We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Australia - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Apr 21, 2023

Beef Prices in Australia Average $7,023 per Ton After 3% Drop

Australia Beef Export Price in December 2022

In December 2022, the beef price stood at $7,023 per ton (FOB, Australia), with a decrease of -3.2% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 an increase of 7.9% month-to-month. As a result, the export price reached the peak level of $8,542 per ton. From July 2022 to December 2022, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($8,167 per ton), while the average price for exports to Indonesia ($4,060 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.0%), while the prices for the other major destinations experienced a decline.

COUNTRYDec 2021Jan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022
Export Price of Beef in Australia (USD per ton)
United States8,6698,8939,5589,2079,4639,4119,9599,8898,9818,9848,1377,7538,167
Taiwan (Chinese)7,9618,5958,91810,2648,8708,9958,9779,0389,5698,4148,0927,8457,272
China8,1297,7638,3998,0347,5328,78010,9427,9278,0877,6607,3497,4836,897
South Korea7,6427,7398,1128,6378,1568,4048,6488,0887,8687,4917,7516,9756,801
Japan7,1246,7016,7267,2806,5536,7156,8956,6286,2176,0406,2797,0615,765
Philippines4,4564,0383,9014,0414,4504,1744,3734,2914,4744,3674,7854,2714,141
Indonesia3,2043,2273,1693,9374,8564,7174,6024,5555,0723,7513,4813,6514,060
Average7,7277,6297,9487,9397,9917,9158,5427,7287,7177,3127,1767,2597,023

Australia Beef Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled ($13,963 per ton), while the average price for exports of meat; of bovine animals, carcasses and half-carcasses, fresh or chilled ($2,894 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for the following types: meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen (+0.5%), while the prices for the other products experienced a decline.

Australia Beef Exports

Beef exports from Australia rose significantly to 84K tons in December 2022, with an increase of 9.1% on November 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 28% against the previous month.

In value terms, beef exports rose markedly to $592M (IndexBox estimates) in December 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 with an increase of 27% m-o-m.

Australia Beef Exports by Type

Meat; of bovine animals, boneless cuts, frozen (57K tons) was the largest type of beef exported from Australia, accounting for a 67% share of total exports. Moreover, meat; of bovine animals, boneless cuts, frozen exceeded the volume of the second product type, meat; of bovine animals, boneless cuts, fresh or chilled (18K tons), threefold. The third position in this ranking was held by meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen (8.8K tons), with a 10% share.

From December 2021 to December 2022, the average monthly growth rate of the volume of export of meat; of bovine animals, boneless cuts, frozen stood at +1.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: meat; of bovine animals, boneless cuts, fresh or chilled (-1.1% per month) and meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen (-0.5% per month).

In value terms, meat; of bovine animals, boneless cuts, frozen ($340M), meat; of bovine animals, boneless cuts, fresh or chilled ($211M) and meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen ($32M) were the most exported types of beef (cattle meat) from Australia worldwide, together comprising 98% of total exports. Meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled and meat; of bovine animals, carcasses and half-carcasses, fresh or chilled lagged somewhat behind, together accounting for a further 1.7%.

Meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled, with a CAGR of +1.3%, recorded the highest rates of growth with regard to the value of exports, among the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.

Australia Beef Exports by Country

South Korea (17K tons), Japan (16K tons) and China (15K tons) were the main destinations of beef exports from Australia, with a combined 58% share of total exports. These countries were followed by the United States, Indonesia, Taiwan (Chinese) and the Philippines, which together accounted for a further 29%.

From December 2021 to December 2022, the biggest increases were in the United States (with a CAGR of +2.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for beef exported from Australia were the United States ($120M), South Korea ($116M) and China ($106M), with a combined 58% share of total exports. These countries were followed by Japan, Indonesia, Taiwan (Chinese) and the Philippines, which together accounted for a further 24%.

In terms of the main countries of destination, Indonesia, with a CAGR of +2.1%, 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 mixed trend patterns.

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 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 Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    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 Exports

    This Chapter is Available Only for the Professional Edition PRO
    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, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    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, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Beef (Cattle Meat) - Australia
Table
Beef (Cattle Meat) - Australia - Table
Dashboard
Beef (Cattle Meat) - Australia - Dashboard
Report
Beef (Cattle Meat) - Australia - Report