Market research

Beef, sheep or goat fat market in 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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Earlier Report Observations

From 2018 to 2020, the domestic market for beef, sheep, and goat fats in New Zealand grew from 117 800 t to 151 100 t. However, in 2021, the market volume contracted to 128 300 t.

The market rebounded to 144 100 t in 2022 and then surged to 200 200 t in 2023. This increase coincided with global logistics and shipping disruptions and record-high grain prices, which constrained export flows and increased domestic availability. At the same time, declining sheep and beef cattle numbers limited production growth.

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 New Zealand
  1. 5.1.1. Annual dynamics of production in New Zealand in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in New Zealand 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 New Zealand in kind, 2018-2025, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from New Zealand 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 New Zealand in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from New Zealand 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from New Zealand, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from New Zealand by countries, 2018-2025, $ US/t
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 New Zealand in kind, 2018-2025, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from New Zealand 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 New Zealand in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from New Zealand 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/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from New Zealand, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from New Zealand by countries, 2018-2025, $ US/t
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 New Zealand in kind, 2018-2025, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to New Zealand 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 New Zealand in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to New Zealand 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/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to New Zealand, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to New Zealand by countries, 2018-2025, $ US/t
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 New Zealand in kind, 2018-2025, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to New Zealand 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 New Zealand in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to New Zealand 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/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to New Zealand, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to New Zealand by countries, 2018-2025, $ US/t
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 New Zealand

In kind, 2018-2021, K t

From 2018 to 2021, New Zealand maintained the 8th position globally in terms of beef, sheep, or goat fat production volume.

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

New Zealand's production of beef, sheep, or goat fat increased for the third consecutive year. In 2021, the country produced 275.4 K t, representing a modest gain of 3.2% compared to the previous year. Over the 2018-2021 period, production grew by 4.7%, with a compound annual growth rate of 1.6%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.6%	0.8%	3.2%	1.6%

Source: SHEV.io

Exports beef, sheep or goat fat from New Zealand

Exports in kind, K t

Following two years of decline, New Zealand's exports of beef, sheep, or goat fat rebounded in 2021. Exports reached 147.8 K t, showing a significant rise of 27.1% from 2020. The lowest volume was recorded in 2020 at 116.3 K t, while the largest decline occurred in 2019 with an 18.7% drop.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(18.7%)	(3.0%)	27.1%	0.1%

Source: SHEV.io

Between 2018 and 2021, New Zealand's exports of beef, sheep, or goat fat were primarily directed toward Singapore and China. Together, these two markets accounted for 84.1% of total export flows, with other destinations playing a minor role.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

The market displayed an unstable trend throughout the period. Export volumes varied 2.5 times from the low in 2019 to the high in 2021. In 2021, New Zealand exported 173.7 M $ US worth of beef, sheep, or goat fat, reflecting a substantial gain of 110.4% compared to 2020. The minimum value was recorded in 2019 at 70.0 M $ US, with the largest decline also occurring that year at 21.5%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(21.5%)	17.9%	110.4%	24.9%

Source: SHEV.io

From 2018 to 2021, the structure of exports in value terms was led by Singapore (53.4% of exports), China (23.5%), and the United States (15.9%). Together, these three countries represented 92.8% 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 New Zealand in value, 2018-2021

Source: SHEV.io

Imports beef, sheep or goat fat to New Zealand

Imports in kind, K t

Market performance showed noticeable fluctuations during the period. Import volumes peaked in 2019 and fell to their lowest point in 2021, with a top-to-bottom ratio of 4.5 times. In 2021, New Zealand's imports of beef, sheep, or goat fat amounted to 0.7 K t, which was 7.5% lower than the previous year. The maximum volume was recorded in 2019 at 3.0 K t. The largest decline occurred in 2020 with a 76.2% drop, while the largest increase was in 2019 at 26.6%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	26.6%	(76.2%)	(7.5%)	(34.7%)

Source: SHEV.io

Throughout 2018-2021, Australia dominated the partner structure of imports in kind, consistently accounting for 91.4% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

In 2021, New Zealand's imports of beef, sheep, or goat fat totaled 0.8 M $ US, marking a substantial increase of 18.3% compared to the previous year. Over the 2018-2021 period, imports decreased by 55.7%, with a compound annual growth rate of -23.8%. The minimum value was recorded in 2020 at 0.7 M $ US, while the maximum was in 2019 at 2.3 M $ US. The largest decline occurred in 2020 with a 69.8% drop, and the largest increase was in 2019 at 24.1%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	24.1%	(69.8%)	18.3%	(23.8%)

Source: SHEV.io

From 2018 to 2021, imports in value terms of beef, sheep, or goat fat to New Zealand were almost entirely tied to Australia, which accounted for 94.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io