UNPRECEDENTED Australian cattle slaughter underpinned record beef and veal export volumes in 2014, which helped the overall export value finish the year at a $7.79 billion – 36 per cent greater than the previous record set in 2013.
Nanjing Night Net

Meat and Livestock Australia reports the United States alone accounted for $2.43 billion, up 138pc year-on-year, with almost 400,000 tonnes shipped weight exported to the US during the year. Assisting the strong market was the low point in US beef production, coupled with strong global demand and the weakening $A.

Japan was the second largest export market, both on a volume and value basis, with export receipts up 15pc year-on-year, to $1.65 billion, with over half (54pc) of the value accounted for by chilled boneless product, at $894 million.

The export value to Korea in 2014 finished the year 20pc higher than the year before, at $945 million, while to China, the value declined 9pc, to $660 million.

Export values to the Middle East ($374 million) increased 13pc year-on-year, despite a slight reduction in the volume exported, while Indonesia ($280 million) increased 45pc, assisted by a significant volume increase.

The EU export value jumped 38pc, to $279 million, coinciding with a slight increase in volume, and remained the most valuable large market on a dollar per kilogram basis, at $10.53/kg.

The forecast weaker $A will assist export values in 2015, yet the anticipated tighter supplies are likely to underpin an overall decline in export values this year.

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