Australian sheepmeat exports, particularly lamb and mutton, reached record levels in 2023, with high demand from countries such as China, the United States, and the United Arab Emirates. Pricing for Australian sheepmeat has started to recover heading into the new year, which is a positive sign for sheep producers. Demand for Australian sheepmeat remains strong globally, with growing fondness for sheepmeat in China as a substitute for pork, and increasing prices and reduced exports due to better weather conditions in Australia's Eastern States.