Beef Australian export value hits $7.79 billion
Photo: Miroslaw / pixelio.de
fleischwirtschaft.com — AUSTRALIA, Sydney Unprecedented Australian cattle slaughter underpinned record beef and veal export volumes in 2014, which helped the overall export value finish the year at a $7.79 bn. – 36% greater than the previous record set in 2013.
The US alone accounted for $2.43 bn., up 138% year-on-year, with almost 400,000 t swt exported to the US during the year. Assisting the strong market was the low point in US beef production, coupled with strong global demand and the weakening A$.
Japan was the second largest export market, both on a volume and value basis, with export receipts up 15% year-on-year, to $1.65 bn., with over half (54%) of the value accounted for by chilled boneless product, at $894 mill.
The export value to Korea in 2014 finished the year 20% higher than the year before, at $945 mill., while to China, the value declined 9%, to $660 mill.
Export values to the Middle East ($374 mill.) increased 13% year-on-year, despite a slight reduction in the volume exported, while Indonesia ($280 mill.) increased 45%, assisted by a significant volume increase.
The EU export value jumped 38%, to $279 mill., coinciding with a slight increase in volume, and remained the most valuable large market on a dollar per kg basis, at $10.53/kg.
The forecast weaker A$ will assist export values in 2015, yet the anticipated tighter supplies are likely to underpin an overall decline in export values this year.
Japan was the second largest export market, both on a volume and value basis, with export receipts up 15% year-on-year, to $1.65 bn., with over half (54%) of the value accounted for by chilled boneless product, at $894 mill.
The export value to Korea in 2014 finished the year 20% higher than the year before, at $945 mill., while to China, the value declined 9%, to $660 mill.
Export values to the Middle East ($374 mill.) increased 13% year-on-year, despite a slight reduction in the volume exported, while Indonesia ($280 mill.) increased 45%, assisted by a significant volume increase.
The EU export value jumped 38%, to $279 mill., coinciding with a slight increase in volume, and remained the most valuable large market on a dollar per kg basis, at $10.53/kg.
The forecast weaker A$ will assist export values in 2015, yet the anticipated tighter supplies are likely to underpin an overall decline in export values this year.