Market research

Beef, sheep or goat fat market in Sri Lanka

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 market for bovine animal, sheep, and goat fats in Sri Lanka contracted from 1 884 tonnes to 1 147 tonnes, primarily due to a sharp decline in imports. Imports fell from 736 tonnes in 2018 to zero by 2020, coinciding with government programs aimed at achieving self-sufficiency in the dairy sector. These initiatives included importing improved cattle breeds and establishing thousands of dairy farms to boost domestic production.

However, domestic fat production failed to offset the loss of imports. Output remained in the range of 1 100–1 200 tonnes but gradually declined from 1 155 tonnes in 2019 to 1 083 tonnes in 2023. This drop was linked to persistent industry challenges, such as shortages of quality animal feed and limited access to veterinary drugs, which negatively affected animal health and fat yield.

State-owned entities like the National Livestock Development Board played a central role in implementing support programs, including herd genetics improvement. Despite these efforts, structural constraints—especially feed quality issues—prevented production growth, and the market stabilized around 1 100 tonnes after 2020.

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 Sri Lanka
  1. 5.1.1. Annual dynamics of production in Sri Lanka in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Sri Lanka 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, 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, 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. 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 Sri Lanka in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Sri Lanka 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 Sri Lanka in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Sri Lanka 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 Sri Lanka, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Sri Lanka 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 Sri Lanka in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Sri Lanka 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 Sri Lanka in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Sri Lanka 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 Sri Lanka, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Sri Lanka by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production beef, sheep or goat fat in Sri Lanka

In kind, 2017-2020, 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

Sri Lanka produced 1,147.4 tons of beef, sheep, or goat fat in 2020, marking a 0.7% decrease from the previous year. Production peaked in 2019 at 1,155.3 tons, which also saw the largest annual increase of 0.6%.

Annual dynamics of production in Sri Lanka in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.2%)	0.6%	(0.7%)	(0.1%)

Source: SHEV.io

Exports beef, sheep or goat fat from Sri Lanka

Exports in kind, t

Annual dynamics of product's exports from Sri Lanka 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, Maldives was the sole destination for Sri Lanka's exports of beef, sheep, or goat fat in kind, accounting for 100.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Sri Lanka 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

Between 2017 and 2020, Maldives dominated the geographical structure of Sri Lanka's beef, sheep, or goat fat exports in value terms, representing 100.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports beef, sheep or goat fat to Sri Lanka

Imports in kind, t

Sri Lanka's imports of beef, sheep, or goat fat in kind fell for the second year in a row. In 2019, imports totaled 486 tons, a sharp 34.0% drop from 2018. Over the period from 2017 to 2019, imports declined by 69.5%, averaging an annualized decrease of 32.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(53.8%)	(34.0%)	n/a	-

Source: SHEV.io

From 2017 to 2020, New Zealand and Australia were the primary sources for Sri Lanka's imports in kind, together accounting for 98.5% of total flows, with other countries making minor contributions.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Sri Lanka's imports of beef, sheep, or goat fat in value terms decreased for the second consecutive year. In 2019, imports amounted to 262.6 thousand US dollars, reflecting a steep 61.6% decline compared to 2018. Between 2017 and 2019, imports fell by 71.5%, equivalent to an annualized rate of 34.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(25.6%)	(61.6%)	n/a	-

Source: SHEV.io

During 2017–2020, Australia and New Zealand led Sri Lanka's imports in value terms, jointly representing 97.2% of total flows, while other destinations had smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io