Beef, sheep or goat fat market in Thailand

Earlier Report Observations

The market for beef, sheep, and goat fat in Thailand expanded sharply in 2019, reaching 11 421 t, a 34% increase from the previous year. This growth was propelled by high demand for goats and sheep in domestic and neighboring markets, supported by the formation of community enterprises and government initiatives like the Lanna Goat-Sheep Project, which improved breeding practices and market linkages.

After the peak, market volume contracted to 8 372 t in 2020 before recovering to 9 168 t in 2021. The rebound was aided by the 18th National Goat Fair, which promoted halal market opportunities, and a Department of Livestock Development project to expand fodder crop area by 50 000 rai, reducing feed costs for producers.

The market then declined to 8 310 t in 2022 and stabilized at 8 280 t in 2023. Throughout the period, trade events like VIV Asia and Meat facilitated industry networking, while farmer groups engaged in sire exchange to maintain herd genetics and control expenses.

Production beef, sheep or goat fat in Thailand

In kind, 2017-2020, t

Top producers of beef, sheep or goat fat, 2017-2020

World map of production of beef, sheep or goat fat, 2017-2020

In 2020, Thailand produced 7 008 tonnes of beef, sheep, or goat fat, marking a significant 12.5% decrease from the previous year. Looking at the broader period from 2017 to 2020, production fell by 15.6%, which translates to an average annual decline of 5.5%. The only notable increase occurred in 2019, with a modest rise of 1.5%.

Annual dynamics of production in Thailand in kind, 2017-2020, t

Exports beef, sheep or goat fat from Thailand

Exports in kind, t

In 2020, Thailand exported 35 tonnes of beef, sheep, or goat fat, showing little change compared to 2019. Over the period from 2018 to 2020, exports surged dramatically by 4 762.8%, representing a compound annual growth rate of 265.0%.

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

From 2017 to 2020, India was the dominant partner for Thailand's exports in kind, consistently accounting for 98.0% of the total volume.

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

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

Exports in value, K $ US

In 2020, the value of Thailand's beef, sheep, or goat fat exports was 20 thousand US dollars, remaining largely stable year-over-year. Between 2018 and 2020, export value increased sharply by 758.1%, equating to an annualized growth rate of 104.7%.

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

During 2017–2020, India and Oman were the primary buyers of beef, sheep, or goat fat from Thailand, together representing 100.0% of total export value.

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

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

Imports beef, sheep or goat fat to Thailand

Imports in kind, t

The import market for beef, sheep, or goat fat in Thailand experienced notable fluctuations during this period. In 2020, imports totaled 1 400 tonnes, reflecting a steep 58.9% decline from the previous year. The lowest import volume was recorded in 2018 at 634 tonnes, while the peak occurred in 2019 with 3 409 tonnes, resulting in a 5.4-fold difference between these two years. The largest increase was observed in 2019, with a jump of 437.5%.

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

From 2017 to 2020, Australia and New Zealand were the leading suppliers of beef, sheep, or goat fat to Thailand, jointly accounting for 90.7% of total imports in kind. Other sources contributed relatively minor shares.

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

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

Imports in value, K $ US

Thailand's import value for beef, sheep, or goat fat showed significant volatility during this period. In 2020, imports amounted to 1 236 thousand US dollars, with only a slight fluctuation compared to the previous year. The lowest value was in 2018 at 577 thousand US dollars, while the highest was in 2019 at 1 238 thousand US dollars, marking a 2.1-fold increase from trough to peak. The largest decline occurred in 2018 at 17.2%, and the largest increase was in 2019 at 114.7%.

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

Between 2017 and 2020, three key markets—Australia, New Zealand, and the Philippines—collectively accounted for 66.6% of the total import value of beef, sheep, or goat fat into Thailand.

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

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