Australia became the world's leading red meat exporter in 2016
According to the report, Australia's red meat and livestock exports reached 15.1 billion dollars in the 2015-2016 financial year increasing from 9.2 billion dollars in 2011-2012. The analysts say that the largest annual increase was reported between 2013-2014 and 2014-2015.
"Despite a decline of 1.7% between 2014-2015 and 2015-2016, the value of industry exports increased by 63.8% from 2011-2012 and 2015-2016", the report stated.
Furthermore, Australia's red meat and livestock industry reported a turnover of 62 billion dollars in the financial year 2015-2016, increasing by 11% year on year.
The 'State of the Industry 2017' report, according to RMAC Independent Chair, Don Mackay, indicates the importance of the red meat industry for the Australian economy and community.
“No industry has a more important place in society than an industry that feeds its people and sustains and improves their way of life,” Mr. Mackay said.
“We have achieved turnover growth of 11 percent, contributed $18 billion to Australian GDP, sustain 405,000 direct and indirect jobs and feed 24 million Australians day in and day out,” Mr Mackay said.
Referring to the goat meat industry, the report states that it has experienced a substantial increase with Australia now becoming a leading supplier of global goat meat, enjoying a recent price increase of 177% and exporting over 27,000 tons of goat in 2016 alone.
The report shows also that Australia's red meat and livestock industry is dependent on trade, given the fact that just in 2015 the red meat and livestock exports accounted for 74% of the domestic beef and veal production, 72% of the domestic sheepmeat production, and 92% of the local goatmeat production.
Glenn Carmody, Consumer and Industrial Products Market Segment Leader, EY added that this report also demonstrates the Australian industry's significance within the global marketplace. "In 2015 Australia was the world’s largest exporter of beef and second largest exporter of sheep meat. The most recent data in relation to goat meat shows that in 2013, Australia was the largest goat meat exporter,”
The State of the Industry 2017 was commissioned by Meat & Livestock Australia at the request of RMAC and the member councils and compiled by Ernst & Young (EY).
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