Australian sheep meat dominates the world market

Published 2024년 4월 8일

Tridge summary

In 2023, Australia achieved a milestone in its lamb meat production, setting new records that propelled its global sheep meat exports beyond 50% for the first time. This development has notably impacted New Zealand, traditionally the second-largest exporter, by diminishing its market share, especially in China, the largest sheepmeat market. Australia's exports to China surged by 43%, elevating its market share to 46%, while its exports to the Middle East and North Africa saw a 51% increase, marked by a rise in refrigerated exports. This contrasts with New Zealand's declining exports, particularly of chilled lamb, highlighting Australia's growing dominance in the global sheep meat industry amidst supply chain challenges.

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

Original content

As Australian lamb meat production has reached record levels, exports have increased substantially, resulting in Australia accounting for more than 50% of global sheep meat exports in 2023 for the first time.The big increase of exports has affected competitors New Zealand, the second largest sheep exporting country with a decrease in its market share in China. Additionally, supply chain constraints have hampered exporters' ability to expand their share in other key markets. China, being the largest sheepmeat market by volume, saw a 24% increase in total imports in 2023, reaching 429,434 tons, according to the MLA. New Zealand's exports to China increased in 2023, but only by 10%. This meant that Kiwi sheep meat accounted for 50% of Chinese imports in 2023, which is a considerable figure but well below New Zealand's 57% market share in 2023. Instead, almost all of the increase of Chinese imports came from Australia, which increased its sales by 43%, up to 197,448 tons. This meant ...

Source: Portaldelcampo