Australia and Oceania: Pork Market 2024

Pork Market Size in Australia and Oceania

After two years of growth, the pork market in Australia and Oceania decreased by X% to $X in 2022. Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.

Pork Production in Australia and Oceania

In value terms, pork production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Australia (X tons) constituted the country with the largest volume of pork production, comprising approx. X% of total volume. Moreover, pork production in Australia exceeded the figures recorded by the second-largest producer, Papua New Guinea (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Papua New Guinea (X% per year) and New Zealand (X% per year).

The average pork yield declined to X kg per head in 2022, leveling off at 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by X%. As a result, the yield reached the peak level of X kg per head. From 2019 to 2022, the growth of the pork yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for pork production in Australia and Oceania; waning by X% on 2021 figures. In general, the number of producing animals, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the amount of producing animals attained the peak level of X heads, and then reduced slightly in the following year.

Pork Exports

Exports in Australia and Oceania

In 2022, shipments abroad of pork decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum 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. Over the period under review, exports saw a slight decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Australia dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. New Zealand (X tons) held a minor share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of pork. 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. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

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

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

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price showed a mild reduction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

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

Pork Imports

Imports in Australia and Oceania

In 2022, imports of pork in Australia and Oceania rose markedly to X tons, growing by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X%. 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 X% over the period 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 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Australia was the largest importer of pork in Australia and Oceania, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons), comprising a X% share of total imports. Papua New Guinea (X tons) followed a long way behind the leaders.

Imports into Australia increased 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 importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. From 2012 to 2022, the share of New Zealand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported pork in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :