Australia: Beef Market 2020

Beef Market Size in Australia

The revenue of the beef market in Australia amounted to $X in 2017, coming up by X% against the previous year. In general, beef consumption continues to indicate a remarkable increase. The growth pace was the most rapid in 2016, when market value increased by X% against the previous year. Australia beef consumption peaked in 2017, and is likely to see steady growth in the near future.

Beef Production in Australia

In 2017, the amount of beef (cattle meat) produced in Australia stood at X tons, approximately equating the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008, when it surged by X% year-to-year. Over the period under review, the beef production reached its peak figure volume in 2017, and is expected to retain its growth in the near future. Beef output in Australia indicated a mild growth, which was largely conditioned by a mild growth of the producing animals and a modest expansion in yield figures.

In 2017, average yield of beef (cattle meat) in Australia totaled X kg per head, waning by -X% against the previous year. In general, beef yield continues to indicate a mild growth. The pace of growth was the most pronounced in 2011, with an increase of X% year-to-year. Australia beef yield peaked of X kg per head in 2012; however, from 2013 to 2017, it failed to regain its momentum.

The number of animals slaughtered for beef production in Australia amounted to X head in 2017, going down by -X% against the previous year. In general, beef producing animals continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013, when the number of producing animals increased by X% y-o-y. Over the period under review, this number attained its peak figure figure of X heads in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Beef Exports from Australia

In 2017, the amount of beef (cattle meat) exported from Australia stood at X tons, waning by -X% against the previous year. In general, beef exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. Over the period under review, the beef exports reached its peak figure volume of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, beef exports totaled $X in 2017. In general, the total exports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the beef exports decreased by -X% against 2014 indices. In that year, the beef exports attained their peak level of $X. From 2015 to 2017, growth of the beef exports failed to regain its momentum.

Beef Exports by Country from Australia

India (X tons), Brazil (X tons), Australia (X tons) and the U.S. (X tons) represented roughly X% of total exports of beef (cattle meat) in 2017. The Netherlands (X tons), New Zealand (X tons), Poland (X tons), Ireland (X tons), Paraguay (X tons), Canada (X tons), Uruguay (X tons) and Argentina (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets worldwide were the U.S. ($X), Australia ($X) and Brazil ($X), together accounting for X% of total exports. India, the Netherlands, Ireland, New Zealand, Canada, Poland, Uruguay, Argentina and Paraguay lagged somewhat behind, together accounting for a further X%.

India (+X% per year) recorded the highest growth rate of exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Beef Export Prices by Country in Australia

The beef export price in Australia stood at $X per ton in 2017, picking up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010, an increase of X% against the previous year. Australia export price peaked in 2017, and is likely to continue its growth in the near future.

Export prices varied noticeably by the country of destination; the country with the highest export price was the U.S. ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Beef Imports into Australia

In 2017, approx. X tons of beef (cattle meat) were imported into Australia; dropping by -X% against the previous year. Overall, beef imports continue to indicate a strong expansion. The growth pace was the most rapid in 2011, when it surged by X% y-o-y. In that year, the beef imports attained their peak volume of X tons. From 2012 to 2017, growth of the beef imports stood at a somewhat lower level.

In value terms, beef imports stood at $X in 2017. In general, beef imports continue to indicate a prominent increase. In that year, the beef imports reached their peak level of $X. From 2012 to 2017, growth of the beef imports failed to regain its momentum.

Beef Imports by Country into Australia

The imports of the twelve major importers of beef (cattle meat), namely the U.S., Vietnam, China, Japan, China, Hong Kong SAR, Italy, South Korea, the Netherlands, Germany, Egypt, Russia and the UK, represented more than half of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by Vietnam, South Korea, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, Russia, Egypt and Australia, which together accounted for a further X%.

Among the main importing countries , Vietnam (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Beef Import Prices by Country in Australia

The beef import price in Australia stood at $X per ton in 2017, growing by X% against the previous year. In general, beef import price continues to indicate a moderate decrease. The most prominent rate of growth was recorded in 2010, an increase of X% against the previous year. Australia import price peaked of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform