Australia: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Australia

In 2021, the Australian meat meals and pellets market decreased by -14.2% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +65.2% against 2018 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Australia

In value terms, meat meals and pellets production dropped to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 17%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Australia

In 2021, overseas shipments of flours, meals and pellets of meat or meat offal decreased by -2.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, meat meals and pellets exports expanded significantly to $X in 2021. In general, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2018 with an increase of 29% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and China (X tons) were the main destinations of meat meals and pellets exports from Australia, with a combined 62% share of total exports. These countries were followed by Malaysia, Vietnam, Thailand, Canada, New Zealand and Sri Lanka, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +30.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Taiwan (Chinese) ($X) and Malaysia ($X) appeared to be the largest markets for meat meals and pellets exported from Australia worldwide, together accounting for 57% of total exports. China, Canada, Thailand, Vietnam, New Zealand and Sri Lanka lagged somewhat behind, together accounting for a further 36%.

Canada, with a CAGR of +20.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average meat meals and pellets export price amounted to $X per ton, picking up by 13% against the previous year. Overall, the export price, however, recorded a perceptible decline. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Australia

After four years of decline, overseas purchases of flours, meals and pellets of meat or meat offal increased by 4.7% to X tons in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.1% against 2016 indices. The pace of growth was the most pronounced in 2015 with an increase of 39% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, meat meals and pellets imports surged to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 59%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, New Zealand (X tons) was the main supplier of meat meals and pellets to Australia, with a 96% share of total imports. Moreover, meat meals and pellets imports from New Zealand exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from New Zealand totaled +4.8%.

In value terms, New Zealand ($X) constituted the largest supplier of flours, meals and pellets of meat or meat offal to Australia, comprising 97% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 3.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from New Zealand totaled +5.2%.

Import Prices by Country

The average meat meals and pellets import price stood at $X per ton in 2021, increasing by 29% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Malaysia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.4%).

Source: IndexBox Platform

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