Australia and Oceania: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in Australia and Oceania

The frozen pork cut market in Australia and Oceania fell to $X in 2022, waning by -5.9% against the previous year. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.9% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Frozen Pork Cut Production in Australia and Oceania

In value terms, frozen pork cut production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 58%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The country with the largest volume of frozen pork cut production was Australia (X tons), comprising approx. 99.9% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Australia stood at +7.8%.

Frozen Pork Cut Exports

Exports in Australia and Oceania

After two years of growth, overseas shipments of frozen hams, shoulders and cuts of pig meat decreased by -16.9% to X tons in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 163%. The volume of export peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, frozen pork cut exports contracted to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The growth pace was the most rapid in 2014 when exports increased by 102% against the previous year. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. 98% of total exports in 2022. New Zealand (X tons) took a little share of total exports.

Exports from Australia increased at an average annual rate of +12.0% from 2012 to 2022. At the same time, New Zealand (+23.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +23.7% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest frozen pork cut supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was held by New Zealand ($X), with a 4.8% share of total exports.

In Australia, frozen pork cut exports increased at an average annual rate of +7.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by 5.5% against the previous year. Overall, the export price, however, recorded a noticeable decline. The growth pace was the most rapid in 2019 an increase of 21% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.4%).

Frozen Pork Cut Imports

Imports in Australia and Oceania

In 2022, the amount of frozen hams, shoulders and cuts of pig meat imported in Australia and Oceania dropped to X tons, waning by -13.3% compared with the previous year. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 53%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen pork cut imports declined markedly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 56%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

New Zealand represented the largest importer of frozen hams, shoulders and cuts of pig meat in Australia and Oceania, with the volume of imports recording X tons, which was near 61% of total imports in 2022. It was distantly followed by Papua New Guinea (X tons) and Micronesia (X tons), together committing a 29% share of total imports. Marshall Islands (X tons) and Samoa (X tons) followed a long way behind the leaders.

New Zealand experienced a relatively flat trend pattern with regard to volume of imports of frozen hams, shoulders and cuts of pig meat. At the same time, Marshall Islands (+60.4%), Micronesia (+17.6%), Samoa (+17.4%) and Papua New Guinea (+6.4%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +60.4% from 2012-2022. Papua New Guinea (+7.7 p.p.), Micronesia (+5.5 p.p.) and Marshall Islands (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -12.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported frozen hams, shoulders and cuts of pig meat in Australia and Oceania, comprising 61% of total imports. The second position in the ranking was taken by Papua New Guinea ($X), with a 20% share of total imports. It was followed by Micronesia, with an 8.1% share.

In New Zealand, frozen pork cut imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (+0.6% per year) and Micronesia (+19.2% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, declining by -6.7% against the previous year. Over the period under review, the import price saw a mild downturn. The growth pace was the most rapid in 2014 when the import price increased by 9.4%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Micronesia ($X per ton) and Marshall Islands ($X per ton), while Papua New Guinea ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Samoa (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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