Australia and Oceania: Preserved Beef Market 2025

Preserved Beef Market Size in Australia and Oceania

In 2021, the preserved beef market in Australia and Oceania decreased by -5% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +38.7% against 2017 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced slightly in the following year.

Preserved Beef Production in Australia and Oceania

In value terms, preserved beef production declined to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +43.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 56%. The level of production peaked at $X in 2020, and then dropped in the following year.

Preserved Beef Exports

Exports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded decline in shipments abroad of beef and veal (salted, in brine, dried or smoked), which decreased by -16.3% to X tons in 2021. In general, exports recorded a dramatic shrinkage. The growth pace was the most rapid in 2016 with an increase of 62%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved beef exports contracted remarkably to $X in 2021. Overall, exports faced a dramatic slump. The growth pace was the most rapid in 2016 with an increase of 24% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons) and New Zealand (X tons) prevails in exports structure, together creating 98% of total exports. Samoa (X kg) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by New Zealand (with a CAGR of -7.3%), while the other leaders experienced a decline in the exports figures.

In value terms, New Zealand ($X), Australia ($X) and Samoa ($X) constituted the countries with the highest levels of exports in 2021, with a combined 99.9% share of total exports.

New Zealand, with a CAGR of +0.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, falling by -23.3% against the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved beef export price increased by +63.5% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 70%. As a result, the export price attained the peak level of $X per ton, and then declined notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+8.6%), while the other leaders experienced a decline in the export price figures.

Preserved Beef Imports

Imports in Australia and Oceania

In 2021, overseas purchases of beef and veal (salted, in brine, dried or smoked) decreased by -23.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports recorded a dramatic setback. The pace of growth appeared the most rapid in 2014 when imports increased by 103% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved beef imports dropped slightly to $X in 2021. In general, imports faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 38%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of beef and veal (salted, in brine, dried or smoked), namely Marshall Islands, Australia, Samoa and New Caledonia, represented more than two-thirds of total import. It was distantly followed by New Zealand (X tons) and Micronesia (X tons), together making up a 16% share of total imports. Tonga (X kg) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Samoa (with a CAGR of +45.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Caledonia ($X) and New Zealand ($X) were the countries with the highest levels of imports in 2021, with a combined 68% share of total imports. Marshall Islands, Micronesia, Tonga and Samoa lagged somewhat behind, together comprising a further 20%.

In terms of the main importing countries, Micronesia, with a CAGR of +33.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, picking up by 25% against the previous year. In general, the import price, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2018 when the import price increased by 54% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tonga (+16.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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