Australian Beef Export Values Reach $4.77 Billion15 February 2013
AUSTRALIA - Beef and veal export values in 2012 increased two per cent year-on-year, reaching $4.77 billion, according to market analysts as Meat and Livestock Australia.
While beef and veal export volumes during 2012 notched a record, values were short of the equivalent feat, influenced by a greater proportion of exports made up of frozen product and the high A$ (Global Trade Atlas).
Values to Japan declined 8 per cent compared to 2011, at $1.5 billion, with the majority (56 per cent) made up of chilled shipments, valued at $848 million, and the remainder frozen. In contrast, exports values to the US were up 37 per cent year-on-year, reaching $1 billion, with the majority (79 per cent) made up of frozen product, at $791 million.
Beef and veal export values to Korea declined 16 per cent from 2011, at $648 million, caused by reduced volumes shipped, while Taiwan accounted for $210 million, up 7 per cent year-on-year. Values to China reached $149 million, up 154 per cent over the same period, following the substantial rise in beef exports in 2012.
The value of beef and veal shipments to Russia ($149 million) declined 35 per cent year-on-year, with volumes impacted by competition from Brazil, while Indonesia’s value ($120 million) was down 30 per cent over the same period, squeezed by reduced permits.