Australia: Market for Meat Preparations of Poultry 2024

Market Size for Meat Preparations of Poultry in Australia

The Australian meat preparations of poultry market shrank to $X in 2022, declining by X% against the previous year. In general, the total consumption indicated a mild 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Meat Preparations of Poultry in Australia

In value terms, meat preparations of poultry production declined to $X in 2022 estimated in export price. Overall, the total production indicated a slight increase 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Meat Preparations of Poultry

Exports from Australia

In 2022, approx. X tons of meat preparations of poultry were exported from Australia; increasing by X% on 2021 figures. Over the period under review, exports saw a temperate expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, meat preparations of poultry exports surged to $X in 2022. Overall, exports continue to indicate prominent growth. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Papua New Guinea (X tons) was the main destination for meat preparations of poultry exports from Australia, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Papua New Guinea totaled X%.

In value terms, Papua New Guinea ($X) also remains the key foreign market for meat preparations of poultry exports from Australia.

From 2012 to 2022, the average annual growth rate of value to Papua New Guinea totaled X%.

Export Prices by Country

In 2022, the average meat preparations of poultry export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price 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, meat preparations of poultry export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Papua New Guinea.

From 2012 to 2022, the rate of growth in terms of prices for Papua New Guinea amounted to X% per year.

Imports of Meat Preparations of Poultry

Imports into Australia

In 2022, supplies from abroad of meat preparations of poultry increased by X% to X tons, rising for the second year in a row after five years of decline. Overall, imports, however, showed a abrupt descent. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, meat preparations of poultry imports soared to $X in 2022. In general, imports, however, faced a deep contraction. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest meat preparations of poultry supplier to Australia, with a X% share of total imports. Moreover, meat preparations of poultry imports from New Zealand exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and the Netherlands (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of meat preparations of poultry to Australia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average meat preparations of poultry import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price showed a modest expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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