Australia: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Australia

The Australian preserved swine meat cut market reached $X in 2021, therefore, remained relatively stable against the previous year. Overall, consumption, however, showed a noticeable contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Australia

In value terms, preserved swine meat cut production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Australia

In 2021, overseas shipments of prepared or preserved shoulders and cuts of swine meat increased by 53% to X tons, rising for the second consecutive year after six years of decline. Overall, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2013 when exports increased by 153%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved swine meat cut exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 178% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

New Caledonia (X kg), Japan (X kg) and Brunei Darussalam (X kg) were the main destinations of preserved swine meat cut exports from Australia, together comprising 83% of total exports. Hong Kong SAR, Singapore, Fiji, Kiribati and Papua New Guinea lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +19.3%), while the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) remains the key foreign market for prepared or preserved shoulders and cuts of swine meat exports from Australia, comprising 54% of total exports. The second position in the ranking was taken by New Caledonia ($X), with a 13% share of total exports. It was followed by Brunei Darussalam, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (-11.1% per year) and Brunei Darussalam (-20.9% per year).

Export Prices by Country

The average preserved swine meat cut export price stood at $X per ton in 2021, with an increase of 41% against the previous year. Overall, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved swine meat cut export price increased by +145.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to New Caledonia ($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 Japan (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Australia

After two years of decline, supplies from abroad of prepared or preserved shoulders and cuts of swine meat decreased by 0% to X kg in 2021. Overall, imports continue to indicate a sharp contraction. The growth pace was the most rapid in 2013 when imports increased by 155%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved swine meat cut imports totaled $X in 2021. In general, imports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2013 when imports increased by 234%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Croatia (X kg) constituted the largest preserved swine meat cut supplier to Australia, accounting for a 46% share of total imports. Moreover, preserved swine meat cut imports from Croatia exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold. New Zealand (X kg) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from Croatia amounted to -25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-44.7% per year) and New Zealand (0.0% per year).

In value terms, the largest preserved swine meat cut suppliers to Australia were Croatia ($X), the United States ($X) and Spain ($X), with a combined 47% share of total imports. These countries were followed by New Zealand, which accounted for a further 3.7%.

Among the main suppliers, New Zealand, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average preserved swine meat cut import price stood at $X per ton in 2021, leveling off at the previous year. Over the period under review, the import price recorded a strong expansion. The growth pace was the most rapid in 2013 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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