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Australia - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jun 1, 2025

Australia - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights

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May 21, 2024

Australia Sees a Significant Increase in Beef Exports, Reaching $7.7 Billion in 2023

Australia Beef Exports

In 2023, shipments abroad of beef (cattle meat) was finally on the rise to reach 1.2M tons after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at 1.4M tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, beef exports reached $7.7B (IndexBox estimates) in 2023. The total export value increased at an average annual rate of +3.4% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 27%. The exports peaked in 2023 and are expected to retain growth in the near future.Australia Beef Exports By Country (Million USD)

COUNTRYExport Value of Beef in Australia (million USD)
20132014201520162017201820192020202120222023
United States9862,1942,3181,2901,2831,3121,5361,4111,2091,2111,757
China6985937575006389701,8581,3251,2661,4471,598
South Korea7658509361,0148431,0261,0059941,2771,2861,256
Japan1,3841,4861,4191,3511,5271,6991,6331,5321,4921,4021,219
Indonesia188253183259217237271213268271378
Taiwan (Chinese)198213165180188171181164181196203
Canada72.614718580.196.910470.584.464.488.1135
Philippines91.914287.797.012413510910912914793.3
Others1,1261,1239477547978208527789571,1021,020
Total5,5087,0006,9975,5255,7136,4757,5176,6106,8447,1517,660

Exports by Country

the United States (248K tons), China (240K tons) and Japan (208K tons) were the main destinations of beef exports from Australia, together accounting for 59% of total exports. South Korea, Indonesia, Taiwan (Chinese), the Philippines and Canada lagged somewhat behind, together comprising a further 31%.

From 2013 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of +9.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($1.8B), China ($1.6B) and South Korea ($1.3B) constituted the largest markets for beef exported from Australia worldwide, with a combined 60% share of total exports.

China, with a CAGR of +8.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Frozen boneless cuts of bovine meat (785K tons) was the largest type of beef (cattle meat) exported from Australia, accounting for a 67% share of total exports. Moreover, frozen boneless cuts of bovine meat exceeded the volume of the second product type, fresh or chilled boneless cuts of bovine meat (259K tons), threefold. Frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat (126K tons) ranked third in terms of total exports with an 11% share.

From 2013 to 2023, the average annual growth rate of the volume of frozen boneless cuts of bovine meat exports was relatively modest. With regard to the other exported products, the following average annual rates of growth were recorded: fresh or chilled boneless cuts of bovine meat (-0.4% per year) and frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat (+5.5% per year).

In value terms, beef (cattle meat) with the largest exports in Australia were frozen boneless cuts of bovine meat ($4.4B), fresh or chilled boneless cuts of bovine meat ($2.7B) and frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat ($413M), with a combined 99% share of total exports. Fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, fresh or chilled carcasses and half-carcasses of bovine meat and frozen carcasses and half-carcasses of bovine meat lagged somewhat behind, together comprising a further 1.4%.

Among the main product categories, fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, with a CAGR of +5.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices by Country

In 2023, the beef price stood at $6,499 per ton (FOB, Australia), declining by -15.4% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18%. Over the period under review, the average export prices hit record highs at $7,682 per ton in 2022, and then dropped significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($7,416 per ton), while the average price for exports to the Philippines ($3,658 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the beef 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 947 - Buffalo meat
  • FCL 867 - Meat of cattle

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012-2024
    6. Imports, In Value Terms, By Country, 2012-2024
    7. Import Prices, By Country, 2012-2024
    8. Exports, In Physical Terms, By Country, 2012-2024
    9. Exports, In Value Terms, By Country, 2012-2024
    10. Exports Prices, By Country, 2012-2024

  12. LIST OF FIGURES

    1. Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, by Product
    11. Average Per Capita Consumption, by Product
    12. Exports and Growth, by Product
    13. Export Prices and Growth, by Product
    14. Production Volume and Growth
    15. Yield and Growth
    16. Exports and Growth
    17. Export Prices and Growth
    18. Market Size and Growth
    19. Per Capita Consumption
    20. Imports and Growth
    21. Import Prices
    22. Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Producing Animals: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Yield: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Imports, in Physical Terms, by Country, 2024
    29. Imports, in Physical Terms, by Country, 2012-2024
    30. Imports, in Value Terms, by Country, 2012-2024
    31. Import Prices, by Country, 2012-2024
    32. Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    33. Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    34. Exports, in Physical Terms, by Country, 2024
    35. Exports, in Physical Terms, by Country, 2012-2024
    36. Exports, in Value Terms, by Country, 2012-2024
    37. Export Prices, by Country, 2012-2024

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