The global export market for bovine, sheep, and goat fats has seen significant dynamics among major players. As of 2023, Australia leads with a robust 21.16% market share, followed by the United States and Canada. Canada and India's export values grew over 5% year on year, with notable increases also seen in South Africa and Chile. In contrast, traditional exporters like the United States and Denmark faced declines. Over the last five years, the compounded annual growth rate (CAGR) shows that these markets remain volatile, with some countries experiencing double-digit fluctuations.
Looking forward, expect shifts as emerging markets like India and South Africa gain more traction. Economic factors and global trade policies will greatly influence these trends. Market diversification and rising demand in developing economies could lead to more balanced export shares, challenging established exporters.
Top countries in Export of Bovine, Sheep and Goat Fats Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 21.16 | 2023 | +0.24% | +0.96% | View data |
| 2 | 2 United States | 18.23 | 2023 | -5.25% | -5.32% | View data |
| 3 | 3 Canada | 11.97 | 2023 | +2.15% | +5.26% | View data |
| 4 | 4 France | 7.3 | 2023 | +1.52% | +1.07% | View data |
| 5 | 5 New Zealand | 6.87 | 2023 | -0.16% | +0.0078% | View data |
| 6 | 6 United Kingdom | 5.33 | 2023 | +1.85% | +3.4% | View data |
| 7 | 7 Germany | 4.81 | 2023 | +1.22% | +1.39% | View data |
| 8 | 8 Ireland | 4.7 | 2023 | +2.54% | +5.54% | View data |
| 9 | 9 Uruguay | 2.64 | 2023 | +0.033% | +0.62% | View data |
| 10 | 10 India | 2.42 | 2023 | +5.69% | +6.97% | View data |
