AUSTRALIA

Australian exports stay firm as global landscape shifts

Beef

Beef exports lifted 46% from April 2023 to 113,431 tonnes. This is the largest beef export volume for April since 2015, and the second highest on record.

Posted on May 24 ,00:10

Australian exports stay firm as global landscape shifts

Exports lifted in most major exports markets, with the United States remaining the largest beef market with exports rising 127% from last year to 27,257 tonnes.

Large increases were also seen in several smaller markets across South-East Asia and the Middle East and North Africa (MENA) region. Exports to Thailand more than doubled to 2,141 tonnes, while exports to Saudi Arabia lifted 235% to 1,602 tonnes.

The only major market where exports dipped was for China, where volumes eased 11% compared to last year to 14,888 tonnes. Between considerable increases in exports to smaller markets and a slight fall in exports to China, Australia’s beef exports are now the most diversified they’ve been since 2016; exports outside of Australia’s top four markets have made up 25% of the total in 2024 so far, compared to 17% for the first four months of 2023 and 15% in 2022.

Lamb exports rose 41% from April last year to 31,318 tonnes, while mutton exports rose 20% to 18,913 tonnes. This is the largest April export figure for lamb, mutton, and overall sheepmeat exports on record, following very strong export totals in February and March.

The United States remained the largest market for Australian lamb exports, while mutton exports to MENA lifted 144% from last year to 5,853 tonnes, displacing China as our biggest mutton market for the month.

Growth in mutton export volumes was observed across the entire MENA region, but especially in the Gulf States; exports to Saudi Arabia rose 153% to 1,956 tonnes, exports to the United Arab Emirates lifted 28% to 804 tonnes and exports to Qatar lifted a massive 501% to 765 tonnes.

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