Australia and Oceania: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Australia and Oceania

The preserved cows meat market in Australia and Oceania expanded markedly to $X in 2022, growing by X% against the previous year. In general, consumption recorded prominent growth. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Preserved Cows Meat Production in Australia and Oceania

In value terms, preserved cows meat production expanded to $X in 2022 estimated in export price. In general, production, however, saw a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Preserved Cows Meat Exports

Exports in Australia and Oceania

Preserved cows meat exports dropped to X tons in 2022, shrinking by X% compared with 2021 figures. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, preserved cows meat exports declined to $X in 2022. Total exports indicated noticeable 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

New Zealand (X tons) and Australia (X tons) prevails in exports structure, together making up X% of total exports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest preserved cows meat supplying countries in Australia and Oceania were New Zealand ($X), Australia ($X) and Fiji ($X), together comprising X% of total exports.

Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then reduced slightly in the following year.

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 New Zealand ($X per ton), while Fiji ($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%).

Preserved Cows Meat Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of prepared or preserved meat or offal of bovine animals increased by X% to X tons, rising for the second consecutive year after four years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, preserved cows meat imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 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 key importer of prepared or preserved meat or offal of bovine animals, achieving X% of total imports. New Zealand (X tons) held the second position in the ranking, distantly followed by French Polynesia (X tons). All these countries together held approx. X% share of total imports. New Caledonia (X tons), Kiribati (X tons), Vanuatu (X tons), Guam (X tons), American Samoa (X tons) and Micronesia (X tons) took a little share of total imports.

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

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

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%. 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

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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