Australia and Oceania: Beef Market 2020

Beef Market Size in Australia and Oceania

The revenue of the beef market in Australia and Oceania amounted to $-X in 2017, picking up by X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2014, when market value increased by X% y-o-y. Over the period under review, the beef market reached its maximum level of $-X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Beef Production in Australia and Oceania

In 2017, production of beef (cattle meat) in Australia and Oceania totaled X tons, approximately equating the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2008, when the output figure increased by X% y-o-y. Over the period under review, the beef production attained its peak figure volume in 2017, and is likely to see steady growth in the immediate term. The general positive trend in terms of beef output was largely conditioned by a mild expansion of the number of producing animals and a relatively flat trend pattern in yield figures.

New Zealand (X tons) constituted the country with the largest volume of beef production, comprising approx. X% of total production.

In New Zealand, beef production increased at an average annual rate of +X% over the period from 2007-2017.

Beef Exports in Australia and Oceania

In 2017, approx. X tons of beef (cattle meat) were exported in Australia and Oceania; reducing by -X% against the previous year. The beef exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, when exports increased by X% against the previous year. The volume of exports peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, beef exports stood at $X in 2017. The total exports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the beef exports decreased by -X% against 2015 indices. The level of exports peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Beef Exports by Country in Australia and Oceania

Australia represented the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by New Zealand (X tons), committing X% share of total exports.

Australia experienced a relatively flat trend pattern of beef (cattle meat) exports. At the same time, New Zealand (+X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest growing exporter in Australia and Oceania, with a CAGR of +X% from 2007-2017. While the share of Australia (X%) increased significantly in terms of the global exports from 2007-2017, the share of New Zealand (-X%) displayed negative dynamics.

In value terms, Australia ($X) remains the largest beef supplier in Australia and Oceania, making up X% of global exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of global exports.

From 2007 to 2017, the average annual rate of growth in terms of value in Australia amounted to +X%.

Beef Export Prices by Country in Australia and Oceania

In 2017, the beef export price in Australia and Oceania amounted to $X per ton, coming up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2010, when the export prices increased by X% against the previous year. The level of export price peaked in 2017, and is expected to retain its growth in the immediate term.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Australia ($X per ton) and New Zealand ($X per ton), while New Zealand ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by New Zealand (+X% per year).

Beef Imports in Australia and Oceania

The imports totaled X tons in 2017, falling by -X% against the previous year. The beef imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, with an increase of X% y-o-y. Over the period under review, the beef imports reached its maximum volume of X tons in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, beef imports totaled $X in 2017. The total imports indicated a perceptible expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the beef imports decreased by -X% against 2012 indices. The level of imports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Beef Imports by Country in Australia and Oceania

The imports of the four major importers of beef (cattle meat), namely New Zealand, French Polynesia, Papua New Guinea and Australia, represented more than two-thirds of total import. It was distantly followed by New Caledonia (X tons) and Fiji (X tons), together making up X% share of total imports. Tonga (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Tonga (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets worldwide were French Polynesia ($X), New Zealand ($X) and Papua New Guinea ($X), with a combined X% share of total imports. New Caledonia, Australia, Fiji and Tonga lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries , Tonga (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Beef Import Prices by Country in Australia and Oceania

The beef import price in Australia and Oceania stood at $X per ton in 2017, going up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011, when the import prices increased by X% y-o-y. Over the period under review, the import prices for beef (cattle meat) attained its peak figure level in 2017, and is expected to retain its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was New Caledonia ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Papua New Guinea (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform