fat from Asia in value terms, together representing 1.1% of total exports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports beef, sheep or goat fat to Asia

Imports in kind, K t

Import volumes of beef, sheep, or goat fat into Asia showed significant volatility. In 2019, imports hit their lowest point at 262.2 K t, with a 54.5% decline. By 2020, imports had surged to 851.8 K t, marking a steep 224.9% increase compared to the previous year. Overall, imports changed by 3.2 times from the trough in 2019 to the peak in 2020.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(28.3%)	(54.5%)	224.9%	2.0%

Source: SHEV.io

From 2017 to 2020, Australia, New Zealand, and the United States were the main sources for Asia's imports of beef, sheep, or goat fat by volume. Australia accounted for 44.7%, New Zealand for 16.8%, and the United States for 16.5% of imports, together making up 78.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

The value of beef, sheep, or goat fat imports into Asia exhibited notable fluctuations. In 2019, imports reached their minimum at 201.4 M $ US, with a 51.2% decrease. By 2020, imports had jumped to 713.4 M $ US, showing a 254.2% rise compared to the previous year. Imports changed by a factor of 3.5 from the low in 2019 to the high in 2020.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(35.8%)	(51.2%)	254.2%	3.5%

Source: SHEV.io

Over 2017–2020, Australia, the United States, and New Zealand were the leading suppliers of beef, sheep, or goat fat to Asia in value terms. Australia contributed 43.2%, the United States 18.7%, and New Zealand 15.6% of imports, together comprising 77.5% of total imports in value terms.

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

Source: SHEV.io

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

Source: SHEV.io