Australia - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia's November 2023 Export of Chicken Meat Plummets to $7.6M
Australia Chicken Meat Exports
For the third consecutive month, Australia recorded decline in overseas shipments of chicken meat, which decreased by -3.8% to 4K tons in November 2023. In general, exports showed a mild curtailment. The most prominent rate of growth was recorded in August 2023 when exports increased by 27% against the previous month. As a result, the exports reached the peak of 5.1K tons. From September 2023 to November 2023, the growth of the exports failed to regain momentum.
In value terms, chicken meat exports reduced to $7.6M (IndexBox estimates) in November 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when exports increased by 28% m-o-m.
| COUNTRY | Export Value of Chicken Meat in Australia (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| Papua New Guinea | 2.7 | 3.3 | 1.6 | 2.9 | 2.6 | 1.5 | 2.0 | 2.4 | 3.9 | 5.0 | 5.0 | 4.1 | 3.1 |
| Vanuatu | 1.4 | 0.5 | 0.5 | 0.8 | 0.6 | 0.6 | 0.5 | 1.0 | 0.9 | 0.8 | 0.7 | 0.8 | 1.4 |
| Solomon Islands | 1.2 | 0.8 | 0.7 | 0.6 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.6 | 0.7 | 1.0 | 0.9 |
| Philippines | 1.6 | 0.5 | 0.6 | 0.5 | 1.3 | 1.3 | 1.1 | 1.0 | 0.8 | 1.1 | 0.6 | 0.5 | 0.5 |
| Kiribati | 0.2 | 0.6 | 0.7 | 0.4 | 0.6 | 0.5 | 0.4 | 0.5 | 0.3 | < 0.1 | 0.2 | 0.2 | 0.5 |
| South Africa | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.3 | N/A | 0.3 | 0.2 | 0.2 | < 0.1 |
| Others | 0.9 | 0.8 | 0.8 | 0.9 | 1.0 | 1.0 | 0.8 | 1.5 | 1.3 | 0.9 | 1.4 | 1.5 | 1.2 |
| Total | 8.1 | 6.7 | 5.1 | 6.3 | 6.8 | 5.4 | 5.5 | 7.0 | 7.6 | 8.8 | 8.8 | 8.4 | 7.6 |
Exports by Country
Papua New Guinea (1.8K tons) was the main destination for chicken meat exports from Australia, accounting for a 45% share of total exports. Moreover, chicken meat exports to Papua New Guinea exceeded the volume sent to the second major destination, Vanuatu (583 tons), threefold. Solomon Islands (449 tons) ranked third in terms of total exports with an 11% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of volume to Papua New Guinea was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Vanuatu (-0.6% per month) and Solomon Islands (-2.3% per month).
In value terms, Papua New Guinea ($3.1M) remains the key foreign market for chicken meat exports from Australia, comprising 40% of total exports. The second position in the ranking was held by Vanuatu ($1.4M), with an 18% share of total exports. It was followed by Solomon Islands, with a 12% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of value to Papua New Guinea was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Vanuatu (+0.3% per month) and Solomon Islands (-2.1% per month).
Exports by Type
Frozen cuts of chicken (3.8K tons) was the largest type of chicken meat exported from Australia, accounting for a 96% share of total exports. Moreover, frozen cuts of chicken exceeded the volume of the second product type, frozen whole chickens (150 tons), more than tenfold. The third position in this ranking was taken by fresh or chilled cuts of chicken (25 tons), with a 0.6% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of the volume of export of frozen cuts of chicken stood at -1.2%. With regard to the other exported products, the following average monthly rates of growth were recorded: frozen whole chickens (-9.6% per month) and fresh or chilled cuts of chicken (-0.5% per month).
In value terms, frozen cuts of chicken ($7.1M) remains the largest type of chicken meat exported from Australia, comprising 93% of total exports. The second position in the ranking was taken by frozen whole chickens ($304K), with a 4% share of total exports. It was followed by fresh or chilled cuts of chicken, with a 2.7% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of the export volume of frozen cuts of chicken was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: frozen whole chickens (-8.1% per month) and fresh or chilled cuts of chicken (-0.3% per month).
Export Prices by Country
In November 2023, the chicken meat price stood at $1,908 per ton (FOB, Australia), which is down by -5.8% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in September 2023 when the average export price increased by 21% against the previous month. As a result, the export price attained the peak level of $2,064 per ton. From October 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Vanuatu ($2,403 per ton), while the average price for exports to Benin ($1,028 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the chicken meat 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 1058 - Chicken meat
- FCL 1059 - Offals and liver of chickens
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
