Australian red meat exports review for 2022

Australian red meat exports faced turbulent global conditions throughout 2022. While there were hugely positive developments such as the signing of trade deals with India and the UK, there were also a series of natural disasters, war and the onset of inflation , all of which have shaken consumer confidence in Australia's key export markets. Despite this, Australian red meat exports performed strongly in 2022, with record lamb exports offering a window into 2023 for beef producers and exporters. Beef Beef exports totaled 854,596 tonnes swt for the year, 4% less than in 2021 and the lowest total exports since 2003. Export volumes declined in most major markets, with Japan and the US down 8% each, Southeast Asia and Middle East North Africa (MENA) down 6% and South Korea down 3%. The exception was China, where beef exports grew 7% to 158,000 tons in the year. Despite this, high demand has led to strong prices for beef exports. Prices peaked in June at A$12.07 (US$8.55) per kilo and ...