Korea remains an important market to the Australian red meat industry. Australian red meat (beef and veal, lamb and mutton) exports to Korea during 2012-13 totalled 141,555 tonnes swt, primarily assisted by improved beef and veal shipments.
Australian beef and veal exports to Korea during 2012-13 rose 12% on 2011-12, at 137,695 tonnes swt, partly assisted by improved shipments from October in 2012 onwards. Increased frozen beef exports, at 105,187 tonnes swt (up 17%), offset lower shipments of chilled product (down 2%, at 32,508 tonnes swt). Coinciding with improved beef and veal exports during 2012-13, beef export values also lifted 8% compared to 2011-12, at A$704 million.
Sheepmeat is not a major part of the Korean diet. However, Australian sheepmeat exports to Korea rose steadily over the last few years, with the volume during 2012-13 totalling 3,860 tonnes swt (2,888 tonnes swt of lamb and 972 tonnes of mutton) – the second highest exports on record. The trade was valued at A$187 million.
Read Red Meat Market Report - Korea: Korean beef market 2013 update and outlook
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