News

Australia exports record $17 billion worth of red meat in 2023

Frozen Bone-In Beef
Lamb
Meat
Australia
Market & Price Trends
Published Feb 1, 2024

Tridge summary

In 2023, Australia set a new record by exporting A$17.08 bn worth of red meat to over 100 countries, with China, the US, and Japan being the top importers. The Australia-UK Free Trade Agreement significantly boosted exports to the UK, with beef exports increasing fivefold and lamb and mutton doubling. Emerging markets in the Middle East and South-East Asia also offer significant opportunities for Australian red meat exporters, according to Meat & Livestock Australia’s annual global market snapshots for 2024.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In 2023, Australia exported a total volume of 1.84 million shipped weight tonnes of red meat to over 100 countries worth a record A$17.08 bn for the 12 months ending November 2023. Meat & Livestock Australia’s (MLA) annual global market snapshots for 2024 provide insights into where the volume and value were distributed to, and drivers of demand in each market. The snapshot reports are collated by MLA to illustrate the competitive advantages and growth opportunities for Australian red meat across the world. Covering 14 markets for beef and sheepmeat, the snapshots provide industry stakeholders access to topline insights on consumer demographics, perceptions, habits and trends, as well as key export statistics, analysis and updates on trade access and the competitive landscape. Key insights Mainland China remains the number one destination for Australian red meat exports by volume, importing 206,193 tonnes of beef and 165,245 tonnes of lamb and mutton. Long-term import demand ...
Source: Mla
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