Australia's live sheep trade remains lacklustre

Published 2023년 4월 4일

Tridge summary

In 2022, Australia's live sheep exports hit a seven-year low, with a 13% decrease from the previous year, totaling just over 502,000 head. This figure represents a 40% drop from the five-year average. Kuwait continued to be the largest market, accounting for 36% of these exports. However, exports to other Gulf countries, such as Qatar, UAE, and Oman, saw significant declines. Conversely, trade with Israel recovered to pre-pandemic levels, experiencing a 79% increase compared to the previous year. Overall, industry forecasts predict a slight rise in exports to 500,000 head in 2023, with projections showing a gradual increase to 580,000 by 2025.

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

Original content

Live sheep export numbers were down 13% year-on-year for 2022, with slightly more than 502,000 head leaving Australia. It wasn’t a significant drop off from 2021, but historically it set a new low since at least 2008, and it was 40% below the five-year average annual total. Meat and Livestock Australia’s most recent industry projections have live sheep export numbers dropping to 500,000 this year, before lifting marginally each year out to 580,000 in 2025, which would be 16% above 2022 levels. This is a significant walk back from the 650,000 head figure from the previous MLA projections figure for 2023 live sheep export numbers.Kuwait remained the largest market for live export sheep in 2022, at 36%, but that was down from the 60% of the market share it made up in 2021. Total live sheep exports to Kuwait for the 12 months ending February were down about 40% year-on-year, and for January/February 2023 were down more than 50%. When it comes to the other gulf countries, all of which ...

Source: Mecardo