Australia’s sheep meat industry is experiencing a remarkable upswing, driven by record-high prices and surging global demand for lamb and mutton. As the world’s leading exporter of sheep meat, Australia is capitalizing on expanding international markets and a strong domestic supply chain.

 

Recent trade data shows that Australian exports of lamb, mutton, and goat meat reached 702,000 metric tons in 2024—valued at $3.6 billion—marking a new record. In just the first four months of 2025, shipments have already exceeded the same period in 2024 by 10%, reinforcing the nation’s growing influence in the global meat trade.

 

A key factor in this growth is a rise in international demand, particularly from China, the United States, the United Kingdom, the European Union, and the Middle East. Rising incomes, shifting consumer preferences, and high beef prices are encouraging a broader consumer base to turn to lamb and mutton.

 

“Australia has expanded its market share while delivering consistent quality, helping solidify its position in the global value chain,” said Matt Dalgleish, a livestock and meat analyst at Episode 3. He noted that while seasonal fluctuations are expected, the long-term outlook remains strong due to tight global supply and increasing demand.

 

The national price for heavy lambs recently reached an all-time high of nearly A$11 ($7.14) per kilogram, up 50% from the same time last year, according to Meat & Livestock Australia. Processors’ growing need for supply is supporting farmers and boosting rural economies.

 

Australia’s success is further amplified by supply-side challenges in New Zealand, its closest competitor in the global sheep meat market. While Australia’s flock has grown, New Zealand’s has declined annually since 2012, partly due to land use shifts toward carbon credit-generating pine forests.

 

“This is a strategic advantage for Australia,” said Angus Gidley-Baird of Rabobank. “New Zealand’s stagnating output presents a clear opportunity for Australia to meet rising international demand.”

 

As Australia continues to strengthen its agri-export capabilities, its role as a vital supplier of premium meat products remains secure, contributing significantly to the nation’s trade performance and economic growth.

 

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