Australia and Oceania: Fresh Pork Carcase Market 2024

Fresh Pork Carcase Market Size in Australia and Oceania

The fresh pork carcase market in Australia and Oceania was estimated at $X in 2022, growing by 4.5% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Fresh Pork Carcase Production in Australia and Oceania

In value terms, fresh pork carcase production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 36%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The country with the largest volume of fresh pork carcase production was Australia (X tons), comprising approx. 91% of total volume. Moreover, fresh pork carcase production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume in Australia totaled +3.1%.

Fresh Pork Carcase Exports

Exports in Australia and Oceania

After two years of growth, overseas shipments of fresh or chilled carcases of pig meat decreased by -38.9% to X tons in 2022. Total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. The volume of export peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, fresh pork carcase exports contracted sharply to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 43%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped markedly in the following year.

Exports by Country

The biggest shipments were from Australia (X tons), together recording 99.9% of total export.

Australia was also the fastest-growing in terms of the fresh or chilled carcases of pig meat exports, with a CAGR of +2.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest fresh pork carcase supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +1.4%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, shrinking by -7.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -0.9% per year.

Fresh Pork Carcase Imports

Imports in Australia and Oceania

In 2022, after three years of growth, there was significant decline in supplies from abroad of fresh or chilled carcases of pig meat, when their volume decreased by -11.3% to X tons. In general, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 103%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, fresh pork carcase imports reduced markedly to $X in 2022. Over the period under review, imports, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2019 when imports increased by 127% against the previous year. The level of import peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, Papua New Guinea (X tons) was the major importer of fresh or chilled carcases of pig meat, mixing up 75% of total imports. It was distantly followed by Marshall Islands (X tons), committing a 13% share of total imports. Tuvalu (X tons), Tonga (X tons), Cook Islands (X tons) and Niue (X tons) took a relatively small share of total imports.

Papua New Guinea was also the fastest-growing in terms of the fresh or chilled carcases of pig meat imports, with a CAGR of +46.8% from 2012 to 2022. At the same time, Marshall Islands (+42.2%) and Cook Islands (+9.8%) displayed positive paces of growth. By contrast, Tonga (-1.3%), Tuvalu (-1.9%) and Niue (-12.1%) illustrated a downward trend over the same period. Papua New Guinea (+67 p.p.) and Marshall Islands (+11 p.p.) significantly strengthened its position in terms of the total imports, while Cook Islands, Tonga, Tuvalu and Niue saw its share reduced by -1.8%, -15.3%, -17.4% and -32.4% from 2012 to 2022, respectively.

In value terms, Papua New Guinea ($X), Marshall Islands ($X) and Tonga ($X) were the countries with the highest levels of imports in 2022, together accounting for 81% of total imports.

Papua New Guinea, with a CAGR of +34.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, declining by -10.4% against the previous year. Over the period under review, the import price faced a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 26% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tuvalu (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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