Australia: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Australia

The Australian market for frozen pig meat other than cuts or carcases reached $X in 2022, rising by 2.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Australia

In 2022, shipments abroad of frozen pig meat other than cuts or carcases increased by 9.6% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of 31% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases reduced to $X in 2022. Over the period under review, exports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of 31%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons), Papua New Guinea (X tons) and Vietnam (X tons) were the main destinations of exports of frozen pig meat other than cuts or carcases from Australia, with a combined 53% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +33.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen pig meat other than cuts or carcases exported from Australia were Papua New Guinea ($X), the Philippines ($X) and the Netherlands ($X), with a combined 49% share of total exports. New Zealand, South Korea, Vietnam, Singapore, Malaysia and Hong Kong SAR lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, Vietnam, with a CAGR of +26.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, which is down by -21.9% against the previous year. Overall, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 an increase of 19%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Vietnam ($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 Hong Kong SAR (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Australia

In 2022, the amount of frozen pig meat other than cuts or carcases imported into Australia expanded remarkably to X tons, with an increase of 15% on the previous year's figure. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 27%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of frozen pig meat other than cuts or carcases reached $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 29%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Australia, together accounting for 79% of total imports. Ireland, Canada and the UK lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +68.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen pig meat other than cuts or carcases suppliers to Australia were Denmark ($X), the Netherlands ($X) and the United States ($X), with a combined 80% share of total imports. Ireland, Canada and the UK lagged somewhat behind, together accounting for a further 19%.

The UK, with a CAGR of +63.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, dropping by -13% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 19%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per ton) and the United States ($X per ton), while the price for Canada ($X per ton) and Ireland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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