Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Australia - 2023
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Australia (FOB) - 2023
- Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Australia
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Australia (FOB) - 2023
In December 2023, the average export price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $3,907 per ton, rising by 6.1% against the previous month. Overall, the export price continues to indicate perceptible growth. The growth pace was the most rapid in February 2023 an increase of 150% against the previous month. As a result, the export price reached the peak level of $7,172 per ton. From March 2023 to December 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Kuwait ($5,422 per ton), while the average price for exports to the United Arab Emirates ($2,352 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Australia
In 2022, after two years of decline, there was significant growth in shipments abroad of fresh or chilled carcasses and half-carcasses of bovine meat, when their volume increased by 185% to 413 tons. In general, exports, however, continue to indicate a deep setback.
In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat skyrocketed to $1.9M in 2022. Over the period under review, exports, however, showed a pronounced shrinkage.
| Export of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 625 | 0% |
| New Zealand | N/A | N/A | N/A | 408 | 0% |
| United States | 84.0 | N/A | N/A | 403 | 68.7% |
| United Arab Emirates | 1,027 | 785 | 460 | 337 | -31.0% |
| Philippines | 1.2 | N/A | N/A | 43.0 | 229.7% |
| Kuwait | 58.6 | 23.6 | 11.8 | 31.4 | -18.8% |
| Singapore | 6.1 | 1.0 | 0.8 | 29.2 | 68.5% |
| South Korea | 234 | N/A | N/A | 10.0 | -65.0% |
| Japan | 52.8 | N/A | N/A | N/A | 0% |
| Brunei Darussalam | 317 | N/A | N/A | N/A | 0% |
| Others | 374 | 5.6 | 0.9 | 61.0 | -45.4% |
| Total | 2,155 | 815 | 474 | 1,947 | -3.3% |
Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Australia in 2022:
- New Zealand (122.8 tons)
- United Arab Emirates (90.9 tons)
- Canada (73.5 tons)
- United States (56.0 tons)
- Philippines (35.7 tons)
- Singapore (14.1 tons)
- Kuwait (10.2 tons)
- South Korea (2.6 tons)
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