Beef and buffalo meat market in Oceania

Earlier Report Observations

The domestic market for beef and buffalo meat in Oceania saw considerable movement in volume from 2018 to 2023. Starting at 1.405 million tonnes, consumption dipped to a low of 1.208 million tonnes in 2021 before climbing back to 1.328 million tonnes by 2023. In value terms, the market exhibited different dynamics, peaking at 9.0 billion US dollars in 2022 before settling at 8.3 billion US dollars the following year.

The market's volume recovery in 2023 coincided with specific shifts in consumer demand. A key driver was the increasing consumption of halal beef, particularly within Muslim communities, which expanded the overall consumer base. Simultaneously, the launch of new product segments—such as organic grass-fed beef cuts and convenient marinated skewers—catered to growing preferences for sustainable, premium, and health-conscious options, stimulating additional demand.

Production beef and buffalo meat in Oceania

In kind, 2017-2020, K t

Top producers of beef and buffalo meat, 2017-2020

World map of production of beef and buffalo meat, 2017-2020

Oceania's beef and buffalo meat production saw growth for two consecutive years before declining. In 2019, production reached its peak at 3 158 K t, but by 2020 it had fallen to 2 864 K t, representing a 9.3% decrease from the previous year. Over the 2017-2020 period, production increased by 5.1%, with an average annual growth rate of 1.7%. The most significant year-on-year increase occurred in 2018, when production rose by 9.9%.

Annual dynamics of production in Oceania in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Following two years of growth, the value of beef and buffalo meat production in Oceania declined. In 2019, production value peaked at 17 824 M $ US, but in 2020 it dropped to 16 420 M $ US, marking a 7.9% decrease from the previous year. Between 2017 and 2020, the overall value increased by 12.8%, translating to an average annual growth rate of 4.1%. The largest year-on-year increase was recorded in 2019, at 10.8%.

Annual dynamics of production in Oceania in value, 2017-2020, M $ US

Exports beef and buffalo meat from Oceania

Exports in kind, K t

After two years of expansion, beef and buffalo meat exports from Oceania decreased. In 2019, exports reached their highest level at 1 753 K t, but in 2020 they fell to 1 569 K t, a 10.5% drop compared to the previous year. Over the 2017-2020 period, exports increased by 8.2%, with an average annual growth rate of 2.7%. The most substantial year-on-year increase occurred in 2018, when exports grew by 10.7%.

Annual dynamics of product's exports from Oceania in kind, 2017-2020, K t

From 2017 to 2020, the United States, China, and Japan were the primary destinations for Oceania's beef and buffalo meat exports in volume terms. The United States accounted for 24.9% of exports, China for 22.3%, and Japan for 19.3%. Together, these three countries represented 66.5% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Oceania in kind, 2017-2020

Exports in value, M $ US

Following two years of growth, the value of beef and buffalo meat exports from Oceania declined. In 2019, export value peaked at 9 894 M $ US, but in 2020 it decreased to 8 996 M $ US, a 9.1% drop from the previous year. Over the 2017-2020 period, export value increased by 16.1%, with an average annual growth rate of 5.1%. The largest year-on-year increase was recorded in 2019, at 14.8%.

Annual dynamics of product's exports from Oceania in value, 2017-2020, M $ US

Between 2017 and 2020, the leading destinations for Oceania's beef and buffalo meat exports in value terms were the United States, China, and Japan. The United States accounted for 24.9% of export value, China for 21.6%, and Japan for 19.5%. Collectively, these three markets represented 65.9% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Oceania in value, 2017-2020

Imports beef and buffalo meat to Oceania

Imports in kind, K t

Oceania's beef and buffalo meat import volume declined in 2020, standing at 13 K t, which was 27.8% lower than in 2019. Over the 2017-2020 period, imports decreased by 31.9%, equating to an average annual decline of 12.0%. The largest year-on-year increase occurred in 2019, when imports rose by 12.8%.

Annual dynamics of product's imports to Oceania in kind, 2017-2020, K t

From 2017 to 2020, imports of beef and buffalo meat to Oceania in volume terms were widely distributed across various markets. Uruguay accounted for 4.7% of imports, the United Kingdom for 3.0%, and the United States for 2.8%. Together, these three countries represented only 10.5% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Oceania in kind, 2017-2020

Imports in value, M $ US

Beef and buffalo meat imports to Oceania increased for the third consecutive year. In 2020, imports amounted to 147 M $ US, up by 4.9% compared to 2019. Over the 2017-2020 period, imports increased by 7.6%, with an average annual growth rate of 2.5%.

Annual dynamics of product's imports to Oceania in value, 2017-2020, M $ US

Between 2017 and 2020, imports of beef and buffalo meat to Oceania in value terms were highly dispersed across partner countries. Uruguay accounted for 6.2% of import value, the United States for 2.5%, and the United Kingdom for 1.5%. Together, these three countries represented only 10.2% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Oceania in value, 2017-2020