Australian exports stay firm as global landscape shifts

Published May 24, 2024

Tridge summary

Australia has experienced a surge in beef and sheepmeat exports, with the United States being the largest market for both. Beef exports have seen a significant increase of 127% to 27,257 tonnes, with notable growth in Southeast Asia and the Middle East. However, exports to China have dipped by 11%. Lamb exports have risen by 41% to 31,318 tonnes, and mutton exports by 20% to 18,913 tonnes, with the MENA region showing strong growth in mutton imports. This has resulted in Australia having its most diversified beef exports since 2016.

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

Original content

Exports lifted in most major exports markets, with the United States remaining the largest beef market with exports rising 127% from last year to 27,257 tonnes. Large increases were also seen in several smaller markets across South-East Asia and the Middle East and North Africa (MENA) region. Exports to Thailand more than doubled to 2,141 tonnes, while exports to Saudi Arabia lifted 235% to 1,602 tonnes. The only major market where exports dipped was for China, where volumes eased 11% compared to last year to 14,888 tonnes. Between considerable increases in exports to smaller markets and a slight fall in exports to China, Australia’s beef exports are now the most diversified they’ve been since 2016; exports outside of Australia’s top four markets have made up 25% of the total in 2024 so far, compared to 17% for the first four months of 2023 and 15% in 2022. Lamb exports rose 41% from April last year to 31,318 tonnes, while mutton exports rose 20% to 18,913 tonnes. This is the ...

Source: EuroMeat