News

Australia: The other nations ready to fill live sheep trade gaps

Published May 28, 2024

Tridge summary

Australia is planning to cease live sheep exports by sea by 2025, which could significantly impact Middle Eastern markets, especially Kuwait, Saudi Arabia, Israel, and Jordan, which have relied heavily on Australian live sheep imports. The global live sheep export sector, valued at $USD 1.1 billion in 2021, may see changes as Australia's exit could encourage other countries like Sudan and Romania to increase their exports. However, concerns about animal welfare on ships from these countries have been raised. The Australian government's decision has left Middle Eastern trading partners mystified and raised questions about potential food security risks.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With Australia set to stop exporting live sheep by sea within four years under the federal government's recently released plan, Middle Eastern destinations in search of live sheep could soon begin to look elsewhere to meet market demand. According to analysis from the Australian Bureau of Agricultural and Resource Economics and Sciences, in 2021 the global live sheep export sector was worth $USD 1.1 billion, with Romania, Spain and Jordan the top live sheep exporting countries by value. Australia shipped 593,514 head of live sheep in 2023. The top importers of live sheep were Middle Eastern countries including Saudi Arabia, Jordan, and Kuwait. Kuwait has been Australia's biggest importer of live sheep by sea for four years in a row, taking a 46 per cent share of total imports. Israel and Jordan were the next biggest importers of Australian live sheep. Episode 3 market analyst Matt Dalgleish said that other significant live sheep exporting nations could benefit from Australia's ...
Source: Farmweekly
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.