August 29, 2012

Australia's beef and veal export to South Asia reaches a record high in values during the past fiscal year, with a rise of 13% on-year and 53% on the five-year average, at AUD755 million (US$782 million).

The improved returns coincide with record export volumes to the region, with shipments up 6% from the previous year. 

Underpinning the overall growth in export values was a 33% on-year rise in returns from Taiwan, a result of record beef and veal exports for the same period. Export values to both Singapore and Hong Kong also increased over the same period, rising 21% and 41% on-year, respectively.

However, difficult and uncertain trading conditions resulted in a decline in export values to Indonesia, with returns falling 6% on-year.

Australian lamb export values to South Asia also set a new record during 2011-2012, at AUD183 million (US$190 million) -  6% higher on-year and 55% above the five-year average. This was underpinned by a 13% rise in lamb export volumes over the same period.

Despite a 2% and 12 % decrease in export values to Malaysia and Hong Kong respectively, a 13% improvement in export returns to China helped to offset any falls, with exports to China valued at AUD85 million (US$88.1 million).