Market research

Beef, sheep or goat fat market in Australia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:

Report language:

Submission method: to your account

File format: docx, xlsx

Single Report

$500

Instant access to detailed data on one specific market
Ideal for one-off tasks: niche assessments, presentations, investment decisions
Available in Excel and Word in 15 minutes after purchase
Cheaper than subscription, but each market requires a separate purchase

Best if you know exactly what you need

Buy a single report

Platform Subscription

from$600

Complete and unlimited data access across products and regions
Includes continuous data updates during subscription period
Download reports instantly in Word, and Excel formats
More cost-effective for multiple markets or regular analysis

Ideal for regular data users

View pricing plans

Earlier Report Observations

Between 2018 and 2023, the Australian market for beef, sheep or goat fat showed significant swings, reaching 389.5 thousand tons in 2019 before contracting to 201.4 thousand tons in 2022. Industry support from Meat & Livestock Australia provided stability early on, while drought conditions began pressuring herd numbers and output.

Severe drought in 2020 further reduced livestock production, contributing to a smaller market volume. Improved weather in 2021 started to rebuild flocks, but strong export demand and high export prices in 2022 diverted substantial volumes overseas, limiting domestic supply.

A sharp production rebound to 824.6 thousand tons in 2023, driven by rising global demand for bovine fats in biodiesel and food applications, lifted the market volume to 281.8 thousand tons. Australia's role as a leading exporter, with export volumes and prices shaping domestic availability, remained a consistent feature throughout the period.

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, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Australia
  1. 5.1.1. Annual dynamics of production in Australia in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Australia 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, 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. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Australia, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Australia, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/kg
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, 2018-2025
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 Australia

In kind, 2018-2021, K t

From 2018 to 2021, Australia ranked as the world's third-largest producer of beef, sheep, or goat fat.

Top producers of beef, sheep or goat fat, 2018-2021

Source: SHEV.io

World map of production of beef, sheep or goat fat, 2018-2021

Source: SHEV.io

Australia's production of beef, sheep, or goat fat declined for the second year in a row. In 2021, output reached 685.4 thousand tonnes, down 3.9% from the previous year. Over the 2018-2021 period, production fell by 12.8%, with an average annual decline of 4.5%. The highest production level was recorded in 2019 at 794.0 thousand tonnes. The most significant drop occurred in 2020, with a decrease of 10.1%, while the largest increase was seen in 2019, at 1.0%.

Annual dynamics of production in Australia in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.0%	(10.1%)	(3.9%)	(4.5%)

Source: SHEV.io

Exports beef, sheep or goat fat from Australia

Exports in kind, K t

In 2021, Australia exported 397.6 thousand tonnes of beef, sheep, or goat fat, which is 8.8% less than in 2020. Between 2018 and 2021, exports decreased by 10.2%, translating to an average annual decline of 3.5%. The largest increase was recorded in 2020, at 7.7%.

Annual dynamics of product's exports from Australia in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(8.7%)	7.7%	(8.8%)	(3.5%)

Source: SHEV.io

From 2018 to 2021, Singapore, China, and the United States formed the core group of markets for Australia's exports in kind. Singapore accounted for 65.6% of exports, China for 13.2%, and the United States for 9.9%, together representing 88.8% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Australia in kind, 2018-2021

Source: SHEV.io

Exports in value, M $ US

Australia's export value of beef, sheep, or goat fat increased for the second consecutive year. In 2021, exports amounted to 487.9 million US dollars, up 64.4% from the previous year. Over the 2018-2021 period, exports grew by 85.8%, with an average annual increase of 22.9%. The lowest value was recorded in 2019 at 236.0 million US dollars, which also saw the largest decline of 10.1%.

Annual dynamics of product's exports from Australia in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(10.1%)	25.8%	64.4%	22.9%

Source: SHEV.io

Throughout 2018-2021, Singapore, the United States, and China were the core markets for Australia's exports in value terms. Singapore accounted for 64.2% of exports, the United States for 13.1%, and China for 12.0%, together making up 89.2% of total export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Australia in value, 2018-2021

Source: SHEV.io

Imports beef, sheep or goat fat to Australia

Imports in kind, K t

The market showed significant volatility during these years. Import volumes hit a low in 2018 and peaked in 2021, with a 23-fold difference between these years. In 2021, Australia imported 0.1 thousand tonnes of beef, sheep, or goat fat, marking a sharp increase of 2 155.3% compared to 2020. The largest decline was recorded in 2019, at 0.0%.

Annual dynamics of product's imports to Australia in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	-	-	2 155.3%	182.5%

Source: SHEV.io

From 2018 to 2021, Sweden remained the key source for Australia's imports in kind, accounting for 11.7% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Australia in kind, 2018-2021

Source: SHEV.io

Imports in value, M $ US

Market performance exhibited noticeable fluctuations during this period. Import volumes fell to a trough in 2019 and peaked in 2021, with an 11.8-fold difference. In 2021, Australia's cross-border shipments of beef, sheep, or goat fat stood at 0.1 million US dollars, equivalent to an increase of 811.5% from the previous year. The minimum value was recorded in 2019 at 0.0 million US dollars, which also saw the largest decline of 2.8%.

Annual dynamics of product's imports to Australia in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.8%)	29.5%	811.5%	125.5%

Source: SHEV.io

In the 2018-2021 period, two main sources—Sweden and the United States—together accounted for 23.3% of Australia's total imports in value terms of beef, sheep, or goat fat.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Australia in value, 2018-2021

Source: SHEV.io