Market research

Beef, sheep or goat fat market in Trinidad and Tobago

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for beef, sheep, and goat fats in Trinidad and Tobago fell sharply from 330 thousand tonnes in 2018 to 170 thousand tonnes in 2019 due to a collapse in imports. A steady recovery followed, with imports rising each year from 2020 to 2023, bringing the market back to 321 thousand tonnes by 2023.

In mid-2021, new fees on the importation of goats, pigs, and sheep were introduced under amended animal health regulations, increasing costs for livestock imports. Despite these higher costs, imports of animal fats continued to grow, reaching 287 thousand tonnes in 2023.

International support arrived in 2023 via a FAO-funded project aimed at expanding sheep and goat production, which aligned with a 5% increase in domestic fat output that year. Simultaneously, public calls for stronger animal welfare laws signaled ongoing regulatory evolution in the sector.

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 Trinidad and Tobago
  1. 5.1.1. Annual dynamics of production in Trinidad and Tobago in kind, 2018-2023, kg
  2. 5.1.2. Annual dynamics of production in Trinidad and Tobago 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, kg
  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, kg
  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 Trinidad and Tobago in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Trinidad and Tobago 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 Trinidad and Tobago in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Trinidad and Tobago 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 Trinidad and Tobago, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Trinidad and Tobago 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 Trinidad and Tobago in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Trinidad and Tobago 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 Trinidad and Tobago in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Trinidad and Tobago 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 Trinidad and Tobago, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Trinidad and Tobago by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Trinidad and Tobago in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Trinidad and Tobago by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Trinidad and Tobago in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Trinidad and Tobago by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Trinidad and Tobago, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Trinidad and Tobago by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Trinidad and Tobago in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Trinidad and Tobago by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Trinidad and Tobago in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Trinidad and Tobago by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Trinidad and Tobago, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Trinidad and Tobago by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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 Trinidad and Tobago

In kind, 2017-2020, kg

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

Trinidad and Tobago's production of beef, sheep, or goat fat rebounded after a two-year decline. In 2020, the country produced 35 810 kg, marking a significant 15.1% increase from the previous year. Over the 2017-2020 period, production grew by 8.4%, with a compound annual growth rate of 2.7%. The lowest production level was recorded in 2019 at 31 120 kg, which also saw the largest decline of 3.7%.

Annual dynamics of production in Trinidad and Tobago in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.1%)	(3.7%)	15.1%	2.7%

Source: SHEV.io

Exports beef, sheep or goat fat from Trinidad and Tobago

According to the sector overview, Trinidad and Tobago did not export any beef, sheep, or goat fat from 2017 to 2020.

Imports beef, sheep or goat fat to Trinidad and Tobago

Imports in kind, t

In 2020, Trinidad and Tobago imported 169.1 tonnes of beef, sheep, or goat fat, representing a strong 21.6% increase compared to 2019. Over the 2017-2020 period, imports decreased by 17.9%, with a compound annual decline rate of 6.4%. The lowest import volume was recorded in 2019 at 139.0 tonnes, which also saw the largest decline of 53.3%. In contrast, the highest import volume was in 2018 at 297.8 tonnes, which experienced the largest increase of 44.5%.

Annual dynamics of product's imports to Trinidad and Tobago in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	44.5%	(53.3%)	21.6%	(6.4%)

Source: SHEV.io

From 2017 to 2020, virtually all imports of beef, sheep, or goat fat to Trinidad and Tobago came from the United States, accounting for 100.0% of total flows.

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

Source: SHEV.io

World map of product's imports to Trinidad and Tobago in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

In 2020, the value of beef, sheep, or goat fat imports to Trinidad and Tobago totaled 180.7 thousand US dollars, up 23.0% year-over-year. Between 2017 and 2020, import value decreased by 35.6%, equating to an annualized decline of 13.7%. The lowest value was recorded in 2019 at 146.9 thousand US dollars, which also saw the largest decline of 63.3%. The highest value was in 2018 at 400.5 thousand US dollars, which experienced the largest increase of 42.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	42.7%	(63.3%)	23.0%	(13.7%)

Source: SHEV.io

From 2017 to 2020, the partner base for imports in value terms was extremely narrow, with the United States alone responsible for 100.0% of total flows.

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

Source: SHEV.io

World map of product's imports to Trinidad and Tobago in value, 2017-2020

Source: SHEV.io