Australian exports on track to break records

Published 2024년 12월 6일

Tridge summary

Beef exports have seen a significant increase of 27% in November 2023, reaching 118,878 tonnes, with the United States being the primary market. There was also a notable growth in exports to Southeast Asian countries like Indonesia, the Philippines, and Vietnam. In contrast, lamb exports experienced a 9% decline, totaling 27,183 tonnes, while mutton exports rose by 42% to 28,249 tonnes. The US, United Arab Emirates, and China were the main markets for lamb and mutton. Overall, Australia's beef and sheepmeat exports have surpassed previous records, with a strong likelihood of setting new highs for the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Beef Beef exports have lifted 27% from November 2023 to 118,878 tonnes. Keeping with the trend seen so far in 2024, much of the lift in exports was directed to the United States (US); exports lifted 79% to 35,026 tonnes (30% of total exports). Exports to North Asian markets were broadly steady. The second largest market throughout November was South Korea, with exports lifting 5% year-on-year to 19,001 tonnes. There was an ease in exports to Japan by 2% from last year to 17,515 tonnes, and exports to China held steady from last year at 16,336 tonnes. Substantial growth was seen in exports to South-East Asia. Beef exports to Indonesia lifted 50% from last year, exports to the Philippines rose 2,432 tonnes and exports to Vietnam more than doubled to 2,021 tonnes. Year-to-date, Australia has exported 1.216 million tonnes of beef. This is 25% more than the first 11 months of 2023, and is only 70,834 tonnes short of the all-time calendar year record (set in 2014). Given the small gap, ...

Source: Mla