Beef Imports Up 20 Per Cent In 2011

SOUTH KOREA - Korean beef imports totalled 23,533 tonnes swt during November, taking the total for the first 11 months of 2011 to 283,103 tonnes swt (KITA), up 20 per cent year-on-year, reports Meat and Livestock Australia (MLA).
calendar icon 23 December 2011
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Meat & Livestock Australia

MLA states that for the same period in 2003 (prior to the US BSE outbreak and subsequent Korean import ban) Korean beef imports totalled 301,459 tonnes swt.

Of the 47,484 tonnes swt increase in Korean beef imports for 2011, 66 per cent of the additional volume has been US beef, with 31 per cent Australian beef and three per cent New Zealand product.

US beef (mostly frozen) has made a solid return to the market since re-entry in the Korean beef market in July 2008. While Korea imported a monthly average of 4,803 (91 per cent frozen) tonnes swt of US beef from January to November in 2009, average monthly imports for 2011 have totalled 9,678 (92 per cent frozen) tonnes swt during the same period this year.

MLA states that Australian beef continues to maintain the largest imported market share at 49 per cent, while the US, New Zealand and Mexico hold a 38 per cent, 11 per cent and two per cent share, respectively.

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