Australia - Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMeat Price in Australia - 2023
Contents:
- Meat Price in Australia (FOB) - 2022
- Meat Price in Australia (CIF) - 2022
- Meat Exports in Australia
- Meat Imports in Australia
Meat Price in Australia (FOB) - 2022
In 2022, the average meat export price amounted to $7,364 per ton, increasing by 6.1% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat export price increased by +50.8% against 2016 indices. The growth pace was the most rapid in 2021 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($9,997 per ton), while the average price for exports to Papua New Guinea ($3,144 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 China (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Meat Price in Australia (CIF) - 2022
The average meat import price stood at $3,261 per ton in 2022, reducing by -12.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $3,729 per ton in 2021, and then reduced in the following year.
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 New Zealand ($5,817 per ton), while the price for Canada ($2,768 per ton) was 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 mixed trend patterns.
Meat Exports in Australia
In 2022, approx. 1.4M tons of meat were exported from Australia; with a decrease of -1.7% on the previous year's figure. In general, exports recorded a deep slump.
In value terms, meat exports rose modestly to $10.6B in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 8.9% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Meat in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,272 | 2,080 | 2,217 | 2,254 | -0.3% |
| China | 2,704 | 1,988 | 2,069 | 2,120 | -7.8% |
| Japan | 1,747 | 1,643 | 1,607 | 1,545 | -4.0% |
| South Korea | 1,116 | 1,118 | 1,435 | 1,540 | 11.3% |
| United Arab Emirates | 243 | 219 | 230 | 295 | 6.7% |
| Indonesia | 285 | 221 | 275 | 291 | 0.7% |
| Malaysia | 186 | 192 | 237 | 283 | 15.0% |
| Taiwan (Chinese) | 226 | 208 | 241 | 254 | 4.0% |
| Canada | 151 | 172 | 179 | 214 | 12.3% |
| Singapore | 167 | 199 | 195 | 184 | 3.3% |
| Philippines | 117 | 113 | 138 | 159 | 10.8% |
| Vietnam | 91.7 | 90.1 | 114 | 116 | 8.2% |
| Papua New Guinea | 74.0 | 72.0 | 88.7 | 101 | 10.9% |
| Others | 1,244 | 1,046 | 1,168 | 1,274 | 0.8% |
| Total | 10,624 | 9,361 | 10,193 | 10,630 | 0.0% |
Top Export Markets for Meat from Australia in 2022:
- China (317.2K tons)
- United States (237.9K tons)
- Japan (228.8K tons)
- South Korea (192.9K tons)
- Indonesia (68.4K tons)
- Malaysia (44.1K tons)
- Philippines (38.9K tons)
- Taiwan (Chinese) (33.7K tons)
- Papua New Guinea (32.1K tons)
- United Arab Emirates (29.5K tons)
- Singapore (26.6K tons)
- Vietnam (24.6K tons)
- Canada (24.1K tons)
Meat Imports in Australia
In 2022, imports of meat into Australia rose significantly to 181K tons, increasing by 14% against the previous year. In general, imports, however, recorded a noticeable descent.
In value terms, meat imports dropped to $591M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 12% against the previous year.
| Import of Meat in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 177 | 131 | 158 | 181 | 0.7% |
| Netherlands | 87.8 | 69.0 | 133 | 158 | 21.6% |
| United States | 270 | 250 | 188 | 104 | -27.2% |
| Ireland | 26.4 | 34.0 | 52.4 | 71.4 | 39.3% |
| New Zealand | 7.9 | 16.8 | 34.0 | 30.3 | 56.5% |
| Canada | 26.2 | 11.5 | 12.7 | 25.3 | -1.2% |
| United Kingdom | 4.7 | 2.3 | 7.5 | 9.5 | 26.4% |
| Others | 3.9 | 14.3 | 7.9 | 11.7 | 44.2% |
| Total | 604 | 529 | 593 | 591 | -0.7% |
Top Suppliers of Meat to Australia in 2022:
- Denmark (58.3K tons)
- Netherlands (50.5K tons)
- United States (30.5K tons)
- Ireland (23.3K tons)
- Canada (9.1K tons)
- New Zealand (5.2K tons)
- United Kingdom (2.8K tons)
This report provides an in-depth analysis of the meat market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1108 - Meat of asses
- FCL 947 - Buffalo meat
- FCL 1127 - Meat of camels
- FCL 867 - Meat of cattle
- FCL 870 - Meat of cattle, boneless
- FCL 1017 - Goat meat
- FCL 1097 - Horse meat
- FCL 1111 - Meat of mules
- FCL 1158 - Meat of other domestic camelids
- FCL 1151 - Meat of other domestic rodents
- FCL 1035 - Pig meat
- FCL 1141 - Rabbit meat
- FCL 977 - Meat of sheep
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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