MLA: Australia becomes the most valuable beef...

Australia becomes the most valuable beef exporter


AUSTRALIA, Sydney. Australia was the world’s most valuable beef exporter in 2019, with total exports generating US$7.5 billion (A$10.8 billion).

According to MLA data Brazil was the world’s largest exporter on a volume basis, exporting 1.57 million tonnes swt of fresh/frozen beef. Argentina won the award for most improved, growing their volume of exports 53% year-on-year.

Global export figures for 2019 have been published, with 7.3 million tonnes swt of beef/veal being exported on a global scale last year. Brazil firmly established itself as the top exporter by volume, followed by Australia, India and the US. However, while Australia sits behind Brazil in terms of volume exported, it betters its larger rival when comparing the total value of beef exports.

A 9% increase in export volume, combined with an average US exchange rate of 69.5 cents enabled Australia’s beef export value to expand by 17% on 2018. The prominent recipient of this growth was China, who as a single destination for Australian beef, contributed US$1.85 billion for the year, up a staggering US$883 million from 2018. Australia’s second most valuable market was Japan, contributing US$1.63 billion, back 3% on 2018.