Australian sheepmeat export values reach new highs in 2014-15
12 August 2015
Australian lamb exports for 2014-15 generated the highest fiscal year value on record, totalling $1.8 billion – surpassing the previous year’s record by 16%. The value of lamb exports has been steadily increasing over the last 20 years, in line with growing export volumes, and 2014-15 was no exception, with the total value 55% higher than the five-year average.
- Export values to the US surged in 2014-15, up 34% year-on-year and 63% higher than the five-year average, at $532.6 million.
- Shipments to China returned $191.3 million, 12% lower than the highs of the previous year (as a result of lower export volumes), but still historically high – 79% above the five-year-average.
- Demand from the Middle East was strong during 2014-15, with values to the UAE up 18% on the previous year, at $125.4 million, and a 53% lift in values to Jordan, totalling $89.8 million.
- The value of lamb exports to Japan climbed 14% on year-ago levels, to $85.9 million.
- Shipments to the UK generated $76.7 million during 2014-15, back 8% year-on-year, although still 20% higher than the five-year average.
Australian mutton export values increased 7% in 2014-15, compared to the year before, reaching $825.7 million – as with lamb, this was a new fiscal year record.
- The value of shipments to China declined 26% year-on-year, to $168.2 million, but was almost double the five-year average.
- The Middle Eastern markets continued to generate increasing returns, with values to Saudi Arabia totalling $85.2 million (up 48%) and the UAE $60.4 million (up 34%).
- Mutton exports to Malaysia were valued at $80.1 million – up 32% on the previous year.
- The value to the US surged 54% year-on-year, reaching $77.9 million in 2014-15.
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