Australia and Oceania: Canned Meat Market 2024

Canned Meat Market Size in Australia and Oceania

The canned meat market in Australia and Oceania fell to $X in 2021, dropping by -8.2% against the previous year. Over the period under review, consumption saw a mild reduction. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Canned Meat Production in Australia and Oceania

In value terms, canned meat production declined to $X in 2021 estimated in export price. In general, production showed a mild downturn. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Canned Meat Exports

Exports in Australia and Oceania

In 2021, shipments abroad of canned meat was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate mild growth. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, canned meat exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Australia (X tons) and New Zealand (X tons), together accounting for 98% of total export.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +2.8%).

In value terms, New Zealand ($X) and Australia ($X) constituted the countries with the highest levels of exports in 2021.

Among the main exporting countries, Australia, with a CAGR of +5.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, increasing by 6.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2018 when the export price increased by 13%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

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 amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+4.0%).

Canned Meat Imports

Imports in Australia and Oceania

Canned meat imports skyrocketed to X tons in 2021, surging by 30% against 2020 figures. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, canned meat imports surged to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the major importing country with an import of about X tons, which reached 37% of total imports. Papua New Guinea (X tons) held the second position in the ranking, followed by New Caledonia (X tons) and New Zealand (X tons). All these countries together took near 46% share of total imports. Solomon Islands (X tons), Kiribati (X tons) and Vanuatu (X tons) held a little share of total imports.

Imports into Australia decreased at an average annual rate of -1.3% from 2012 to 2021. At the same time, Kiribati (+14.4%), New Caledonia (+8.2%), Solomon Islands (+5.0%), Papua New Guinea (+4.4%), Vanuatu (+2.1%) and New Zealand (+1.0%) displayed positive paces of growth. Moreover, Kiribati emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +14.4% from 2012-2021. From 2012 to 2021, the share of New Caledonia, Papua New Guinea and Kiribati increased by +7.5, +4.3 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported canned meat in Australia and Oceania, comprising 44% of total imports. The second position in the ranking was held by New Caledonia ($X), with a 16% share of total imports. It was followed by New Zealand, with a 15% share.

In Australia, canned meat imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Caledonia (+6.6% per year) and New Zealand (+2.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 9% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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