Reduced Australian meat exports in the first half of 2021

Published 2021년 7월 15일

Tridge summary

Australia's red meat exports for the first half of 2021 were down 18% compared to the same period in 2020, with the export value also seeing a decrease. However, despite the drop in export volume, which is lower than the five-year average pre-COVID-19 due to supply constraints, the export value has increased thanks to growing global demand. The report also highlights mixed performances across different meat types and markets. Beef exports are down 24%, with chilled beef and grainfed exports performing better. Lamb exports are steady, while red meat offal exports are down 15%. Goatmeat exports, on the other hand, are up 25%. Challenges include reduced supply from competitors, higher cattle prices in Australia, and increased US domestic supply. However, demand for Australian red meat is expected to rise in the medium term due to herd and flock rebuilding, vaccination rates increasing in key markets, and expectations of gradual easing of high shipping and air freight costs.

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

Original content

Australia’s total red meat exports for the first half of 2021 (Jan–Jun) totalled just over 711,000 tonnes swt, down 18% on the same period in 2020. Export value to May is down to a similar extent. Taking a longer view, however, while the export volume for this period is lower than the five-year average pre-COVID-19 from 2015–19 due to supply constraints, growing global demand for Australian red meat has strengthened export value over this period. Export value for the first half of 2021 is higher than the pre-COVID-19 five-year average. Australia’s total beef exports are down 24% for the calendar year-to-June on 2020 levels. However, chilled beef has performed somewhat better than frozen, as consumer demand at retail remains strong due to COVID-19 lockdowns still affecting foodservice in many markets. Grainfed exports have also fared better than grassfed, underpinned by an expanding feedlot sector, falling just 5% overall compared to -31% for grassfed. Australia’s total lamb ...

Source: Mla