In March, Australian red meat exports experienced a significant surge, reflecting a positive trend in the industry. The total exports of red meat, including beef, lamb, mutton, and goat meat, demonstrated substantial growth compared to the same period last year.
Beef exports saw a notable increase of 8%, with Australia exporting 106,574 tonnes. Particularly striking was the surge in exports to the United States, which rose by an impressive 58% to reach 29,346 tonnes. This surge is attributed to declining domestic beef production in the US, prompting increased imports from Australia.
Meanwhile, lamb exports witnessed a remarkable 36% increase year-on-year, totaling 30,707 tonnes in March. The United States remained the largest export market, with a 50% surge in exports compared to last year. Additionally, exports to the Middle East and North Africa Region (MENA) saw substantial growth, driven by strong economic performance and a burgeoning foodservice sector.
In contrast, mutton exports experienced a slight decline of 6% from March 2023. However, exports to the MENA region surged by 49%, indicating growing demand in key markets. China remained the largest market for mutton exports, despite a 37% decrease compared to the previous year.
Similarly, goat exports increased by 5%, with significant growth observed in exports to the United States and South Korea. Exports to the United States saw a remarkable 73% increase year-on-year, accounting for 57% of total exports.
Overall, the surge in Australian red meat exports reflects strong demand in key markets and underscores the resilience of the country's livestock industry. As global demand for high-quality protein continues to rise, Australia remains well-positioned to meet the needs of consumers worldwide.
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