Australia: Chicken Meat Market 2024

Chicken Meat Market Size in Australia

The Australian chicken meat market rose to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Chicken Meat Production in Australia

In value terms, chicken meat production expanded to $X in 2022 estimated in export price. The total output 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 pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

The average yield of chicken meat in Australia amounted to X kg per head in 2022, approximately equating the previous year. Overall, the yield saw a relatively flat trend pattern. Over the period under review, the average chicken meat yield reached the maximum level in 2022 and is likely to see steady growth in years to come.

In 2022, approx. X heads of animals slaughtered for chicken meat production in Australia; therefore, remained relatively stable against the previous year. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when the number of producing animals increased by X%. Over the period under review, this number attained the peak level at X heads in 2021, and then fell in the following year.

Chicken Meat Exports

Exports from Australia

In 2022, the amount of chicken meat exported from Australia amounted to X tons, growing by X% compared with the previous year. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its volume 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, chicken meat exports soared to $X in 2022. In general, total exports indicated a strong 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 2019 indices. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Papua New Guinea (X tons), the Philippines (X tons) and Solomon Islands (X tons) were the main destinations of chicken meat exports from Australia, with a combined X% share of total exports. Vanuatu, South Africa, Kiribati, South Korea and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), the Philippines ($X) and Solomon Islands ($X) appeared to be the largest markets for chicken meat exported from Australia worldwide, together accounting for X% of total exports. Vanuatu, Kiribati, Hong Kong SAR, South Africa and South Korea lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chicken meat export price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to South Africa ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chicken Meat Imports

Imports into Australia

In 2022, chicken meat imports into Australia contracted markedly to X tons, reducing by X% on 2021. In general, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, chicken meat imports shrank markedly to $X in 2022. Over the period under review, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X tons) was the main supplier of chicken meat to Australia, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from New Zealand amounted to X%.

In value terms, New Zealand ($X) constituted the largest supplier of chicken meat to Australia.

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

Import Prices by Country

In 2022, the average chicken meat import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

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