Australia: Highest sheepmeat and goatmeat exports on record, according to the MLA

Published 2024년 7월 9일

Tridge summary

Over the FY24, Australia witnessed a significant surge in its agricultural exports, with sheepmeat and beef reaching the highest levels on record. Sheepmeat exports saw a 24% increase to 587,262 tonnes, primarily driven by a 76% rise in the MENA region, with the US and Malaysia also showing notable increases in lamb and mutton imports, respectively. Beef exports also surged by 29% to 1.2 million tonnes, powered by a doubling of shipments to North America, alongside substantial growth in major Asian markets like Japan, China, and South Korea. Additionally, goatmeat exports experienced a record high of 42,383 tonnes, largely due to a dramatic increase in exports to North America. Overall, Australia's agricultural exports have experienced a substantial boost, with the majority of major markets showing significant growth.

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

Original content

Sheepmeat exports totalled 587,262 tonnes over FY24. This is 24% higher than FY23 and the highest on record. Exports lifted across the board, but the biggest increase was clearly seen in the Middle East and North Africa (MENA) region, where exports rose 76% to 125,088 tonnes. Lamb exports rose by 60%, while mutton exports doubled to 54,039 tonnes. Lamb exports to the US rose 20% to 80,787 tonnes, while mutton exports to Malaysia rose 14% to 11,516 tonnes. The only major market that did not see substantial increases in export volume was China, where both mutton and lamb exports lifted 6% to 64,373 tonnes and 84,022 tonnes respectively. Beef exports totalled 1.2 million tonnes over the financial year, a 29% increase from FY23 and a similar volume to 2019–20. The biggest lift was in exports to North America, where numbers doubled to 343,034 tonnes. After a period of rapid destocking in the US cattle herd between 2018 and 2023, US slaughter has begun to decline. At the same time, ...

Source: EuroMeat