Bovine and ovine fat trade by country: top importers, exporters and prices
World trade in bovine and ovine fat was worth $787.1 million in 2024, about 623.3 thousand tonnes. That is an increase of 452% since 2017, and down 28% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $787.1M | 623.3K t |
| 2023 | $1.10B | 811.0K t |
| 2022 | $854.4M | 719.7K t |
| 2021 | $652.4M | 522.5K t |
| 2020 | $480.0M | 538.8K t |
| 2019 | $177.3M | 231.7K t |
| 2018 | $155.8M | 192.9K t |
| 2017 | $142.5M | 160.0K t |
Top bovine and ovine fat exporting countries
Australia is the largest exporter with 34% of world exports, followed by Malaysia and France. The top three supply 54% between them, out of 85 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| Australia | $264.0M | 34% |
| Malaysia | $86.8M | 11% |
| France | $73.4M | 9.3% |
| India | $40.8M | 5.2% |
| New Zealand | $39.9M | 5.1% |
| Brazil | $37.5M | 4.8% |
| Uruguay | $28.3M | 3.6% |
| Argentina | $26.6M | 3.4% |
| Germany | $25.7M | 3.3% |
| Vietnam | $24.0M | 3.1% |
| United States | $20.5M | 2.6% |
| Poland | $14.9M | 1.9% |
Top importing countries and buyer markets
Singapore is the biggest buyer with 40% of world imports, ahead of Malaysia and Belgium. Demand is concentrated: the top three take 68% across 127 importing countries.
| Importer | Value | Share |
|---|---|---|
| Singapore | $311.7M | 40% |
| Malaysia | $174.7M | 22% |
| Belgium | $48.6M | 6.2% |
| Netherlands | $46.3M | 5.9% |
| China | $45.4M | 5.8% |
| Philippines | $27.1M | 3.4% |
| Spain | $22.7M | 2.9% |
| United States | $14.6M | 1.9% |
| Germany | $11.4M | 1.5% |
| Egypt | $10.8M | 1.4% |
| South Africa | $7.7M | 1% |
| Israel | $7.6M | 1% |
Average price per kg
The world average declared value was about $1.26 per kg in 2024. Among the main exporters, New Zealand averaged $1.48 per kg and Malaysia $1.04 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Related product types
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 1502.90: Fats of bovine animals, sheep or goats: excluding tallow, and other than those of heading 1503. HS 1502 codes.
Common questions
Which countries export the most bovine and ovine fat?
Australia exported $264.0 million in 2024, 34% of the world total, followed by Malaysia (11%) and France (9%). In all, 85 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most bovine and ovine fat?
Singapore imported $311.7 million in 2024, 40% of world imports, ahead of Malaysia (22%) and Belgium (6%). The top three importers together take 68%. Each country with its own page is linked from the table.
How big is the world trade in bovine and ovine fat?
It was worth $787.1 million in 2024, about 623.3 thousand tonnes. That is an increase of 452% since 2017. The peak year was 2023 at $1.10 billion. 85 countries reported exports and 127 reported imports.
What is the average price of bovine and ovine fat per kg?
The world average declared value was about $1.26 per kg in 2024. Among the main exporters, New Zealand averaged $1.48 per kg and Malaysia $1.04 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for bovine and ovine fat?
The HS code for bovine and ovine fat is subheading 1502.90, in chapter 15 (animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 1502 page.
How can I find bovine and ovine fat buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
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