A summary of the trade streams to the leading 4 mutton locations is as follows.
China– There has actually been a huge boost in need for Australian mutton in China throughout 2023. Every successive month given that January 2023 has actually handled to break historical records with every month this year beating the previous record for that month. September has actually been no exception with 8,863 tonnes swt of Aussie mutton sent out to China. This is a 34% lift on the circulations seen throughout August 2023 and it is 37% greater than the five-year average for September. Up until now throughout 2023 typical month-to-month circulations of mutton from Australia to China is sitting 80% above the five-year typical seasonal pattern. A substantial outcome that has actually seen China accounting for almost 45% of the overall Aussie mutton exports this year.
Malaysia– Throughout 2023 development in need for Australian mutton from Malaysia has actually seen them displace the U.S.A. from the 2nd leading location. This year Malaysia has actually represented around 11% of overall mutton exports from Australia, compared to the U.S.A. on 6% of the trade streams. In September mutton exports to Malaysia reduced by almost 5% to 1,686 tonnes swt. Regardless of the minor decrease in trade mutton streams to Malaysia stay ahead of the five-year average for September partially (by 0.8%), however is running 18% above the levels seen exported throughout September 2022.
U.S.A.– The mutton trade from Australia to the U.S.A. has actually remained in the doldrums for much of this year, and is the just one of the leading 4 trade locations to be running listed below the typical seasonal pattern for the majority of the season. There was simply 700 tonnes of Aussie mutton reported exported to the U.S.A. for September 2023, which is a 13% drop on the circulations seen in August and 53% listed below the five-year September typical levels.
Saudi Arabia– As the 4th leading location for Aussie mutton, sitting simply behind the U.S.A., with 5.7% of the trade Saudi Arabia has actually had an extremely strong 2023. The sheep meat market in the Middle East is extremely cost delicate and competitive so the fairly less expensive Australian mutton seen this year has actually supplied an increase to trade volumes. September 2023 saw volumes raise by 33% from the levels seen throughout August to strike a regular monthly record this year of 1,532 tonnes swt. This is the biggest month-to-month delivery of mutton seen from Australia to Saudi Arabia given that February 2020 and represents levels that are a massive 147% greater than the five-year typical levels for September.