Australia - Beef And Veal (Salted, In Brine, Dried Or Smoked) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAustralia's Preserved Beef Exports Maintain $278K Value in 2023
Australia Preserved Beef Exports
In 2023, shipments abroad of beef and veal (salted, in brine, dried or smoked) increased by 91% to 41 tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, faced a deep slump. The most prominent rate of growth was recorded in 2022 with an increase of 158%. Over the period under review, the exports attained the maximum at 185 tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.
In value terms, preserved beef exports reached $278K (IndexBox estimates) in 2023. Overall, exports, however, faced a sharp slump. The most prominent rate of growth was recorded in 2022 when exports increased by 112% against the previous year. Over the period under review, the exports attained the peak figure at $3.7M in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Preserved Beef in Australia (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Indonesia | N/A | 2.6 | 4.3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 150 |
| South Korea | 111 | 152 | 107 | 115 | 5.4 | 107 | 110 | 17.0 | 7.8 | 9.0 | 46.8 |
| Vietnam | N/A | N/A | N/A | 30.8 | 26.9 | 10.4 | 65.0 | 21.1 | 35.5 | 38.3 | 30.2 |
| New Caledonia | 67.9 | 15.7 | 26.5 | 11.7 | 29.4 | 13.7 | 20.5 | 25.7 | 17.3 | 17.1 | 22.0 |
| Qatar | 53.5 | 40.5 | 12.9 | 39.4 | 6.3 | 79.1 | 46.5 | 61.3 | 50.8 | 108 | 13.5 |
| Papua New Guinea | N/A | N/A | N/A | 342 | 16.2 | N/A | N/A | N/A | N/A | 5.5 | 6.2 |
| Mauritius | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.6 |
| United Arab Emirates | 91.5 | 93.3 | 61.8 | 30.4 | 17.4 | 13.8 | 18.2 | 5.1 | 10.7 | 0.7 | 1.6 |
| Singapore | N/A | 36.9 | 112 | 133 | 65.9 | N/A | 19.1 | 8.6 | 6.9 | N/A | N/A |
| Japan | 3,160 | 3,116 | 103 | 10.2 | 1.8 | 64.4 | N/A | 1.1 | N/A | N/A | N/A |
| Hong Kong | 46.2 | 57.5 | 20.0 | 22.9 | 9.1 | 1.3 | 0.5 | 202 | 0.3 | 0.2 | N/A |
| Others | 143 | 88.8 | 147 | 88.8 | 154 | 56.0 | 34.5 | 19.1 | 1.2 | 98.7 | 1.5 |
| Total | 3,672 | 3,603 | 594 | 825 | 333 | 345 | 315 | 361 | 131 | 277 | 278 |
Exports by Country
Indonesia (33 tons) was the main destination for preserved beef exports from Australia, accounting for a 81% share of total exports. Moreover, preserved beef exports to Indonesia exceeded the volume sent to the second major destination, South Korea (3.6 tons), ninefold. Qatar (1.5 tons) ranked third in terms of total exports with a 3.7% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Indonesia stood at +76.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-7.5% per year) and Qatar (-1.3% per year).
In value terms, Indonesia ($150K) emerged as the key foreign market for beef and veal (salted, in brine, dried or smoked) exports from Australia, comprising 54% of total exports. The second position in the ranking was taken by South Korea ($47K), with a 17% share of total exports. It was followed by Vietnam, with an 11% share.
From 2013 to 2023, the average annual growth rate of value to Indonesia amounted to +57.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-8.2% per year) and Vietnam (-0.3% per year).
Export Prices by Country
In 2023, the preserved beef price amounted to $6,834 per ton (FOB, Australia), with a decrease of -47.7% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 115% against the previous year. As a result, the export price reached the peak level of $27,931 per ton. From 2021 to 2023, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($33,805 per ton), while the average price for exports to Indonesia ($4,594 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 Papua New Guinea (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the preserved 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:
- Prodcom 10131200 - Beef and veal salted, in brine, dried or smoked
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
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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
- 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 VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
