Australia and Oceania: Preserved Beef Market 2024

Preserved Beef Market Size in Australia and Oceania

The preserved beef market in Australia and Oceania dropped slightly to $X in 2023, which is down by X% against the previous year. The total consumption indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Preserved Beef Production in Australia and Oceania

In value terms, preserved beef production declined modestly to $X in 2023 estimated in export price. The total production indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Preserved Beef Exports

Exports in Australia and Oceania

In 2023, overseas shipments of beef and veal (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, preserved beef exports reduced modestly to $X in 2023. In general, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Australia (X tons) was the largest exporter of beef and veal (salted, in brine, dried or smoked), generating X% of total exports. It was distantly followed by New Zealand (X tons), comprising a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to preserved beef exports from Australia stood at X%. New Zealand (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) and New Zealand ($X) constituted the countries with the highest levels of exports in 2023.

New Zealand, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Preserved Beef Imports

Imports in Australia and Oceania

In 2023, approx. X tons of beef and veal (salted, in brine, dried or smoked) were imported in Australia and Oceania; with an increase of X% compared with 2022 figures. In general, imports, however, showed a precipitous curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, preserved beef imports skyrocketed to $X in 2023. Overall, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tons) and Marshall Islands (X tons) were the major importers of beef and veal (salted, in brine, dried or smoked) in 2023, resulting at approx. X% and X% of total imports, respectively. New Zealand (X tons) held the next position in the ranking, followed by New Caledonia (X tons), Micronesia (X tons) and Samoa (X tons). All these countries together held near X% share of total imports. French Polynesia (X kg) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Samoa (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by New Caledonia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia totaled X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and New Caledonia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, surging by X% against the previous year. Import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, preserved beef import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Marshall Islands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform