Australia and Oceania: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Australia and Oceania

The fresh beef carcase market in Australia and Oceania expanded to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed a buoyant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fresh Beef Carcase Production in Australia and Oceania

In value terms, fresh beef carcase production stood at $X in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fresh Beef Carcase Exports

Exports in Australia and Oceania

Fresh beef carcase exports expanded slightly to X tons in 2022, picking up by X% on 2021. In general, exports, however, showed a perceptible curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, fresh beef carcase exports expanded significantly to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Australia (X tons) represented the main exporter of fresh or chilled carcases of beef and veal, constituting X% of total exports. It was distantly followed by New Zealand (X tons), constituting an X% share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest fresh beef carcase supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Overall, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Fresh Beef Carcase Imports

Imports in Australia and Oceania

After three years of decline, purchases abroad of fresh or chilled carcases of beef and veal increased by X% to X tons in 2022. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, fresh beef carcase imports skyrocketed 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Samoa was the key importer of fresh or chilled carcases of beef and veal in Australia and Oceania, with the volume of imports reaching X tons, which was near X% of total imports in 2022. French Polynesia (X tons) ranks second in terms of the total imports with a X% share, followed by Palau (X%) and New Zealand (X%). New Caledonia (X tons) and Fiji (X tons) held a little share of total imports.

Imports into Samoa increased at an average annual rate of X% from 2012 to 2022. At the same time, Palau (X%) and New Caledonia (X%) displayed positive paces of growth. Moreover, Palau emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%), French Polynesia (X%) and Fiji (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Palau, Samoa and New Caledonia increased by X, X and X percentage points, respectively.

In value terms, the largest fresh beef carcase importing markets in Australia and Oceania were Samoa ($X), French Polynesia ($X) and New Zealand ($X), with a combined X% share of total imports. Palau, New Caledonia and Fiji lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Palau, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Caledonia ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Samoa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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