Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Australia - 2023
Contents:
- Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Australia (FOB) - 2022
- Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Australia
Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Australia (FOB) - 2022
In 2022, the average export price for frozen carcasses and half-carcasses of bovine meat amounted to $4,087 per ton, growing by 16% against the previous year. In general, the export price continues to indicate modest growth. The growth pace was the most rapid in 2018 when the average export price increased by 57%. As a result, the export price reached the peak level of $5,537 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($10,437 per ton), while the average price for exports to the Philippines ($2,075 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Australia
In 2022, shipments abroad of frozen carcasses and half-carcasses of bovine meat was finally on the rise to reach 391 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a precipitous setback.
In value terms, exports of frozen carcasses and half-carcasses of bovine meat skyrocketed to $1.6M in 2022. Overall, exports, however, continue to indicate a abrupt slump.
| Export of Frozen Carcasses and Half-Carcasses of Bovine Meat in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 126 | 220 | 513 | 943 | 95.6% |
| Taiwan (Chinese) | N/A | 121 | N/A | 317 | 61.9% |
| China | 477 | 34.3 | 94.0 | 122 | -36.5% |
| Kuwait | 0.8 | N/A | 75.7 | 78.9 | 362.0% |
| Saudi Arabia | 1,157 | 26.5 | 340 | 77.2 | -59.4% |
| Philippines | 5.8 | 160 | N/A | 51.8 | 107.5% |
| Jordan | 57.3 | 59.6 | N/A | N/A | 4.0% |
| Malaysia | 112 | N/A | 7.1 | N/A | -74.8% |
| French Polynesia | 239 | 3.2 | 30.4 | N/A | -64.3% |
| United Arab Emirates | 162 | 575 | N/A | N/A | 254.9% |
| Others | 212 | 272 | 210 | 6.4 | -68.9% |
| Total | 2,549 | 1,472 | 1,270 | 1,596 | -14.4% |
Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from Australia in 2022:
- Egypt (250.4 tons)
- China (34.0 tons)
- Taiwan (Chinese) (30.4 tons)
- Saudi Arabia (25.0 tons)
- Kuwait (25.0 tons)
- Philippines (25.0 tons)
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