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Korean Beef Imports Down 14 per cent

28 January 2013
Meat & Livestock Australia

SOUTH KOREA - With total Korean beef imports during December 2012 falling 18 per cent year-on-year, to 19,978 tonnes, the annual import volume for 2012 totalled 264,375 tonnes, down 14 per cent on 2011, according to the Korea International Trade Association – KIT).

Meat and Livestock Australia said that the annual decline was largely due to a sluggish economy and increased competition from both US and domestic product.

Imports of Australian beef in 2012 contracted 10 per cent on 2011, to 137,928 tonnes.

Despite the fall, Australia’s imported beef market share in Korea increased to 52 per cent in 2012, from 50 per cent in 2011.

Korean imports of US beef for 2012 declined 18 per cent, to 95,082 tonnes, and remained the second largest supplier. (KITA data is on a custom cleared basis.)

The Australian beef cuts in highest demand during 2012 were short ribs (30,026 tonnes), down two per cent year-on-year, chuck roll (28,605 tonnes), down seven per cent and blade (17,774 tonnes), down 21 per cent (Animal, Plant and Fisheries Quarantine and Inspection Agency – QIA). Demand for US brisket remained steady during the year, with only a marginal year-on-year (one per cent) increase in shipments, to 62,388 tonnes. (QIA data is on a quarantine cleared basis.)

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