Australia and Oceania: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Australia and Oceania

The market for salted, dried or smoked meat, and offal in Australia and Oceania rose slightly to $X in 2022, with an increase of 2.4% against the previous year. The market value increased at an average annual rate of +1.7% 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 attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Australia and Oceania

In value terms, production of salted, dried or smoked meat, and offal amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports in Australia and Oceania

In 2022, approx. X tons of salted, dried or smoked meat, and offal were exported in Australia and Oceania; picking up by 78% against the previous year's figure. Overall, exports enjoyed a pronounced increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of salted, dried or smoked meat, and offal surged to $X in 2022. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 111% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

New Zealand was the main exporter of salted, dried or smoked meat, and offal in Australia and Oceania, with the volume of exports resulting at X tons, which was near 62% of total exports in 2022. Australia (X tons) ranks second in terms of the total exports with a 30% share, followed by Papua New Guinea (7.4%).

New Zealand was also the fastest-growing in terms of the salted, dried or smoked meat, and offal exports, with a CAGR of +18.8% from 2012 to 2022. At the same time, Papua New Guinea (+13.5%) displayed positive paces of growth. By contrast, Australia (-6.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand and Papua New Guinea increased by +47 and +4.6 percentage points, respectively.

In value terms, New Zealand ($X) remains the largest salted, dried or smoked meat, and offal supplier in Australia and Oceania, comprising 82% of total exports. The second position in the ranking was held by Australia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand amounted to +22.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (-12.2% per year) and Papua New Guinea (+12.0% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by -17.8% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for salted, dried or smoked meat, and offal decreased by -18.4% against 2020 indices. The growth pace was the most rapid in 2013 when the export price increased by 31% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.8%), while the other leaders experienced a decline in the export price figures.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports in Australia and Oceania

In 2022, purchases abroad of salted, dried or smoked meat, and offal increased by 26% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of salted, dried or smoked meat, and offal expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 19%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Australia (X tons) and New Zealand (X tons) prevails in offal structure, together generating 83% of total imports. It was distantly followed by New Caledonia (X tons), creating a 5.4% share of total imports. The following importers - French Polynesia (X tons) and Samoa (X tons) - each recorded an 8.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand (with a CAGR of +16.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported salted, dried or smoked meat, and offal in Australia and Oceania, comprising 62% of total imports. The second position in the ranking was held by New Zealand ($X), with a 26% share of total imports. It was followed by New Caledonia, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +1.3%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+12.1% per year) and New Caledonia (+3.2% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, shrinking by -9.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 10% against the previous year. The level of import peaked at $X per ton in 2021, and then fell in the following year.

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 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform