News

Australia: Record $17b in red meat exports shipped out last year

Meat
Australia
Market & Price Trends
Published Feb 4, 2024

Tridge summary

Australia has set a new record by exporting $17.08 billion worth of red meat to over 100 countries in the year ending November 2023, as per Meat & Livestock Australia (MLA). The MLA's 2024 annual global market snapshots highlight the Middle East and South-East Asia as emerging markets with significant potential due to their young, affluent consumers. The growing trend of dining out and acceptance of packaged meat products in these regions are fueling the demand for premium red meat.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Australia exported 1.84 million shipped weight tonnes of red meat to more than 100 countries, worth a record $17.08 billion for the 12 months ending November 2023, new data from Meat & Livestock Australia shows. MLA's annual global market snapshots for 2024 provide insights into where the volume and value were distributed to, and drivers of demand in each market. The snapshot reports are collated to illustrate the competitive advantages and growth opportunities for Australian red meat across the world. Covering 14 markets for beef and sheep meat, the snapshots provide industry stakeholders access to topline insights on consumer demographics, perceptions, habits and trends, as well as key export statistics, analysis and updates on trade access and the competitive landscape. Key insights: MLAs Manager of Global Market Insights and Adoption Mindo Kondo said the young, expanding and increasingly affluent consumers in emerging regions such as the Middle East and South-East Asia provide ...
Source: Farmweekly
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