Market research

Beef, sheep or goat fat market in Australia and New Zealand

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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"Australia and New Zealand" region includes following countries:

Australia

Christmas Island

Cocos (Keeling) Islands

Heard Island and McDonald Islands

New Zealand

Norfolk Island

Earlier Report Observations

The market for beef, sheep and goat fat in Australia and New Zealand underwent considerable volatility between 2018 and 2023. After a strong expansion in 2019, domestic consumption entered a prolonged phase of contraction that lasted through 2022, before staging a sharp recovery in the final year.

Market volume grew significantly to 534 thousand tonnes in 2019, but then fell steadily over the next three years, reaching a low of 346 thousand tonnes in 2022. This downward trajectory was completely reversed in 2023, with consumption rebounding to 482 thousand tonnes, nearly closing the gap to its pre-decline level.

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 and New Zealand
  1. 5.1.1. Annual dynamics of production in Australia and New Zealand 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. 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 and New Zealand

In kind, 2018-2021, K t

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

Beef, sheep, and goat fat production in Australia and New Zealand fell for the second year in a row. In 2021, output reached 961 thousand tonnes, marking a 2.0% drop from the previous year. From 2018 to 2021, production declined by 8.4%, averaging a 2.9% annual decrease. The highest production level was in 2019 at 1,058 thousand tonnes, which saw a modest 0.9% increase. The sharpest decline occurred in 2020, with a 7.4% reduction.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.9%	(7.4%)	(2.0%)	(2.9%)

Source: SHEV.io

Exports beef, sheep or goat fat from Australia and New Zealand

Exports in kind, K t

In 2021, Australia and New Zealand exported 545.3 thousand tonnes of beef, sheep, and goat fat, showing a slight 1.2% decrease compared to 2020. Over the 2018-2021 period, exports fell by 7.5%, with a compound annual growth rate of -2.6%. The lowest export volume was in 2019 at 525.1 thousand tonnes, which experienced an 11.0% decline. In contrast, 2020 saw the largest increase at 5.1%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(11.0%)	5.1%	(1.2%)	(2.6%)

Source: SHEV.io

From 2018 to 2021, Singapore and China were the primary destinations for beef, sheep, and goat fat exports from Australia and New Zealand, while other markets played a smaller role.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

The market showed fluctuating trends during this period. In 2021, exports of beef, sheep, and goat fat from Australia and New Zealand totaled 661.6 million US dollars, a significant 74.4% rise from 2020. The lowest value was recorded in 2019 at 306.0 million US dollars, which saw a 13.0% decline. Overall, there was a 2.2-fold difference between the peak in 2021 and the trough in 2019.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(13.0%)	24.0%	74.4%	23.4%

Source: SHEV.io

Between 2018 and 2021, the three largest markets—Singapore, China, and the United States—dominated export value, accounting for 90.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports beef, sheep or goat fat to Australia and New Zealand

Imports in kind, K t

Import volumes were volatile from 2018 to 2021. In 2021, Australia and New Zealand imported {value_last_year} thousand tonnes of beef, sheep, and goat fat, an 8.1% decrease from 2020. The lowest import level was in 2018, while the peak occurred in 2020 at 0.9 thousand tonnes, resulting in a 7.7-fold variation. The largest increase was in 2019, with a 322.5% surge.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	322.5%	83.4%	(8.1%)	92.4%

Source: SHEV.io

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

In 2021, imports of beef, sheep, and goat fat into Australia and New Zealand amounted to 0.9 million US dollars, a sharp 27.9% increase compared to 2020. Over the 2018-2021 period, imports dropped by 51.7%, with an average annual decline of 21.6%. The lowest value was in 2020 at 0.7 million US dollars, which saw a 69.6% fall. The highest value was in 2019 at 2.3 million US dollars.

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