Australia and Oceania: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Australia and Oceania

The fresh beef carcase market in Australia and Oceania stood at $X in 2022, approximately equating the previous year. Over the period under review, consumption recorded buoyant growth. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Fresh Beef Carcase Production in Australia and Oceania

In value terms, fresh beef carcase production amounted to $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 79%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Fresh Beef Carcase Exports

Exports in Australia and Oceania

In 2022, exports of fresh or chilled carcases of beef and veal in Australia and Oceania rose markedly to X tons, increasing by 5.6% compared with the previous year. Over the period under review, exports, however, showed a noticeable descent. The pace of growth was the most pronounced in 2013 when exports increased by 22% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh beef carcase exports expanded notably to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.4% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Australia represented the largest exporter of fresh or chilled carcases of beef and veal in Australia and Oceania, with the volume of exports finishing at X tons, which was approx. 85% of total exports in 2022. It was distantly followed by New Zealand (X tons), creating a 15% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fresh beef carcase exports from Australia stood at -3.6%. At the same time, New Zealand (+6.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +6.0% from 2012-2022. New Zealand (+8.8 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -8.8% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest fresh beef carcase supplier in Australia and Oceania, comprising 88% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 12% share of total exports.

In Australia, fresh beef carcase exports increased at an average annual rate of +5.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, rising by 8.5% against the previous year. Over the period under review, the export price saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when the export price increased by 22%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.2%).

Fresh Beef Carcase Imports

Imports in Australia and Oceania

In 2022, after three years of decline, there was significant growth in overseas purchases of fresh or chilled carcases of beef and veal, when their volume increased by 42% to X tons. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fresh beef carcase imports soared to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Samoa (X tons) was the main importer of fresh or chilled carcases of beef and veal, creating 47% of total imports. French Polynesia (X tons) held the second position in the ranking, distantly followed by Palau (X tons) and New Zealand (X tons). All these countries together held approx. 46% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Palau (with a CAGR of +40.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh beef carcase importing markets in Australia and Oceania were Samoa ($X), French Polynesia ($X) and New Zealand ($X), together accounting for 75% of total imports. Palau and New Caledonia lagged somewhat behind, together accounting for a further 19%.

In terms of the main importing countries, Palau, with a CAGR of +41.0%, saw the highest growth rate of 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 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 2.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 23%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Caledonia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Samoa (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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