Australia and Oceania: Fresh Pork Cut Market 2024

Fresh Pork Cut Market Size in Australia and Oceania

The fresh pork cut market in Australia and Oceania rose markedly to $X in 2022, surging by X% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Fresh Pork Cut Production in Australia and Oceania

In value terms, fresh pork cut production stood at $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Australia (X tons) constituted the country with the largest volume of fresh pork cut production, comprising approx. X% of total volume. Moreover, fresh pork cut production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), tenfold.

In Australia, fresh pork cut production expanded at an average annual rate of X% over the period from 2012-2022.

Fresh Pork Cut Exports

Exports in Australia and Oceania

After three years of decline, shipments abroad of fresh or chilled hams, shoulders and cuts of pig meat increased by X% to X tons in 2022. Over the period under review, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, fresh pork cut exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Australia (X tons), together reaching X% of total export.

Australia was also the fastest-growing in terms of the fresh or chilled hams, shoulders and cuts of pig meat exports, with a CAGR of X% from 2012 to 2022. Australia (X p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest fresh pork cut supplier in Australia and Oceania.

In Australia, fresh pork cut exports contracted by 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, increasing by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh pork cut export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Fresh Pork Cut Imports

Imports in Australia and Oceania

After two years of decline, purchases abroad of fresh or chilled hams, shoulders and cuts of pig meat increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, fresh pork cut imports surged to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Samoa represented the key importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Micronesia (X tons), New Zealand (X tons) and New Caledonia (X tons), together creating a X% share of total imports. Papua New Guinea (X tons), Nauru (X tons) and Palau (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fresh pork cut imports into Samoa stood at X%. At the same time, Nauru (X%), New Caledonia (X%), New Zealand (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Nauru emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, Micronesia (X%) and Palau (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Samoa, New Zealand, New Caledonia, Nauru and Papua New Guinea increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh pork cut importing markets in Australia and Oceania were Samoa ($X), New Zealand ($X) and Micronesia ($X), together comprising X% of total imports.

New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by 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 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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 New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :