Australia: Pork Market 2025

Pork Market Size in Australia

The Australian pork market rose notably to $X in 2022, picking up by 8.6% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Pork consumption peaked in 2022 and is expected to retain growth in years to come.

Pork Production in Australia

In value terms, pork production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

The average yield of pork in Australia declined slightly to X kg per head in 2022, leveling off at 2021 figures. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 2%. Over the period under review, the average pork yield hit record highs at X kg per head in 2021, and then reduced slightly in the following year.

In 2022, the number of animals slaughtered for pork production in Australia fell to X heads, waning by -2.9% on the previous year. This number increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 6.2% against the previous year. As a result, the number of animals produced attained the peak level of X heads, and then reduced in the following year.

Pork Exports

Exports from Australia

After two years of growth, overseas shipments of pork decreased by -13.3% to X tons in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 16%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, pork exports dropped notably to $X in 2022. Overall, exports recorded a slight descent. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped notably in the following year.

Exports by Country

Singapore (X tons), the Philippines (X tons) and Papua New Guinea (X tons) were the main destinations of pork exports from Australia, together comprising 59% of total exports. New Zealand, Vietnam, South Korea, Malaysia and Hong Kong SAR lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +33.5%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for pork exports from Australia, comprising 44% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 12% share of total exports. It was followed by New Zealand, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Singapore totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-3.4% per year) and New Zealand (-5.6% per year).

Export Prices by Country

The average pork export price stood at $X per ton in 2022, falling by -17.5% against the previous year. Over the period under review, the export price showed a mild curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 17%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Vietnam ($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 Hong Kong SAR (+11.0%), while the prices for the other major destinations experienced a decline.

Pork Imports

Imports into Australia

In 2022, approx. X tons of pork were imported into Australia; increasing by 15% on the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 26% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pork imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 28%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of pork imports to Australia, with a combined 79% share of total imports. Ireland, Canada and the UK lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +68.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pork suppliers to Australia were Denmark ($X), the Netherlands ($X) and the United States ($X), with a combined 80% share of total imports. Ireland, Canada and the UK lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, the UK, with a CAGR of +63.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, falling by -13% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 18%. The import price peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and the United States ($X per ton), while the price for Canada ($X per ton) and Ireland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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