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Australia - Meat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Australia - Meat - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Mar 10, 2024

Australia's Export of Meat Experiences a Significant Decrease, Dropping to $301M in December 2023.

Australia Meat Exports

In December 2023, after seven months of growth, there was significant decline in overseas shipments of meat, when their volume decreased by -64.5% to 65K tons. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in March 2023 with an increase of 38% month-to-month.

In value terms, meat exports shrank sharply to $301M (IndexBox estimates) in December 2023. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in February 2023 when exports increased by 30% month-to-month.Australia Meat Exports By Country (Million USD)

COUNTRYExport Value of Meat in Australia (million USD)
Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023
United States18712014619816517821726323524162.464.068.8
China15912414323125122521918418919966.062.668.1
United Arab Emirates28.321.323.426.926.426.123.520.323.723.316.416.417.3
South Korea13084.910414812512112313912111917.812.911.8
Malaysia18.114.620.123.716.316.722.016.514.716.77.27.211.0
Japan97.884.81451261081131331111121017.45.19.8
Indonesia20.715.935.041.926.329.631.445.043.738.61.11.21.8
Others185128154186166195201233214186739858112
Total8265947699828829059691,0119539259181,028301

Exports by Country

China (22K tons) was the main destination for meat exports from Australia, with a 33% share of total exports. Moreover, meat exports to China exceeded the volume sent to the second major destination, the United States (9.2K tons), twofold. The third position in this ranking was held by the United Arab Emirates (3.1K tons), with a 4.8% share.

From December 2022 to December 2023, the average monthly growth rate of volume to China stood at -2.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (-7.3% per month) and the United Arab Emirates (+0.2% per month).

In value terms, the largest markets for meat exported from Australia were the United States ($69M), China ($68M) and the United Arab Emirates ($17M), together accounting for 51% of total exports.

the United Arab Emirates, with a CAGR of -4.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Exports by Type

Lamb and sheep meat (61K tons) was the largest type of meat exported from Australia, accounting for a 94% share of total exports. Moreover, lamb and sheep meat exceeded the volume of the second product type, goat meat (3.6K tons), more than tenfold. The third position in this ranking was taken by meat of camels and other animals (217 tons), with a 0.3% share.

From December 2022 to December 2023, the average monthly rate of growth in terms of the volume of export of lamb and sheep meat amounted to +3.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: goat meat (+7.7% per month) and meat of camels and other animals (-1.9% per month).

In value terms, lamb and sheep meat ($284M) emerged as the largest type of meat exported from Australia, comprising 94% of total exports. The second position in the ranking was held by goat meat ($15M), with a 5.1% share of total exports. It was followed by meat of camels and other animals, with a 0.4% share.

From December 2022 to December 2023, the average monthly growth rate of the export volume of lamb and sheep meat totaled +1.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: goat meat (+4.9% per month) and meat of camels and other animals (-1.9% per month).

Export Prices by Country

In December 2023, the meat price stood at $4,609 per ton (FOB, Australia), waning by -17.5% against the previous month. In general, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in April 2023 an increase of 4.7% against the previous month. The export price peaked at $6,586 per ton in February 2023; however, from March 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was the United States ($7,478 per ton), while the average price for exports to China ($3,139 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the meat 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 1108 - Meat of asses
  • FCL 947 - Buffalo meat
  • FCL 1127 - Meat of camels
  • FCL 867 - Meat of cattle
  • FCL 870 - Meat of cattle, boneless
  • FCL 1017 - Goat meat
  • FCL 1097 - Horse meat
  • FCL 1111 - Meat of mules
  • FCL 1158 - Meat of other domestic camelids
  • FCL 1151 - Meat of other domestic rodents
  • FCL 1035 - Pig meat
  • FCL 1141 - Rabbit meat
  • FCL 977 - Meat of sheep

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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