Market research

Beef, sheep or goat fat market in Venezuela

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

The market volume for bovine, sheep, and goat fats in Venezuela saw strong growth from 26,847 metric tons in 2018 to 44,708 metric tons in 2019. This expansion was supported by government-regulated rural credit programs offering low-cost financing for livestock, alongside less strict enforcement of fixed prices for beef and meat products. Additionally, the declaration of war crops and livestock in April 2019 granted special conditions for production chains, further stimulating output.

Following a slight dip to 42,451 metric tons in 2020, the market resumed its upward trajectory, reaching 46,121 metric tons in 2021. The overall growth trend persisted during this period, reflecting a recovering production base.

In 2022, the launch of the Agricultural Exchange with a USD 2 million investment and the signing of zoosanitary protocols with allied countries to enable exports helped push the market volume to a peak of 48,463 metric tons. However, by 2023, the combined effect of stabilized domestic consumption, high inflation, and low consumer purchasing power contributed to a contraction, bringing the market volume down to 46,539 metric tons.

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 Venezuela
  1. 5.1.1. Annual dynamics of production in Venezuela in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Venezuela 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, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, $ 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 Venezuela, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Venezuela 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, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, $ 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 Venezuela, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Venezuela 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, kg
    1. 7.1.2.1. Annual dynamics of product's exports from Venezuela in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's exports in kind from Venezuela by countries, 2018-2024, kg
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Venezuela in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Venezuela by countries, 2018-2024, $ 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 Venezuela, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Venezuela 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, kg
    1. 7.2.2.1. Annual dynamics of product's exports from Venezuela in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's exports in kind from Venezuela by countries, 2018-2024, kg
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Venezuela in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Venezuela by countries, 2018-2024, $ 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 Venezuela, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Venezuela by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, kg
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  2. 8.2.2. In value, $ 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 Venezuela

In kind, 2017-2020, t

Between 2017 and 2020, Venezuela ranked 28th globally in the production of beef, sheep, or goat fat.

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

In 2020, Venezuela produced 42 486 tonnes of beef, sheep, or goat fat, representing a 5.0% decrease compared to the previous year. Over the period from 2017 to 2020, production grew by 54.8%, which translates to an annualized growth rate of 15.7%. The lowest production level was recorded in 2018 at 26 847 tonnes, while the highest was in 2019 at 44 708 tonnes. The most significant increase occurred in 2019, with a jump of 66.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.2%)	66.5%	(5.0%)	15.7%

Source: SHEV.io

Exports beef, sheep or goat fat from Venezuela

Exports in kind, t

Annual dynamics of product's exports from Venezuela 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, Colombia accounted for nearly all of Venezuela's exports of beef, sheep, or goat fat in kind, holding a 100.0% share of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Venezuela 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

Throughout 2017–2020, Colombia dominated the geographical structure of Venezuela's exports of beef, sheep, or goat fat in value terms, with a 100.0% share of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports beef, sheep or goat fat to Venezuela

Imports in kind, t

The data shows irregular fluctuations, pointing to a volatile market environment. Import volumes reached their lowest point in 2019 and peaked in 2017, with a top-to-bottom ratio of 1 500 000 times. In 2020, Venezuela imported approximately 0.5 tonnes of beef, sheep, or goat fat, marking a year-over-year surge of 9 500.0%. The minimum value was recorded in 2019 at 0.0 tonnes, and the largest decline occurred in 2018, dropping by 100.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(100.0%)	(97.4%)	9 500.0%	(96.0%)

Source: SHEV.io

From 2017 to 2020, the United States was the dominant source for Venezuela's imports of beef, sheep, or goat fat in kind, consistently representing 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 Venezuela in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

The data indicates irregular changes, reflecting a volatile market environment. Values fell to their lowest point in 2019 after hitting a maximum in 2017, with a swing of 389 559 times. In 2020, Venezuela's imports of beef, sheep, or goat fat from abroad amounted to 2 thousand US dollars, showing a sharp year-over-year increase of 9 088.2%. The minimum value was recorded in 2019 at 0.0 thousand US dollars, and the largest decline was in 2018, at 100.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(100.0%)	(97.2%)	9 088.2%	(93.8%)

Source: SHEV.io

Between 2017 and 2020, 100.0% of Venezuela's imports of beef, sheep, or goat fat in value terms were directed to the United States, making this market overwhelmingly dominant.

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

Source: SHEV.io

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

Source: SHEV.io