Earlier Report Observations
From 2018 to 2021, the market volume for beef, sheep, and goat fats in Seychelles showed consistent growth, expanding from 577 kg to 1 065 kg, an increase of 85%. The rise was particularly sharp in 2021, when the market grew by 35% to over one metric ton.
After peaking in 2021, the market contracted by 26% in 2022 to 785 kg and fell a further 12% in 2023 to 690 kg, bringing it back to levels similar to 2019.
In 2024, imports of these fats surged to 5 434 kg, more than 67 times the previous year's volume. This increase occurred within a regulatory environment characterized by strict controls on the importation of animal products, including mandatory permits, quarantine requirements, and measures to protect local biodiversity.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Seychelles
- 5.1.1. Annual dynamics of production in Seychelles in kind, 2018-2023, kg
- 5.1.2. Annual dynamics of production in Seychelles in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Seychelles
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, kg
- 6.1.2.1. Annual dynamics of product's imports to Seychelles in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Seychelles by countries, 2018-2024, kg
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, $ US
- 6.1.3.1. Annual dynamics of product's imports to Seychelles in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Seychelles by countries, 2018-2024, $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Seychelles, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Seychelles by countries, 2018-2024, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, kg
- 6.2.2.1. Annual dynamics of product's imports to Seychelles in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Seychelles by countries, 2018-2024, kg
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, $ US
- 6.2.3.1. Annual dynamics of product's imports to Seychelles in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Seychelles by countries, 2018-2024, $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Seychelles, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Seychelles by countries, 2018-2024, $ US/kg
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6.1. Imports (Direct Data)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, kg
- 7.1.2. In value, $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, kg
- 7.2.2. In value, $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2024
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production beef, sheep or goat fat in Seychelles
In kind, 2017-2020, kg
Top producers of beef, sheep or goat fat, 2017-2020
World map of production of beef, sheep or goat fat, 2017-2020
Seychelles saw its production of beef, sheep, or goat fat rise for the second year in a row. In 2020, the country produced 760.0 kg, marking a 24.6% increase from the previous year. Over the 2017-2020 period, production grew by 31%, with a compound annual growth rate of 9.4%. The lowest production level was in 2018 at 560.0 kg, which also saw the largest decline of 3.4%.
Annual dynamics of production in Seychelles in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (3.4%) | 8.9% | 24.6% | 9.4% |
Exports beef, sheep or goat fat from Seychelles
According to market research, Seychelles did not export any beef, sheep, or goat fat from 2017 to 2020.
Imports beef, sheep or goat fat to Seychelles
Imports in kind, kg
The market showed significant fluctuations during this period. Import levels varied widely, with a 34-fold difference between the peak in 2017 and the low in 2018. In 2020, imports of foreign beef, sheep, or goat fat into Seychelles totaled 28.2 kg, a sharp drop of 38.2% compared to 2019. The minimum import volume was recorded in 2018 at 16.8 kg, which also experienced the largest decline of 97.0%. The largest increase occurred in 2019, with a rise of 172.5%.
Annual dynamics of product's imports to Seychelles in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (97.0%) | 172.5% | (38.2%) | (63.1%) |
From 2017 to 2020, Australia accounted for 81.2% of total imports by volume, while the remaining share was distributed among several other countries, each with smaller individual contributions.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Seychelles in kind, 2017-2020
Imports in value, $ US
The data points to irregular changes, reflecting a volatile market. Import values reached their highest point in 2017 and fell to their lowest in 2018, showing a 4.1-fold shift. In 2020, Seychelles imported 687.8 US dollars worth of beef, sheep, or goat fat, a significant increase of 113.9% year-over-year. The minimum value was in 2018 at 234.7 US dollars, which also saw the largest decline of 75.8%.
Annual dynamics of product's imports to Seychelles in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (75.8%) | 37.0% | 113.9% | (10.8%) |
During the 2017-2020 period, the United Arab Emirates and Australia were the leading suppliers of beef, sheep, or goat fat to Seychelles in value terms, together making up 89.0% of total imports. Other sources each held relatively minor shares.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Seychelles in value, 2017-2020
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