Market research

Beef, sheep or goat fat market in Oceania

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Oceania" region includes following countries:

Australia

Christmas Island

Cocos (Keeling) Islands

Heard Island and McDonald Islands

New Zealand

Norfolk Island

Solomon Islands

Fiji

New Caledonia

Vanuatu

Papua New Guinea

Kiribati

Guam

Nauru

Northern Mariana Islands

United States Minor Outlying Islands

Micronesia

Marshall Islands

Palau

American Samoa

Cook Islands

French Polynesia

Niue

Pitcairn Islands

Tokelau

Tonga

Tuvalu

Wallis and Futuna Islands

Samoa

Earlier Report Observations

The market volume for beef, sheep, and goat fat in Oceania showed considerable movement from 2018 to 2023. It increased from 460 thousand tons to 535 thousand tons in 2019, then entered a downward trend, falling to 431 thousand tons in 2020 and further to 347 thousand tons by 2022. This was followed by a strong recovery in 2023, with the market volume rising to 483 thousand tons.

In 2024, the market environment was shaped by several developments. Meat & Livestock Australia launched a campaign to boost domestic consumer demand for goatmeat, while globally, regulatory influences on vegetable oil supply and high seasonal rendering activity in the EU contributed to rising animal fat prices. Concurrently, increased demand for beef tallow in the U.S. as an alternative to seed oils and the expansion of animal fat use in bio-lubricants indicated shifting industrial and consumer preferences.

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 Oceania
  1. 5.1.1. Annual dynamics of production in Oceania 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, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Australia in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  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, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2024, $ 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, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Australia in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  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, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2024, $ 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, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Australia in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  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, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2024, $ 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, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Australia in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  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, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2024, $ 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, 2018-2024
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 Oceania

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

Beef, sheep, and goat fat production in Oceania declined after two consecutive years of growth. In 2019, production reached its peak at 1 059 K t, but then fell to 981 K t in 2020, marking a 7.4% decrease from the previous year. The most significant increase occurred in 2018, when production rose by 6.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.9%	0.9%	(7.4%)	(0.0%)

Source: SHEV.io

In value, 2017-2020, M $ US

Following two years of decline, the value of beef, sheep, and goat fat production in Oceania increased. In 2019, output was valued at a low of 617.3 M $ US, but it rose to 674.1 M $ US in 2020, reflecting a modest 9.2% year-over-year growth. The largest decline was recorded in 2018, with a 6.6% drop.

Annual dynamics of production in Oceania in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.6%)	(1.4%)	9.2%	0.2%

Source: SHEV.io

Exports beef, sheep or goat fat from Oceania

Exports in kind, K t

Beef, sheep, and goat fat exports from Oceania reached 552.0 K t in 2020, representing a 5.1% increase compared to the previous year. In 2018, exports peaked at 589.7 K t, but then fell to a low of 525.1 K t in 2019, which saw the largest decline of 11.0%. The most significant increase occurred in 2018, with a 7.5% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.5%	(11.0%)	5.1%	0.2%

Source: SHEV.io

From 2017 to 2020, Singapore and China were the dominant destinations for beef, sheep, and goat fat exports from Oceania in volume terms, accounting for a combined 84.0% of total flows. The remaining share was distributed among other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

After two years of decline, the value of beef, sheep, and goat fat exports from Oceania increased. In 2019, export value was at a minimum of 306.0 M $ US, but it rose to 379.4 M $ US in 2020, equivalent to a 24.0% year-over-year increase. The largest decline was recorded in 2019, with a 13.0% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.1%)	(13.0%)	24.0%	0.4%

Source: SHEV.io

Between 2017 and 2020, Singapore and China concentrated the majority of beef, sheep, and goat fat export value from Oceania, while other markets represented a smaller portion.

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

Source: SHEV.io

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

Source: SHEV.io

Imports beef, sheep or goat fat to Oceania

Imports in kind, K t

The import market for beef, sheep, and goat fat in Oceania showed an unstable trend over the period. In 2018, imports were at their lowest at 0.4 K t, with the largest decline of 50.5% that year. By 2020, imports surged to 1.8 K t, the highest level, reflecting a sharp 156.6% increase from the prior year. This resulted in a 5.2-fold gap between the lowest and highest years.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(50.5%)	102.0%	156.6%	36.9%

Source: SHEV.io

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Following two years of growth, the value of beef, sheep, and goat fat imports into Oceania declined. In 2019, imports reached a maximum of 2.5 M $ US, but then fell to 1.5 M $ US in 2020, constituting a 38.9% year-over-year decrease. Over the 2017-2020 period, imports decreased by 8.5%, with a compound annual growth rate of -2.9%. The largest increase was recorded in 2018, with a 26.3% rise.

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