Beef, sheep or goat fat market in Bangladesh

Earlier Report Observations

Beef, sheep, and goat fat production in Bangladesh began a steady climb from 2018, supported by sustained government initiatives to develop the livestock sector. A $500 million financing agreement with the World Bank in 2017 aimed at improving productivity and market access for millions of farmers, laying a foundation for growth. This was accompanied by the entry of new agribusiness firms marketing recognized livestock brands domestically. Concurrently, increasing production of animal feed provided a more stable input base for herds. The market faced a temporary disruption in 2020 when the COVID-19 pandemic affected supply chains, but the adoption of improved feeding and management technologies helped mitigate the impact on output.

The post-pandemic period saw a continued expansion, driven by recovering domestic demand and ongoing public programs to enhance livestock value chains. A significant driver from 2022 was the record expansion of large-scale animal feed production, which reached over 6.5 million tons annually, directly supporting herd productivity. That year also saw the peak in fat imports, influenced by global trade flows, though the Russia-Ukraine war simultaneously increased feed raw material costs. Government promotion of crossbred sheep rearing as a new economic opportunity, backed by soft loans, added momentum to the sector. While import volumes moderated after 2022, domestic production maintained its upward trajectory through 2023.

Throughout the period, growth was further underpinned by efforts to improve product quality and access to international markets, including a focus on Halal certification. The consistent increase in market volume, from 22,926 t in 2018 to 25,068 t in 2023, occurred despite persistent challenges such as animal disease incidence and feed limitations, highlighting the sector's resilience bolstered by institutional support and private investment in feed manufacturing.

Production beef, sheep or goat fat in Bangladesh

In kind, 2017-2020, t

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

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

Bangladesh's production of beef, sheep, or goat fat has increased for the third consecutive year. In 2020, the country produced 23 758 tonnes, which is 1.9% higher than in 2019. Over the period from 2017 to 2020, production grew by 5.8%, with an average annual growth rate of 1.9%.

Annual dynamics of production in Bangladesh in kind, 2017-2020, t

Exports beef, sheep or goat fat from Bangladesh

Exports in kind, kg

In 2020, Bangladesh exported 4 499 kilograms of beef, sheep, or goat fat, marking a significant decline of 29.7% compared to the previous year.

Annual dynamics of product's exports from Bangladesh in kind, 2017-2020, kg

From 2017 to 2020, Bangladesh's exports of beef, sheep, or goat fat were almost entirely directed to Brunei Darussalam, which accounted for 100.0% of total exports in volume.

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

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

Exports in value, $ US

Bangladesh's exports of beef, sheep, or goat fat in 2020 amounted to 5 531 US dollars, showing a notable decrease of 10.5% from the year before.

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

Throughout 2017–2020, the value of exports was heavily concentrated on Brunei Darussalam, representing 100.0% of total export flows.

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

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

Imports beef, sheep or goat fat to Bangladesh

Imports in kind, kg

The data shows irregular changes, indicating a volatile market environment. In 2018, imports reached their lowest point at 2 406 kilograms, with the largest decline of 53.4% recorded that year. By 2019, imports surged to 7 569 kilograms, an increase of 214.6% year-on-year, marking the highest volume during the period. The gap between the lowest and highest imports was 3.1-fold.

Annual dynamics of product's imports to Bangladesh in kind, 2017-2020, kg

From 2017 to 2020, imports in volume were almost exclusively sourced from Pakistan, which made up 100.0% of total import flows.

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

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

Imports in value, $ US

Market performance exhibited noticeable fluctuations during this period. In 2018, imports hit a low of 4 013 US dollars, with the largest decline of 53.9% occurring that year. By 2019, imports peaked at 10 747 US dollars, a 167.8% increase from the previous year. The difference between the peak and trough was 2.7-fold.

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

During 2017–2020, Pakistan was the nearly exclusive supplier of beef, sheep, or goat fat to Bangladesh, accounting for 100.0% of total imports in value terms.

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

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