Report by MLA:
As the world’s largest sheepmeat and goatmeat exporter, and third largest beef exporter behind Brazil and India, Australia consistently exports more than 65% of its red meat production to overseas markets.
That’s according to The Australian red meat and livestock industry State of the Industry Report 2019, launched today by the Red Meat Advisory Council (RMAC).
The report, compiled by Meat & Livestock Australia (MLA) on behalf of the red meat industry, provides an overview of Australia’s red meat and livestock industry, including figures on production, consumption, exports, and the economic significance of the industry.
MLA Managing Director, Jason Strong, said the report highlighted that while Australia is a relatively small producer of red meat, it plays a big role in global export markets.
“Continued diversification of export destinations has allowed Australia to maximise returns and help mitigate exposure to market and trade risks,” Mr Strong said.
“Australia exported 65% of beef, 73% of sheepmeat and 90% of goatmeat production in 2018, valued at more than $13.5 billion. This makes Australia the world’s largest red meat exporter by value.
“Australia is also a major player in the livestock export trade, exporting 1.1 million cattle and 1.2 million sheep, worth a combined $1.5 billion in 2018.
“Red meat and livestock exports totalled approximately $15 billion in 2017-18, down 13% year-on-year, but approximately 59% above 2012-13 levels.”
RMAC Chief Executive Officer, Anna Campbell, said the report is an important tool for highlighting key flashpoint areas for the attention of industry and policy makers, including market access to the European Union, the rise of alternative proteins and the impact of natural disasters.
“Improving trade access into emerging and currently restricted markets is critical for the ongoing competitiveness and prosperity of the Australian red meat and livestock industry,” Ms Campbell said.
“The industry is operating in an environment where total world meat consumption continues to increase. Over the last two decades, total global consumption has increased by 64% at an average rate of 2% per year for sheepmeat and 1% for beef.
Click here to read the full report by MLA.