Australia and Oceania: Beef Market 2024

Beef Market Size in Australia and Oceania

The beef market in Australia and Oceania soared to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Beef Production in Australia and Oceania

In value terms, beef production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Australia (X tons) remains the largest beef producing country in Australia and Oceania, comprising approx. X% of total volume. Moreover, beef production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia was relatively modest.

In 2022, the average yield of beef (cattle meat) in Australia and Oceania dropped modestly to X kg per head, approximately reflecting 2021. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the beef yield hit record highs at X kg per head in 2021, and then shrank modestly in the following year.

The global number of animals slaughtered for beef production expanded rapidly to X heads in 2022, with an increase of X% on the previous year's figure. In general, the number of producing animals showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of producing animals peaked at X heads in 2015; however, from 2016 to 2022, producing animals failed to regain momentum.

Beef Exports

Exports in Australia and Oceania

In 2022, shipments abroad of beef (cattle meat) decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, beef exports rose sharply to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Australia was the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by New Zealand (X tons), constituting a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by New Zealand (with a CAGR of X%).

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

In Australia, beef exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Beef Imports

Imports in Australia and Oceania

In 2022, the amount of beef (cattle meat) imported in Australia and Oceania skyrocketed to X tons, with an increase of X% on the previous year. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, beef imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of beef imports in 2022 were French Polynesia (X tons), Australia (X tons), New Zealand (X tons) and Papua New Guinea (X tons), together reaching X% of total import. New Caledonia (X tons) held the next position in the ranking, followed by Fiji (X tons). All these countries together held near X% share of total imports. Samoa (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Samoa (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, French Polynesia ($X), Australia ($X) and New Zealand ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Papua New Guinea, New Caledonia, Fiji and Samoa lagged somewhat behind, together accounting for a further X%.

Samoa, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was French Polynesia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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