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

Australia - Meat And Poultry - Market Analysis, Forecast, Size, Trends and Insights

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Dec 16, 2023

Australian Meat and Poultry Export Sees Modest Increase to $970M in September 2023

Australia Meat And Poultry Exports

Meat and poultry exports from Australia rose slightly to 176K tons in September 2023, increasing by 2.9% against the previous month's figure. Over the period under review, total exports indicated a measured increase from September 2022 to September 2023: its volume increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, exports increased by +6.6% against March 2023 indices. The most prominent rate of growth was recorded in March 2023 when exports increased by 37% month-to-month. Over the period under review, the exports reached the maximum in September 2023.

In value terms, meat and poultry exports reached $970M (IndexBox estimates) in September 2023. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 with an increase of 30% m-o-m.Australia Meat And Poultry Exports By Country (Million USD)

COUNTRYExport Value of Meat And Poultry in Australia (million USD)
Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023
United States181190162187120146198165178217263235242
China197185172159124143231251225219184189202
South Korea12313210713085.0104149125121123139122120
Japan10011612797.884.8145126108113133110112102
Indonesia24.322.326.520.715.935.041.926.329.631.445.043.738.6
Malaysia19.422.816.618.114.620.123.716.316.622.016.514.816.9
Papua New Guinea13.213.89.612.17.811.48.98.18.79.516.117.115.0
Others212210198208147172211190218222245231234
Total8718928188335997769908889119771,019963970

Exports by Country

China (41K tons), the United States (35K tons) and South Korea (19K tons) were the main destinations of meat and poultry exports from Australia, together accounting for 54% of total exports.

From September 2022 to September 2023, the biggest increases were in the United States (with a CAGR of +4.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($242M), China ($202M) and South Korea ($120M) were the largest markets for meat and poultry exported from Australia worldwide, with a combined 58% share of total exports. These countries were followed by Japan, Indonesia, Malaysia and Papua New Guinea, which together accounted for a further 18%.

Indonesia, with a CAGR of +3.9%, saw the highest growth rate of the value of exports, in terms of 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

Beef (cattle meat) (110K tons) was the largest type of meat and poultry exported from Australia, with a 63% share of total exports. Moreover, beef (cattle meat) exceeded the volume of the second product type, lamb and sheep meat (54K tons), twofold. The third position in this ranking was taken by chicken meat (4.4K tons), with a 2.5% share.

From September 2022 to September 2023, the average monthly growth rate of the volume of export of beef (cattle meat) stood at +2.9%. With regard to the other exported products, the following average monthly rates of growth were recorded: lamb and sheep meat (+2.5% per month) and chicken meat (-0.2% per month).

In value terms, beef (cattle meat) ($671M) remains the largest type of meat and poultry exported from Australia, comprising 69% of total exports. The second position in the ranking was held by lamb and sheep meat ($260M), with a 27% share of total exports. It was followed by goat meat, with a 1.6% share.

From September 2022 to September 2023, the average monthly rate of growth in terms of the export volume of beef (cattle meat) stood at +1.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: lamb and sheep meat (-0.2% per month) and goat meat (-1.1% per month).

Export Prices by Country

In September 2023, the meat and poultry price stood at $5,515 per ton (FOB, Australia), waning by -2.1% against the previous month. In general, the export price recorded a slight setback. The pace of growth appeared the most rapid in April 2023 an increase of 4.6% month-to-month. The export price peaked at $6,822 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the United Arab Emirates ($7,033 per ton), while the average price for exports to Papua New Guinea ($2,719 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+0.8%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the meat and poultry 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 1089 - Meat of pigeons and other birds nes
  • FCL 947 - Buffalo meat
  • FCL 1127 - Meat of camels
  • FCL 867 - Meat of cattle
  • FCL 870 - Meat of cattle, boneless
  • FCL 1058 - Chicken meat
  • FCL 1069 - Duck meat
  • FCL 1017 - Goat meat
  • FCL 1073 - Goose 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
  • FCL 1080 - Turkey meat

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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