Australia and Oceania: Frozen Pork Carcase Market 2024

Frozen Pork Carcase Market Size in Australia and Oceania

In 2022, the frozen pork carcase market in Australia and Oceania was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Frozen Pork Carcase Production in Australia and Oceania

In value terms, frozen pork carcase production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 38%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Australia (X tons) remains the largest frozen pork carcase producing country in Australia and Oceania, comprising approx. 100% of total volume.

In Australia, frozen pork carcase production increased at an average annual rate of +1.2% over the period from 2012-2022.

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Frozen Pork Carcase Exports

Exports in Australia and Oceania

In 2022, frozen pork carcase exports in Australia and Oceania soared to X tons, jumping by 27% against the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 153%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen pork carcase exports dropped to $X in 2022. Over the period under review, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 274%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, reaching X tons, which was approx. 94% of total exports in 2022. It was distantly followed by New Zealand (X tons), achieving a 5.7% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of frozen carcases of pig meat. New Zealand (-6.9%) illustrated a downward trend over the same period. Australia (+4.9 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -4.9% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest frozen pork carcase supplier in Australia and Oceania, comprising 91% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 8.6% share of total exports.

In Australia, frozen pork carcase exports decreased by an average annual rate of -9.2% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by -24.8% against the previous year. Over the period under review, the export price saw a deep slump. The growth pace was the most rapid in 2015 an increase of 181% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-3.0%).

Frozen Pork Carcase Imports

Imports in Australia and Oceania

In 2022, approx. X tons of frozen carcases of pig meat were imported in Australia and Oceania; surging by 49% compared with the year before. Overall, imports showed a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, frozen pork carcase imports surged to $X in 2022. Over the period under review, imports recorded a slight expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 120% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X tons) represented the major importer of frozen carcases of pig meat, achieving 54% of total imports. French Polynesia (X tons) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by Micronesia (6.9%), Papua New Guinea (5.6%) and Marshall Islands (5.4%). Nauru (X tons) followed a long way behind the leaders.

Imports into New Zealand increased at an average annual rate of +10.0% from 2012 to 2022. At the same time, Marshall Islands (+33.5%), French Polynesia (+10.9%) and Nauru (+2.9%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +33.5% from 2012-2022. By contrast, Papua New Guinea (-8.3%) and Micronesia (-9.3%) illustrated a downward trend over the same period. New Zealand (+29 p.p.), French Polynesia (+14 p.p.) and Marshall Islands (+5.1 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea and Micronesia saw its share reduced by -10.5% and -15.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported frozen carcases of pig meat in Australia and Oceania, comprising 52% of total imports. The second position in the ranking was held by French Polynesia ($X), with a 19% share of total imports. It was followed by Papua New Guinea, with a 12% share.

In New Zealand, frozen pork carcase imports expanded at an average annual rate of +8.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: French Polynesia (+0.8% per year) and Papua New Guinea (-1.1% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, shrinking by -7.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 56%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a 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 Papua New Guinea ($X per ton), while Micronesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+7.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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