Beef, sheep or goat fat market in Chile

Earlier Report Observations

From 2018 to 2021, the volume of the beef, sheep, and goat fats market in Chile fluctuated between 18 000 t and 20 000 t. This period was characterized by consistent regulatory oversight from the Agricultural and Livestock Service (SAG), which enforced animal welfare laws and feed safety regulations affecting production practices. In 2020, SAG introduced updated normative resolutions for animal-origin products, reinforcing traceability and sustainability in the meat sector. The following year, authorities strengthened animal feed and welfare regulations while pursuing export opportunities for beef and lamb to Japan, implying adjustments in production standards.

The market contracted sharply in 2022, falling to 15 995 t. This decline was driven by a surge in consumer prices for beef cuts, which reduced demand, and a reported 10% decrease in the number of slaughtered animals, directly limiting the supply of animal fats. New environmental obligations for pig farming also reflected a tightening regulatory approach across livestock sectors.

In 2023, the market recovered to 18 969 t, with production rising to 13 367 t and imports increasing to 7 938 t. Export volumes rebounded to 2 336 t after the sharp drop recorded in the previous year.

Production beef, sheep or goat fat in Chile

In kind, 2018-2021, t

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

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

Chile produced 14 209 tons of beef, sheep, or goat fat in 2021, marking a gradual decline of 4.7% from the previous year. Production peaked in 2020 at 14 912 tons, which also saw the largest annual increase of 3.6%.

Annual dynamics of production in Chile in kind, 2018-2021, t

In value, 2018-2021, K $ US

Chile's beef, sheep, or goat fat production value rose for the second consecutive year. In 2021, output was valued at 8 888 thousand US dollars, up 7.4% from the previous year. Over the 2018-2021 period, production value decreased by 4.9%, with a compound annual growth rate of 1.7%. The lowest value occurred in 2019 at 7 775 thousand US dollars, which also experienced the largest decline of 16.8%.

Annual dynamics of production in Chile in value, 2018-2021, K $ US

Exports beef, sheep or goat fat from Chile

Exports in kind, t

The market showed an unstable trend over the timeframe. Exports bottomed in 2018 and peaked in 2019, with a 12.5-fold difference between these years. In 2021, Chile exported 1 949 tons of beef, sheep, or goat fat, indicating a robust reduction of 17.9% from the previous year. The highest export volume was recorded in 2019 at 2 593 tons, which also saw the largest annual increase of 1 149.7%.

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

From 2018 to 2021, the United States served as the primary destination for Chile's beef, sheep, or goat fat exports, consistently absorbing 99.5% of total export volumes.

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

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

Exports in value, K $ US

The market exhibited an unstable trend throughout the period. Export values dropped to a minimum in 2018 and climbed to a maximum in 2019, representing a 10.5-fold shift. In 2021, exported beef, sheep, or goat fat from Chile reached 1 219 thousand US dollars, which is 7.5% lower than in 2020. The highest value was recorded in 2019 at 1 401 thousand US dollars, which also experienced the largest annual increase of 945.4%.

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

Throughout 2018-2021, the United States dominated the partner structure of exports in value terms, consistently accounting for 96.3% of total flows.

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

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

Imports beef, sheep or goat fat to Chile

Imports in kind, t

Cross-border shipments of beef, sheep, or goat fat to Chile increased for the third consecutive year. In 2021, imports stood at 8 323 tons, constituting a rise of 9.8% from the previous year. Over the 2018-2021 period, imports grew by 41.9%, with a compound annual growth rate of 12.4%.

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

From 2018 to 2021, beef, sheep, or goat fat imports to Chile were supplied almost exclusively by Argentina, which absorbed 94.1% of total import volumes.

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

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

Imports in value, K $ US

Beef, sheep, or goat fat shipments to Chile from abroad increased for the second consecutive year. In 2021, imports stood at 9 426 thousand US dollars, reflecting a steep increase of 62.9% year-over-year. Over the 2018-2021 period, imports rose by 85.5%, with a compound annual growth rate of 22.9%. The lowest value was recorded in 2019 at 4 852 thousand US dollars, which also saw the largest decline of 4.5%.

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

Throughout 2018-2021, Argentina played a dominant role in imports in value terms of beef, sheep, or goat fat to Chile, consistently accounting for 91.2% of total flows.

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

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