Australia: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Australia

The Australian fresh beef carcase market expanded remarkably to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption continues to indicate a resilient expansion. Fresh beef carcase consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fresh Beef Carcase Production in Australia

In value terms, fresh beef carcase production expanded rapidly to $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The growth pace was the most rapid in 2014 when the production volume increased by X%. Fresh beef carcase production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Fresh Beef Carcase Exports

Exports from Australia

In 2022, shipments abroad of fresh or chilled carcases of beef and veal increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh beef carcase exports rose rapidly to $X in 2022. In general, total exports indicated a resilient expansion 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 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for fresh beef carcase exports from Australia, with a X% share of total exports. Moreover, fresh beef carcase exports to South Korea exceeded the volume sent to the second major destination, China (X tons), sixfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United Arab Emirates (X% per year).

In value terms, South Korea ($X) remains the key foreign market for fresh or chilled carcases of beef and veal exports from Australia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average fresh beef carcase export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Beef Carcase Imports

Imports into Australia

In 2022, the amount of fresh or chilled carcases of beef and veal imported into Australia soared to X tons, growing by X% on the previous year. Over the period under review, imports showed strong growth. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, fresh beef carcase imports surged to $X in 2022. Overall, imports enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, New Zealand (X tons) was the main supplier of fresh beef carcase to Australia, accounting for a approx. X% share of total imports.

From 2013 to 2022, the average annual growth rate of volume from New Zealand stood at X%.

In value terms, New Zealand ($X) constituted the largest supplier of fresh or chilled carcases of beef and veal to Australia.

From 2013 to 2022, the average annual rate of growth in terms of value from New Zealand totaled X%.

Import Prices by Country

In 2022, the average fresh beef carcase import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :