16 August 2013

2 minute read

Oceania

Analysts at Meat and Livestock Australia say that this is the second highest fiscal year value on record, with the highest set in 2008-09.

Boosting market value, total export volumes in 2012-13 (1.01 million tonnes) increased substantially, up seven per cent year-on-year and eight per cent on the five-year average, and encouragingly, the average per tonne value improved marginally by one per cent from 2011-12 values, to A$5,002/tonne.

Export values to Japan were seven per cent lower year-on-year, at A$1.47 billion, and 18 per cent below the five-year average, underpinned by lower export volumes over the period, at 298,840 tonnes.

MLA said that interestingly, the 2012-13 per tonne value to Japan increased slightly by one per cent on 2011-12, to average A$4,917/tonne.

US export values totalled A$973 million for 2012-13, up nine per cent year-on-year, assisted by the high 90CL prices and a slight rise of one per cent in the export volume for the year (206,570 tonnes).

Underpinned by a higher overall export value and steady volumes, the average per tonne value to the US was A$4,709/tonne, up eight per cent year-on-year.

The export value to Korea also improved during 2012-13, up eight per cent year-on-year and six per cent on the five-year average, to A$704 million.

Export volumes of137,695 tonnes for 2012-13 rose by 12 per cent year-on-year, however, the per tonne value decreased 4 per cent over the period, to average A$5,113/tonne.

With export volumes to China reaching 92,279 tonnes during 2012-13, more than ten-fold higher year-on-year, total market value increased 593 per cent, to A$411 million.

The Middle East export value improved as well, up 45 per cent year-on-year, at A$251 million, underpinned by a 51 per cent increase in export volumes, to 47,912 tonnes.