Pork market in Australia and New Zealand

Earlier Report Observations

The volume of the pork market in Australia and New Zealand fluctuated between 626 thousand tons and 675 thousand tons from 2018 to 2023. The market value showed more pronounced swings, rising from 1 811 million dollars in 2018 to 2 290 million dollars in 2020 before declining and recovering to 2 241 million dollars in 2023.

Market volume growth in 2022 was supported by industry advancements in packaging and logistics. The launch of vacuum-sealed, grass-fed meat products by Silver Fern Farms in the U.S. market highlighted a push for improved packaging to enhance frozen meat quality and safety. Concurrently, strong cold chain infrastructure in key export markets like the U.S. helped maintain demand for chilled and frozen pork, contributing to overall consumption.

After reaching a volume peak in 2022, the market contracted slightly in 2023 while its value increased sharply, suggesting changes in pricing or product composition. The period from 2018 to 2023 was marked by variable volume and significant value fluctuations, reflecting the market's dynamic nature.

Production pork in Australia and New Zealand

In kind, 2018-2021, K t

Top producers of pork, 2018-2021

World map of production of pork, 2018-2021

Pork production in Australia and New Zealand has grown for the second year in a row. In 2021, the region produced 488.3 thousand tons of pork, marking a 5.2% increase compared to the previous year. From 2018 to 2021, production rose by 3.7%, with an average annual growth rate of 1.2%. The lowest production level was in 2019 at 443.8 thousand tons, which also saw the steepest decline of 5.7%.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, K t

In value, 2018-2021, M $ US

Following two years of growth, pork production value in Australia and New Zealand fell in 2021. The output was valued at 1 614 million US dollars, down 7.2% from the year before. Over the 2018-2021 period, however, production value increased by 24.3%, averaging 7.5% growth per year. The peak value occurred in 2020 at 1 739 million US dollars, with the largest jump of 32.1% that same year.

Annual dynamics of production in Australia and New Zealand in value, 2018-2021, M $ US

Exports pork from Australia and New Zealand

Exports in kind, K t

Pork exports from Australia and New Zealand have risen for the second consecutive year. In 2021, the region shipped 32.7 thousand tons abroad, a strong 23.6% increase over 2020. The lowest export volume was in 2019 at 26.3 thousand tons, which also experienced the biggest drop of 20.9%.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, K t

From 2018 to 2021, Singapore, Papua New Guinea, and the Philippines were the top destinations for pork exports from Australia and New Zealand by volume. Singapore accounted for 37.7% of exports, Papua New Guinea for 14.4%, and the Philippines for 8.3%. Together, these three markets made up 60.4% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Exports in value, M $ US

Pork export earnings from Australia and New Zealand have increased for the second year running. In 2021, exports reached 108.2 million US dollars, up 9.1% from the previous year. Over the 2018-2021 period, export value grew by 18.2%, with an average annual increase of 5.7%. The lowest value was in 2019 at 77.9 million US dollars, which saw the largest decline of 15.0%. The biggest gain was in 2020, with a 27.4% rise.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, M $ US

Between 2018 and 2021, Singapore, Papua New Guinea, and Hong Kong were the leading markets for pork exports from Australia and New Zealand by value. Singapore represented 47.7% of export earnings, Papua New Guinea 13.9%, and Hong Kong 10.1%. Combined, these three destinations accounted for 71.8% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia and New Zealand in value, 2018-2021

Imports pork to Australia and New Zealand

Imports in kind, K t

In 2021, pork imports into Australia and New Zealand reached 207.9 thousand tons, a robust 10.2% increase compared to 2020. The lowest import volume was in 2020 at 188.7 thousand tons, while the highest was in 2019 at 245.9 thousand tons. The steepest decline occurred in 2020, down 23.3%, and the largest rise was in 2019, up 20.1%.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, K t

From 2018 to 2021, the United States, Denmark, and the Netherlands consistently led as the main sources of pork imports by volume for Australia and New Zealand. The US supplied 40.1% of imports, Denmark 20.3%, and the Netherlands 12.8%. Together, these three countries provided 73.2% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Imports in value, M $ US

In 2021, pork import spending in Australia and New Zealand totaled 742.9 million US dollars, reflecting a solid 14.2% increase from the previous year. Over the 2018-2021 period, import value rose by 22.9%, with an average annual growth rate of 7.1%. The largest drop was in 2020, down 11.7%, while the biggest surge was in 2019, up 22.0%.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, M $ US

Between 2018 and 2021, the United States, Denmark, and the Netherlands accounted for the largest share of pork import value for Australia and New Zealand. The US contributed 36.6% of import spending, Denmark 22.7%, and the Netherlands 14.1%. Collectively, these three sources made up 73.4% of total import value.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia and New Zealand in value, 2018-2021