Australia's beef exports hit a record $11 billion in 2020 and are expected to surpass this figure in 2021, with over 50 countries as customers. The industry has come a long way since its humble beginnings in the late 1800s, with significant milestones including the introduction of chilled beef exports in the 1930s and a shift towards value-adding in the 1960s due to demand from the United States. The industry faced challenges such as the loss of the UK market in the 1970s and disease outbreaks among competitors, but used these setbacks to diversify its markets. The late 1990s saw a strategic shift towards targeting the high-end market in Asia, driven by consumer demand for quality. More recently, Brexit and the resulting free trade agreement with the UK have provided new opportunities for Australian beef exports.