Australia - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPork Price in Australia - 2023
Contents:
- Pork Price in Australia (CIF) - 2023
- Pork Price in Australia (FOB) - 2023
- Pork Imports in Australia
- Pork Exports in Australia
Pork Price in Australia (CIF) - 2023
The average pork import price stood at $3,656 per ton in September 2023, rising by 1.9% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in November 2022 an increase of 6.6% month-to-month. Over the period under review, average import prices reached the maximum at $3,683 per ton in February 2023; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($4,326 per ton), while the price for Italy ($2,783 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Pork Price in Australia (FOB) - 2023
The average pork export price stood at $3,362 per ton in September 2023, surging by 5% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.8%. The pace of growth appeared the most rapid in January 2023 an increase of 25% against the previous month. The export price peaked at $3,380 per ton in July 2023; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($4,237 per ton), while the average price for exports to South Korea ($1,352 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Pork Imports in Australia
Pork imports into Australia rose rapidly to 176K tons in 2022, increasing by 15% against 2021. In general, imports, however, showed a perceptible shrinkage.
In value terms, pork imports contracted to $553M in 2022. Overall, imports, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2021 when imports increased by 11%.
Import of Pork in Australia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 177 | 131 | 158 | 181 | 0.7% |
Netherlands | 87.8 | 69.0 | 133 | 158 | 21.6% |
United States | 270 | 250 | 188 | 104 | -27.2% |
Ireland | 26.4 | 34.0 | 52.4 | 71.4 | 39.3% |
Canada | 26.2 | 11.5 | 12.7 | 25.3 | -1.2% |
United Kingdom | 4.7 | 2.3 | 7.5 | 9.5 | 26.4% |
Others | 1.0 | 1.4 | 2.2 | 4.5 | 65.1% |
Total | 593 | 499 | 553 | 553 | -2.3% |
Top Suppliers of Pork to Australia in 2022:
- Denmark (58.3K tons)
- Netherlands (50.5K tons)
- United States (30.5K tons)
- Ireland (23.3K tons)
- Canada (9.1K tons)
- United Kingdom (2.8K tons)
Pork Exports in Australia
After three years of growth, overseas shipments of pork decreased by -13.3% to 28K tons in 2022. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year.
In value terms, pork exports declined markedly to $76M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year.
Export of Pork in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 36.9 | 43.2 | 51.3 | 33.5 | -3.2% |
Papua New Guinea | 13.6 | 12.5 | 13.9 | 9.4 | -11.6% |
New Zealand | 6.2 | 9.0 | 10.4 | 6.4 | 1.1% |
Philippines | 2.5 | 1.4 | 6.2 | 6.0 | 33.9% |
Hong Kong SAR | 5.2 | 17.4 | 9.9 | 4.9 | -2.0% |
Vietnam | 2.4 | 5.5 | 3.1 | 2.8 | 5.3% |
South Korea | 0.4 | 2.8 | 5.0 | 2.7 | 89.0% |
Malaysia | 1.4 | 0.6 | 0.5 | 2.0 | 12.6% |
Others | 7.4 | 5.8 | 6.4 | 8.6 | 5.1% |
Total | 75.9 | 98.3 | 107 | 76.4 | 0.2% |
Top Export Markets for Pork from Australia in 2022:
- Singapore (8.3K tons)
- Philippines (4.3K tons)
- Papua New Guinea (4.1K tons)
- New Zealand (2.8K tons)
- Vietnam (2.7K tons)
- South Korea (2.2K tons)
- Malaysia (1.4K tons)
- Hong Kong SAR (0.8K tons)
This report provides an in-depth analysis of the pork market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1035 - Pig meat
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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