Australia Held 50% Share of Korean Beef Imports
AUSTRALIA and KOREA - Korea imported 152,721 tonnes swt of Australian beef in 2011, giving Australian beef a 50 per cent market share of Korea’s imported beef market (KITA), reports Meat and Livestock Australia (MLA).
31 January 2012
1 minute read
MLA states that total Korean beef imports for 2011 reached 307,613 tonnes swt - an increase of 18 per cent year-on-year. Beef imports in Korea for 2011 were the third largest on record and only slightly behind the peak of 325,866 tonnes swt in 2003. Korea’s growth in imported volumes for 2011 can be attributed to several factors, including the impact of foot-and-mouth disease (FMD) on local beef consumption and the overall growth in meat demand.
The US share of the Korean import market increased from 32 per cent in 2010, to 37 per cent in 2011, totaling 115,334 tonnes swt - supplying 41 per cent of total frozen and 21 per cent of chilled beef imports.
Frozen beef made up 92 per cent of total Korean imports of US beef. Korean imports of New Zealand beef remained largely unchanged, totalling 34,323 tonnes swt, making up 11 per cent market share in 2011, while Mexican beef made up two per cent of total Korean beef imports.
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