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Australian Beef Export Values over A$5 billion

16 August 2013

AUSTRALIA - During the 2012-13 financial year, Australian beef and veal export values were up by eight per cent year-on-year and 11 per cent on the five-year average, at A$5.07 billion, according to data from the Australian Bureau of Statistics.

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.



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