Global markets for Australian meat export wrap

Published 2022년 3월 9일

Tridge summary

In 2021, Australia's red meat exports faced challenges due to the COVID-19 pandemic and its impact on supply chains, as well as lower production. Despite these challenges, exports represented 72% of total production, with a slight decrease of 10.4% compared to the previous year. Beef and veal exports saw a 14.6% decline, with Japan being the largest customer, while South Korea's imports increased significantly. Lamb and mutton exports remained steady, but there was a notable decrease in the Middle East and North Africa due to increased air freight costs and the end of subsidies on Australian lamb imports by Qatar. Goat exports experienced a 35% increase in volume and a 13% increase in price. Looking ahead, Australia is in a strong position to capitalize on high prices and constrained supply, with production projected to rise and supply chain constraints expected to ease further in the third quarter of 2022.

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

Original content

Global trade remained challenging for global exports in 2021 as the COVID-19 pandemic continued to create supply chain and logistical issues. Lower production also compounded the impact on Australian exports as herd rebuilding continued. However, increased prices across international markets kept export volumes high relative to production. As a result, exports represented 72% of total red meat production over the year. In total, Australia exported 1.45 million tonnes of red meat, a 10.4% decline from 2020 levels. Beef and veal exports declined by 14.6% to total 887,682 tonnes. Japan was Australia’s largest customer in 2021, importing 216,000 tonnes of Australian beef, a 13% decline from 2020. This decline was due to several factors. Firstly, beef imports dropped overall by 2.6% as local production increased and the food service sector remained depressed as a result of COVID-19 related disruption. Secondly, large increases in export volumes from Canada, New Zealand and Mexico ...

Source: Mla