New snapshots provide insights and trends in major Australian export markets
29 November 2016
In addition to the global export snapshots MLA launched earlier this month, market specific export snapshots have also been released. These reports capture export volume and product type data and monitor long term trends, and are accessible through the MLA website or by subscription.
Points of interest from the latest reports include;
- Shipments of beef to Korea for the 12-months ending October were up 9% year-on-year. Grainfed volumes were up 28% to 53,201 tonnes swt, while grassfed product increased 2% to 122,423 tonnes swt. However, total exports for the month of October decreased 3% from year-ago levels, largely due to a reduction in Australian grassfed beef exports (back 12%) and safeguard volumes being triggered, despite an 18% lift in grainfed volumes year-on-year.
- Beef exports to North America declined 41% for the 12-months ending October. Volumes to the US near halved – with both chilled and frozen exports decreasing by a similar magnitude, following a decline in Australian supplies and increased US production.
- Beef shipments to Japan during October declined 20% for both grainfed and grassfed product. Interestingly, volumes of grassfed and grainfed product each made up approximately 50% of exports over the last year, illustrating a shift towards grainfed supplies while reduced availability of grassfed product limits exports.
- Lamb exports to the US lifted for the 12-months ending October from year-ago levels, up 12% to 52,903 tonnes swt. In October, shipments lifted 6% year-on-year, to 4,850 tonnes swt. Meanwhile, sheepmeat exports to China for the 12-months ending October declined 8% year-on-year, despite lamb volumes lifting 19% year-on-year.
Join myMLA today
One username and password for key integrity and information Systems (LPA/NVD, NLIS, MSA & LDL).
A personalised online dashboard that provides news, weather, events and R&D tools relevant to you.
Customised market information and analysis.
Already registered for myMLA?