Australia: Meat And Poultry Market 2024

Meat And Poultry Market Size in Australia

The Australian meat and poultry market amounted to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Meat and poultry consumption peaked in 2022 and is expected to retain growth in years to come.

Meat And Poultry Production in Australia

In value terms, meat and poultry production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. Meat and poultry production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of meat and poultry in Australia rose notably to X kg per head in 2022, growing by X% on the previous year. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The meat and poultry yield peaked at X kg per head in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure.

The number of animals slaughtered for meat and poultry production in Australia dropped modestly to X heads in 2022, remaining relatively unchanged against the previous year. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X% against the previous year. Over the period under review, this number attained the peak level at X heads in 2021, and then contracted in the following year.

Meat And Poultry Exports

Exports from Australia

In 2022, overseas shipments of meat and poultry decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, meat and poultry exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main destinations of meat and poultry exports from Australia, together accounting for X% of total exports. South Korea, Indonesia, Papua New Guinea, the Philippines, Malaysia, Taiwan (Chinese), the United Arab Emirates, Singapore, Vietnam and Canada lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat and poultry exported from Australia were the United States ($X), China ($X) and Japan ($X), with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest growth rate of 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 2022, the average meat and poultry export price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Australia

Meat and poultry imports into Australia expanded notably to X tons in 2022, increasing by X% on the previous year. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, meat and poultry imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of meat and poultry imports to Australia, together comprising X% of total imports. Ireland, Canada, New Zealand and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the Netherlands ($X) and the United States ($X) constituted the largest meat and poultry suppliers to Australia, together accounting for X% of total imports. Ireland, New Zealand, Canada and the UK lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat and poultry import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Canada ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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