Lamb set to record biggest year of exports

lamb-meat--6

The US will remain Australia’s largest destination for lamb, building on six consecutive years of growth.

Australian sheepmeat exports are on track to have their largest export year since 2014, with lamb set to record its biggest year of exports.

In 2017, mutton will reverse two years of decline and record growth on the back of a significant increase in domestic supplies, especially in the second half of 2017.

The two key markets for growth have been China and the US, with Korea also seeing some large increases. Despite the growth in pricing across lamb and sheep in 2017, international demand has remained robust.

US

The US will remain Australia’s largest destination for lamb, building on six consecutive years of growth. Lamb is a niche protein in the US, which means small changes in per capita consumption can result in significant shifts in total consumption volumes.

Australia, the dominant supplier to the US, is currently benefiting from the strong growth of lamb that is occurring in fast food and casual dining.

This is being driven by some changing demographics and the shift in demand for more convenient and affordable lamb options such as lamb burgers, meatballs and kebabs.

There continues to be opportunity to improve Americans familiarity and knowledge of how to prepare lamb, which is where MLA’s Food Influencer program, which includes food bloggers, is seeking to grow Australian lamb’s profile with our target consumer; those who seek variety in what they eat with high disposable incomes.

China

After three years of decline, sheepmeat exports have had significant growth again in 2017. This has been driven by lamb, which will record its biggest year of exports to China.

Chinese consumers perceive lamb to be a superior protein of high nutritional value (versus chicken and pork), but find it more difficult to prepare and cook.

This means lamb is mostly ‘eaten out’, with a large proportion of Australian exported lamb consumed in the foodservice sector, particularly in hot pot restaurants.

China remains a key market for Australian sheepmeat, however the price-sensitive nature of the market and ongoing market access challenges (including cold chain infrastructure) will dictate the size of future growth.

Middle East

Sheepmeat exports to the Middle East have tracked in line with 2016 levels with stability across all major market destinations. Chilled product to the region is likely to be close to 2016’s record numbers, with Dubai and Qatar maintaining their strong demand and Australia exporting chilled product to Iran for the first time since 2013.

This continues the recent trend towards premium product to the region that has seen Australia’s export price per kilogram almost double in the last 10 years.

This was driven by a combination of increasing disposable incomes, westernisation, large expat professional populations and developing tourism sectors across the Middle East.

There is plenty of competition in the region with an increased presence of cheaper product from Romania and North Africa.

https://www.mla.com.au/prices-markets/market-news/how-have-key-sheepmeat-export-markets-tracked-in-2017/

UPCOMING SALES / EVENTS
« July 2018 » loading...
M T W T F S S
25
26
27
28
29
30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
4
5