New Zealand: Subdued start to the year for red meat sector exports

Published 2023년 3월 8일

Tridge summary

New Zealand's red meat sector experienced a seven percent decrease in total export values compared to January 2022, with the total export value for the month being $858 million. Export values to major markets including China, the US, Japan, and the UK saw a decrease, with China being the largest market for New Zealand's red meat. Despite the decrease in value, the total volumes of red meat exports to all countries increased compared to January 2022. The volume of sheepmeat exports increased by 18% but dropped in value by 5%, and the volume of beef exports was unchanged but there was an 11% drop in value. The relaxation of China's Covid-19 policies is expected to lead to an increase in consumer demand.

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

Original content

8 March 2023 New Zealand’s red meat sector exports had a slow start to the year with total export values down by seven per cent compared to January 2022, according to an analysis by the Meat Industry Association (MIA). Overall, red meat exports for the month were worth $858 million with a drop in export values to most major markets including China ($344m), down 10 per cent, followed by the US ($177m), down six per cent, Japan ($31m), down 22 per cent, and the UK ($30m), down 26 per cent. MIA Chief Executive Sirma Karapeeva said China continued to be the meat industry’s largest market in January, with exports worth $344m, which represented 40 per cent of total red meat and co-products for the month. “China was New Zealand’s largest sheepmeat market worth $141m, and beef market at $149m. “While the value of sheepmeat exports to China was down compared to last January, in general, sheepmeat exports to China have been down recently compared to the very high levels we saw a couple ...

Source: Mia