Market research

Beef, sheep or goat fat market in Montenegro

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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Earlier Report Observations

From 2018 to 2023, the market for bovine, sheep, and goat fats in Montenegro showed an overall upward trend, growing from 354.6 t to 508.3 t. The market reached a peak of 444.8 t in 2019, followed by a moderate decline to 426.3 t in 2020 and a slight decrease to 419 t in 2021, before a strong rebound to 507.8 t in 2022.

Domestic production increased steadily throughout the period, rising from 195.6 t in 2018 to 325.8 t in 2023. Imports were more volatile, peaking at 197.4 t in 2019, dropping to 116 t in 2021, and then recovering to 187 t in 2022, which contributed to fluctuations in total market volume.

In 2023, the market stabilized at 508.3 t, with domestic production accounting for 325.8 t and imports providing 182.5 t, reflecting a continued reliance on both local and foreign supply.

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 Montenegro
  1. 5.1.1. In kind, 2018-2023, K t
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K t
  2. 5.2.2. In value, 2018-2024, M $ US
3. 5.3. Global production by Country, 2018-2023
  1. 5.3.1. Global Production by Country in kind
    1. 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, t
    2. 5.3.1.2. Structure of production by countries in kind, 2018-2023
    3. 5.3.1.3. 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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Montenegro in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Montenegro by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Montenegro in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Montenegro by countries, 2018-2024, K $ 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 Montenegro, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Montenegro 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, t
    1. 6.2.2.1. Annual dynamics of product's imports to Montenegro in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Montenegro by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Montenegro in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Montenegro by countries, 2018-2024, K $ 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 Montenegro, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Montenegro 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, t
    1. 7.1.2.1. Annual dynamics of product's exports from Montenegro in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Montenegro by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Montenegro in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Montenegro by countries, 2018-2024, K $ 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 Montenegro, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Montenegro 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, t
    1. 7.2.2.1. Annual dynamics of product's exports from Montenegro in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Montenegro by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Montenegro in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Montenegro by countries, 2018-2024, K $ 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 Montenegro, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Montenegro by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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 Montenegro

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

Montenegro's production of beef, sheep, or goat fat rose for the second year in a row. In 2019, output reached its lowest point at 0.2 thousand tonnes, but it rebounded strongly in 2020 to 0.3 thousand tonnes, marking a 4.0% increase from the previous year. The most significant growth occurred in 2019, with a surge of 37.4%, while 2018 saw the largest decline of 5.7%. Over the 2017-2020 period, production expanded by 34.8%, averaging an annual growth rate of 10.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.7%)	37.4%	4.0%	10.5%

Source: SHEV.io

Exports beef, sheep or goat fat from Montenegro

Exports in kind, t

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Serbia was the exclusive partner for Montenegro's exports of beef, sheep, or goat fat in kind, consistently representing 100.0% of total shipments throughout this timeframe.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

In value terms, Serbia dominated Montenegro's exports of beef, sheep, or goat fat from 2017 to 2020, accounting for 100.0% of total flows each year.

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

Source: SHEV.io

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

Source: SHEV.io

Imports beef, sheep or goat fat to Montenegro

Imports in kind, t

Following two years of growth, Montenegro's imports of beef, sheep, or goat fat in kind dropped in 2020. Volumes peaked in 2019 at 197.4 tonnes but fell to 146.8 tonnes in 2020, a decrease of 25.6% year-on-year. The most substantial increase happened in 2018, rising by 58.5%. Overall, imports grew by 46.4% from 2017 to 2020, with a compound annual growth rate of 13.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	58.5%	24.2%	(25.6%)	13.5%

Source: SHEV.io

Between 2017 and 2020, Austria and Germany were the top sources for Montenegro's imports in kind, jointly making up 85.9% of the total. The remainder was spread across various other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The market showed volatility over the period. Imports in value terms hit a low in 2017 and climbed to a high in 2019, with a 2.1-fold difference between these years. In 2020, Montenegro imported about 126.5 thousand US dollars worth of beef, sheep, or goat fat, down 23.4% from the previous year. The peak was in 2019 at 165.1 thousand US dollars, and the largest jump occurred in 2018, with an 80.1% increase.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	80.1%	19.0%	(23.4%)	18.0%

Source: SHEV.io

From 2017 to 2020, Austria and Germany served as the primary markets for Montenegro's imports in value terms, together contributing 84.3% of total flows. Other destinations held smaller shares in comparison.

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

Source: SHEV.io

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

Source: SHEV.io