New Zealand: Preserved Beef Market 2025

Preserved Beef Market Size in New Zealand

The New Zealand preserved beef market expanded remarkably to $X in 2021, with an increase of 11% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.7% against 2019 indices. Preserved beef consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Preserved Beef Production in New Zealand

In value terms, preserved beef production rose markedly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.0% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 77% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Beef Exports

Exports from New Zealand

After two years of decline, shipments abroad of beef and veal (salted, in brine, dried or smoked) increased by 28% to X tons in 2021. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 343% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, preserved beef exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 403% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons), Japan (X tons) and Australia (X kg) were the main destinations of preserved beef exports from New Zealand, together accounting for 81% of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +38.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Singapore ($X) and Australia ($X) were the largest markets for preserved beef exported from New Zealand worldwide, with a combined 79% share of total exports.

Among the main countries of destination, Japan, with a CAGR of +42.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average preserved beef export price amounted to $X per ton, with a decrease of -7.6% against the previous year. Over the period under review, the export price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2015 an increase of 200% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($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 the United States (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Beef Imports

Imports into New Zealand

In 2021, overseas purchases of beef and veal (salted, in brine, dried or smoked) decreased by -45.1% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 724% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved beef imports dropped significantly to $X in 2021. Over the period under review, imports, however, showed resilient growth. The growth pace was the most rapid in 2019 when imports increased by 620%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X kg), Australia (X kg) and Bulgaria (X kg) were the main suppliers of preserved beef imports to New Zealand.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +188.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of beef and veal (salted, in brine, dried or smoked) to New Zealand, comprising 68% of total imports. The second position in the ranking was taken by Australia ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +216.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-8.7% per year) and Bulgaria (-41.8% per year).

Import Prices by Country

In 2021, the average preserved beef import price amounted to $X per ton, increasing by 35% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 56% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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