Thursday, July 10, 2014

Australian Cattle Export Statistics and Projections for 2014


Australia exported 279,702 tonnes swt of beef to Japan during the recent 2013-14 fiscal year, which was down 6% from the previous year (data released by Department of Agriculture).There is very strong demand for Australian beef from the US, narrowing the gap between the first and second export destinations, but Japan’s demand for chilled products eventually sustained the volumes in the final month.
Beef exports to Japan during the month of June 2014 totalled 24,826 tonnes swt, which was down 2% from the same month in 2013, with a decline in frozen shipments (down 9% year-on-year, to 15,185 tonnes swt) being partially offset by an increase in chilled intake (11% higher at 9,641 tonnes swt)
Unlike most countries, Australia exports the majority of the red meat it produces. In 2012, 62% of the red meat produced was sent overseas (excluding goat meat and offal), valued at $6.3 billion.
Historically, Australia's red meat exports have been heavily weighted towards North Asian and North American markets. However in recent years, Australian exporters have been diversifying the mix of markets, with a stronger focus on markets in South Asia, Greater China and the Middle East.
Not only are the destinations of Australia's exports changing, but the composition is shifting too. MLA's latest Composition of Australian red meat exports Red Meat Market Report (published August 2012) highlights some of the key trends that were apparent in the August quarter of 2012.
These changes reflected the following: tighter grassfed cattle supplies following a widespread rain, which greatly impacted production, cautious buying in the United States, positive performance of the Japan fast-food sector on top of lower stocks in this market, and a continued decline in sheep meat production.
With June export statistics available, Australian beef exports to the US for the first half of 2014 passed 150,000 tonnes, the first time that this volume has been reached in this period since 2007. The 2013-14 financial year total was 265,000 tonnes, the largest financial year volume since 2008-09.
















 

The source of this information is from the MLA (Meat& Livestock Australia) website.

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