Fats of bovine animals, sheep or goats: excluding tallow, and other than those of heading 1503

In 2024, fats of bovine animals, sheep or goats: excluding tallow, and other than those of heading 1503 trade exhibited slight decline, with global flows reaching $612,045,108 and a three-year compound annual growth rate of +7.8% (five-year: +31.6%). The all-time peak of $744,746,657 was recorded in 2022; the current level is 18% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-6.1% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.127). The three largest exporters — Australia ($176.8M), Malaysia ($85.8M), and France ($55.1M) — collectively dominate supply flows. The leading exporter has grown at +75.0% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.199). The three largest import markets are Singapore ($240.9M), Malaysia ($101.6M), and China ($48.2M). The largest importing market sources from 10 different supplying countries.

The dominant trade corridor is Australia → Singapore at $98.0M, representing 40.7% of the importer's total demand.

The volatility score for fats of bovine animals, sheep or goats: excluding tallow, and other than those of heading 1503 is 9 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.