New Zealand: Red meat sector exports to Italy increased by 244 percent in October

Published 2022년 11월 30일

Tridge summary

New Zealand's red meat exports in October saw a significant increase, with a 244% rise in exports to Italy compared to the same period in 2021. The total red meat export value for the month was $737 million, a 6% increase year-on-year, with China being the largest market. There was a notable 37% increase in the value of hides and skins, and a 38% increase in the value of casings and tripe. However, the export volume and value of sheepmeat and beef have decreased by 6% compared to 2021. The Meat Industry Association is closely monitoring the Chinese market due to potential demand changes.

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

Original content

30 November 2022 New Zealand’s red meat sector exports to Italy increased by 244 per cent in October, compared with 2021, with demand for sheepmeat and beef hides soaring, according to an analysis by the Meat Industry Association (MIA). Overall, red meat exports for the month were worth $737 million, a six per cent increase on October last year. China was again the largest market, at $290m, followed by the US ($134m), Japan ($32m) and then Italy ($26m). Exports to Canada were also up 82 per cent on last October by value, to $22m. MIA Chief Executive Sirma Karapeeva said that October had been a steady month for exports, with Italy the stand-out change from 2021. “Italy is an important market for beef hides, which are used for the manufacturing of luxury goods. The value of these exports increased from $5.6m last October to $19.5m this October and this was the highest monthly value for more than four years. “Sheepmeat exports to Italy were also worth $4.3m, compared to virtually ...

Source: Mia