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Australia - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Australia - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights

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Jan 26, 2024

Australia's November 2023 Export of Chicken Meat Plummets to $7.6M

Australia Chicken Meat Exports

For the third consecutive month, Australia recorded decline in overseas shipments of chicken meat, which decreased by -3.8% to 4K tons in November 2023. In general, exports showed a mild curtailment. The most prominent rate of growth was recorded in August 2023 when exports increased by 27% against the previous month. As a result, the exports reached the peak of 5.1K tons. From September 2023 to November 2023, the growth of the exports failed to regain momentum.

In value terms, chicken meat exports reduced to $7.6M (IndexBox estimates) in November 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when exports increased by 28% m-o-m.Australia Chicken Meat Exports By Country (Million USD)

COUNTRYExport Value of Chicken Meat in Australia (million USD)
Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023
Papua New Guinea2.73.31.62.92.61.52.02.43.95.05.04.13.1
Vanuatu1.40.50.50.80.60.60.51.00.90.80.70.81.4
Solomon Islands1.20.80.70.60.50.50.50.40.50.60.71.00.9
Philippines1.60.50.60.51.31.31.11.00.81.10.60.50.5
Kiribati0.20.60.70.40.60.50.40.50.3< 0.10.20.20.5
South Africa0.20.20.20.20.20.10.10.3N/A0.30.20.2< 0.1
Others0.90.80.80.91.01.00.81.51.30.91.41.51.2
Total8.16.75.16.36.85.45.57.07.68.88.88.47.6

Exports by Country

Papua New Guinea (1.8K tons) was the main destination for chicken meat exports from Australia, accounting for a 45% share of total exports. Moreover, chicken meat exports to Papua New Guinea exceeded the volume sent to the second major destination, Vanuatu (583 tons), threefold. Solomon Islands (449 tons) ranked third in terms of total exports with an 11% share.

From November 2022 to November 2023, the average monthly rate of growth in terms of volume to Papua New Guinea was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Vanuatu (-0.6% per month) and Solomon Islands (-2.3% per month).

In value terms, Papua New Guinea ($3.1M) remains the key foreign market for chicken meat exports from Australia, comprising 40% of total exports. The second position in the ranking was held by Vanuatu ($1.4M), with an 18% share of total exports. It was followed by Solomon Islands, with a 12% share.

From November 2022 to November 2023, the average monthly rate of growth in terms of value to Papua New Guinea was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Vanuatu (+0.3% per month) and Solomon Islands (-2.1% per month).

Exports by Type

Frozen cuts of chicken (3.8K tons) was the largest type of chicken meat exported from Australia, accounting for a 96% share of total exports. Moreover, frozen cuts of chicken exceeded the volume of the second product type, frozen whole chickens (150 tons), more than tenfold. The third position in this ranking was taken by fresh or chilled cuts of chicken (25 tons), with a 0.6% share.

From November 2022 to November 2023, the average monthly rate of growth in terms of the volume of export of frozen cuts of chicken stood at -1.2%. With regard to the other exported products, the following average monthly rates of growth were recorded: frozen whole chickens (-9.6% per month) and fresh or chilled cuts of chicken (-0.5% per month).

In value terms, frozen cuts of chicken ($7.1M) remains the largest type of chicken meat exported from Australia, comprising 93% of total exports. The second position in the ranking was taken by frozen whole chickens ($304K), with a 4% share of total exports. It was followed by fresh or chilled cuts of chicken, with a 2.7% share.

From November 2022 to November 2023, the average monthly rate of growth in terms of the export volume of frozen cuts of chicken was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: frozen whole chickens (-8.1% per month) and fresh or chilled cuts of chicken (-0.3% per month).

Export Prices by Country

In November 2023, the chicken meat price stood at $1,908 per ton (FOB, Australia), which is down by -5.8% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in September 2023 when the average export price increased by 21% against the previous month. As a result, the export price attained the peak level of $2,064 per ton. From October 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Vanuatu ($2,403 per ton), while the average price for exports to Benin ($1,028 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+1.9%), 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 chicken 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 1058 - Chicken meat
  • FCL 1059 - Offals and liver of chickens

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

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