Australia: Pork Market 2024

Pork Market Size in Australia

The Australian pork market rose sharply to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Pork consumption peaked in 2022 and is likely to see steady growth in years to come.

Pork Production in Australia

In value terms, pork production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

The average yield of pork in Australia dropped modestly to X kg per head in 2022, approximately equating the previous year's figure. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The pork yield peaked at X kg per head in 2021, and then contracted in the following year.

In 2022, approx. X heads of animals slaughtered for pork production in Australia; waning by X% compared with 2021. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the number of producing animals attained the peak level of X heads, and then reduced in the following year.

Pork Exports

Exports from Australia

In 2022, after two years of growth, there was significant decline in overseas shipments of pork, when their volume decreased by X% to X tons. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, pork exports shrank notably to $X in 2022. Over the period under review, exports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Singapore (X tons), the Philippines (X tons) and Papua New Guinea (X tons) were the main destinations of pork exports from Australia, with a combined X% share of total exports. New Zealand, Vietnam, South Korea, Malaysia and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for pork exports from Australia, comprising X% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a X% share of total exports. It was followed by New Zealand, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and New Zealand (X% per year).

Export Prices by Country

The average pork export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price showed a mild decline. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Vietnam ($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 (X%), while the prices for the other major destinations experienced a decline.

Pork Imports

Imports into Australia

In 2022, approx. X tons of pork were imported into Australia; growing by X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, pork imports shrank 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of pork imports to Australia, with a combined X% share of total imports. Ireland, Canada and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pork suppliers to Australia were Denmark ($X), the Netherlands ($X) and the United States ($X), with a combined X% share of total imports. Ireland, Canada and the UK lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from 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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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