Australia and Oceania: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2023

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Australia and Oceania

The market for fresh or chilled pig meat other than cuts or carcases in Australia and Oceania amounted to $X in 2022, flattening at the previous year. In general, consumption showed a mild curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Australia and Oceania

In value terms, production of fresh or chilled pig meat other than cuts or carcases totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 70%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Australia (X tons) constituted the country with the largest volume of production of fresh or chilled pig meat other than cuts or carcases, comprising approx. 70% of total volume. Moreover, production of fresh or chilled pig meat other than cuts or carcases in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), twofold.

In Australia, production of fresh or chilled pig meat other than cuts or carcases contracted by an average annual rate of -4.2% over the period from 2012-2022.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports in Australia and Oceania

Exports of fresh or chilled pig meat other than cuts or carcases reduced sharply to X tons in 2022, dropping by -38.2% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 74%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases declined sharply to $X in 2022. In general, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2020 when exports increased by 121% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Australia prevails in carcases structure, reaching X tons, which was near 97% of total exports in 2022. New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fresh pork other than cuts or carcases exports from Australia stood at -5.5%. At the same time, New Zealand (+69.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +69.4% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +3.2 percentage points.

In value terms, Australia ($X) remains the largest fresh pork other than cuts or carcases supplier in Australia and Oceania, comprising 99% of total exports. The second position in the ranking was held by New Zealand ($X), with a 1% share of total exports.

In Australia, exports of fresh or chilled pig meat other than cuts or carcases plunged by an average annual rate of -2.8% 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 6.1% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fresh or chilled pig meat other than cuts or carcases increased by +54.8% against 2018 indices. The pace of growth was the most pronounced in 2016 when the export price increased by 28%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.8%).

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports in Australia and Oceania

In 2022, overseas purchases of fresh or chilled pig meat other than cuts or carcases decreased by -29.3% to X tons, falling for the sixth consecutive year after five years of growth. In general, imports faced a sharp downturn. The growth pace was the most rapid in 2014 with an increase of 36% against the previous year. Over the period under review, imports of hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases expanded to $X in 2022. Overall, imports showed a sharp reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 51%. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

New Zealand (X tons) and Guam (X tons) were the major importers of fresh or chilled pig meat other than cuts or carcases in 2022, resulting at approx. 27% and 22% of total imports, respectively. Northern Mariana Islands (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Australia (9%), Tonga (8.6%) and Papua New Guinea (6.9%). New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Tonga (with a CAGR of +23.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh pork other than cuts or carcases importing markets in Australia and Oceania were New Zealand ($X), Australia ($X) and Guam ($X), together comprising 64% of total imports.

In terms of the main importing countries, New Zealand, with a CAGR of +14.0%, saw the highest growth rate of the value of imports, 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, surging by 45% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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