Australia and Oceania: Meat Market 2024

Meat Market Size in Australia and Oceania

In 2022, the meat market in Australia and Oceania decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2021, and then fell modestly in the following year.

Meat Production in Australia and Oceania

In value terms, meat 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 growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Australia (X tons) constituted the country with the largest volume of meat production, accounting for X% of total volume. Moreover, meat production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), threefold.

In Australia, meat production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

In 2022, the average meat yield in Australia and Oceania amounted to X kg per head, therefore, remained relatively stable against 2021 figures. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2021 to 2022, the growth of the meat yield remained at a lower figure.

In 2022, number of animals slaughtered for meat production in Australia and Oceania rose slightly to X heads, surging by X% against the previous year's figure. In general, the number of producing animals saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the number of producing animals increased by X%. Over the period under review, this number hit record highs at X heads in 2015; however, from 2016 to 2022, producing animals stood at a somewhat lower figure.

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Meat Exports

Exports in Australia and Oceania

In 2022, shipments abroad of meat decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat exports expanded 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 in certain years. The pace of growth was the most pronounced in 2014 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Australia represented the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by New Zealand (X tons), making up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of X%).

In value terms, Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Australia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, 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 growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

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 amounted to $X per ton.

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

Meat Imports

Imports in Australia and Oceania

In 2022, approx. X tons of meat were imported in Australia and Oceania; growing by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, meat imports expanded to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X tons) was the major importer of meat, constituting X% of total imports. It was distantly followed by New Zealand (X tons) and Papua New Guinea (X tons), together mixing up a X% share of total imports. The following importers - French Polynesia (X tons) and Fiji (X tons) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to meat imports into Australia stood at X%. At the same time, New Zealand (X%) and Fiji (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. French Polynesia experienced a relatively flat trend pattern. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Papua New Guinea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, meat imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and French Polynesia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then fell slightly in the following year.

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