Korea remains an important market to the Australian red meat industry.
Australian red meat (beef and veal, sheepmeat and offal) exports to Korea during 2013 hit an all-time high, at 174,556 tonnes swt (Department of Agriculture).
Assisted by steady shipments to Korea throughout 2013, annual shipments were 15% higher than the previous year, at 144,365 tonnes swt. Increased volumes were registered for frozen grassfed beef in particular – up 26% year-on-year, to 98,800 tonnes swt, while chilled grainfed beef rose 3%, to 17,197 tonnes swt. In contrast, chilled grassfed beef and frozen grainfed beef shipments fell 9%, to 14,545 tonnes swt and 5%, to 13,822 tonnes swt, respectively.
Australian sheepmeat exports to Korea have increased steadily for the past four years, with the 2013 volume at 4,167 tonnes swt. The second highest annual exports comprised of the largest lamb exports, at 3,175 tonnes swt, and 992 tonnes swt of mutton (up 4% year-on-year).
Korea also took the largest quantity of Australian offal during 2013 (at 26,024 tonnes swt), with skirt and intestine exports each rising 45% year-on-year and 21%, to 5,652 tonnes swt and 5,477 tonnes swt, respectively.
Research Paper: Korean domestic cattle and beef updates and outlook - September 2014
Read Red Meat Market Report - Korea: Korean beef market 2013 update and outlook - September 2013
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