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Weaker Australian Dollar Helps Lamb Exports

11 February 2015
Meat & Livestock Australia

AUSTRALIA - Australian lamb exports during 2014 hit A$1.7 billion – up 30 per cent from the previous record set in 2013 – fuelled by record lamb slaughter, record lamb export volumes and the weakening Australian dollar.

The US was the largest market, with the value up 31 per cent year-on-year, at A$458 million, while as a region, the Middle East was the second largest destination, at A$403 million dollars, up 22 per cent, according to Meat and Livestock Australia.

Within the Middle East, the UAE (A$117 million), Jordan (A$78 million) and Bahrain (A$75 million) were the three most valuable markets.

The value of lamb exports to China rose 23 per cent year-on-year, to A$220 million, while a significant (42 per cent) increase to Japan saw the 2014 value hit A$88 million.

Despite volumes being constrained by quota, the value of exports to the EU increased 27 per cent, to A$117 million.

Further contributing to the value of the Australian sheep meat industry, mutton exports reached A$870 million in 2014, up 38 per cent year-on-year, also assisted by greater volumes exported and the weaker Australian dollar.

The most valuable individual markets were China (A$207 million), followed by the US (A$79.5 million) and Saudi Arabia (A$78.7 million).


TheMeatSite News Desk

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