Australia - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeef Prices in Australia Average $7,023 per Ton After 3% Drop
Australia Beef Export Price in December 2022
In December 2022, the beef price stood at $7,023 per ton (FOB, Australia), with a decrease of -3.2% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 an increase of 7.9% month-to-month. As a result, the export price reached the peak level of $8,542 per ton. From July 2022 to December 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($8,167 per ton), while the average price for exports to Indonesia ($4,060 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.0%), while the prices for the other major destinations experienced a decline.
| COUNTRY | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Price of Beef in Australia (USD per ton) | |||||||||||||
| United States | 8,669 | 8,893 | 9,558 | 9,207 | 9,463 | 9,411 | 9,959 | 9,889 | 8,981 | 8,984 | 8,137 | 7,753 | 8,167 |
| Taiwan (Chinese) | 7,961 | 8,595 | 8,918 | 10,264 | 8,870 | 8,995 | 8,977 | 9,038 | 9,569 | 8,414 | 8,092 | 7,845 | 7,272 |
| China | 8,129 | 7,763 | 8,399 | 8,034 | 7,532 | 8,780 | 10,942 | 7,927 | 8,087 | 7,660 | 7,349 | 7,483 | 6,897 |
| South Korea | 7,642 | 7,739 | 8,112 | 8,637 | 8,156 | 8,404 | 8,648 | 8,088 | 7,868 | 7,491 | 7,751 | 6,975 | 6,801 |
| Japan | 7,124 | 6,701 | 6,726 | 7,280 | 6,553 | 6,715 | 6,895 | 6,628 | 6,217 | 6,040 | 6,279 | 7,061 | 5,765 |
| Philippines | 4,456 | 4,038 | 3,901 | 4,041 | 4,450 | 4,174 | 4,373 | 4,291 | 4,474 | 4,367 | 4,785 | 4,271 | 4,141 |
| Indonesia | 3,204 | 3,227 | 3,169 | 3,937 | 4,856 | 4,717 | 4,602 | 4,555 | 5,072 | 3,751 | 3,481 | 3,651 | 4,060 |
| Average | 7,727 | 7,629 | 7,948 | 7,939 | 7,991 | 7,915 | 8,542 | 7,728 | 7,717 | 7,312 | 7,176 | 7,259 | 7,023 |
Australia Beef Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled ($13,963 per ton), while the average price for exports of meat; of bovine animals, carcasses and half-carcasses, fresh or chilled ($2,894 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for the following types: meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen (+0.5%), while the prices for the other products experienced a decline.
Australia Beef Exports
Beef exports from Australia rose significantly to 84K tons in December 2022, with an increase of 9.1% on November 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 28% against the previous month.
In value terms, beef exports rose markedly to $592M (IndexBox estimates) in December 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 with an increase of 27% m-o-m.
Australia Beef Exports by Type
Meat; of bovine animals, boneless cuts, frozen (57K tons) was the largest type of beef exported from Australia, accounting for a 67% share of total exports. Moreover, meat; of bovine animals, boneless cuts, frozen exceeded the volume of the second product type, meat; of bovine animals, boneless cuts, fresh or chilled (18K tons), threefold. The third position in this ranking was held by meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen (8.8K tons), with a 10% share.
From December 2021 to December 2022, the average monthly growth rate of the volume of export of meat; of bovine animals, boneless cuts, frozen stood at +1.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: meat; of bovine animals, boneless cuts, fresh or chilled (-1.1% per month) and meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen (-0.5% per month).
In value terms, meat; of bovine animals, boneless cuts, frozen ($340M), meat; of bovine animals, boneless cuts, fresh or chilled ($211M) and meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen ($32M) were the most exported types of beef (cattle meat) from Australia worldwide, together comprising 98% of total exports. Meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled and meat; of bovine animals, carcasses and half-carcasses, fresh or chilled lagged somewhat behind, together accounting for a further 1.7%.
Meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled, with a CAGR of +1.3%, recorded the highest rates of growth with regard to the value of exports, among the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.
Australia Beef Exports by Country
South Korea (17K tons), Japan (16K tons) and China (15K tons) were the main destinations of beef exports from Australia, with a combined 58% share of total exports. These countries were followed by the United States, Indonesia, Taiwan (Chinese) and the Philippines, which together accounted for a further 29%.
From December 2021 to December 2022, the biggest increases were in the United States (with a CAGR of +2.3%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for beef exported from Australia were the United States ($120M), South Korea ($116M) and China ($106M), with a combined 58% share of total exports. These countries were followed by Japan, Indonesia, Taiwan (Chinese) and the Philippines, which together accounted for a further 24%.
In terms of the main countries of destination, Indonesia, with a CAGR of +2.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the beef market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 947 - Buffalo meat
- FCL 867 - Meat of cattle
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
