increase font size
Meat Industry Association chief executive Sirma Karapeeva.
New Zealand exported $11.4 billion worth of red meat during 2022, but high global prices eased towards the end of the year, according to analysis from the Meat Industry Association (MIA).
December saw a 9% drop in the value of exports, to $966 million, compared to the same period in 2021.
Sheepmeat exports were down 19% during the month to $338 million, beef exports fell by 15% to $428 million and fifth quarter products by 9% to $200 million.
The largest drop was in the Chinese market, with December 2022 exports down by 21% to $357.6 million. The UK also dropped by 53% to $25.8 million year-on-year.
MIA chief executive Sirma Karapeeva says the red meat sector’s global markets softened with high inflation eroding consumers’ purchasing power.
“Some consumers in our key markets are trading down to cheaper proteins and dining out less in restaurants,” Karapeeva says.
“For beef, we are seeing record imports of beef into China from Brazil. The relaxation of China’s Covid-19 policy has also created some uncertainty in the market.”
Overall, exports for 2022 increased by 13% compared to 2021.
China remained the major market, with a total of $4.3 billion, an increase of 5% on 2021.
Exports to the United States were up by 7% to $2.3 billion, Japan increased by 20% to $561 million and the United Kingdom by 11% to $464 million.
Sheepmeat export volumes fell by 5% to 375,716 tonnes for the year but the value increased by 6% to $4.3 billion. The average free on board (FoB) value of sheepmeat exports in 2022 was $11.56/kg, up from $8.02/kg in 2021.
China was the largest market for beef during the year, with the volume up 4% to 219,340 tonnes and the value up 34% to $2.1 billion.
There was a decrease in exports to the other major beef market, the United States, with the volume dropping 22% to 126,177 tonnes and the value by 5% to $1.3 billion.
Fifth quarter products exports were worth $2.2 billion, up 13% from 2021. The greatest demand was for casings and tripe, up 29% to $440 million, edible offals, increasing three % to $357 million and hides and skins, growing 23% to $305 million.
An innovative idea for transforming mechanically deboned meat (MDM) into a meat flake for seasoning has taken top honours in the Meat Industry Association’s (MIA) first-ever Dragon’s Den competition.
The red meat sector is poised for a strong rebound this season, with export receipts forecast to top $10 billion and farm profitability to almost double.
Alliance Group has secured greater access for chilled beef exports into China following approval of its Levin and Mataura plants to supply that market. With its first load of beef from Levin clearing Chinese customs in early January and a shipment from Mataura recently arriving in China, journalist Leo Argent talked to Alliance general manager safety and processing Wayne Shaw.
Don't be surprised if there is a bit more spending at the Central Districts Field Days this year.
New Zealand's red meat exports for 2024 finished on a positive note, with total export value increasing 17% over last December to reach $1.04 billion, according to the Meat Industry Association (MIA).
Farmer-owned co-operative Ravensdown is winding down the operations of its agritech subsidiary C-Dax following a long decline in sales.
The recent East Coast Farming Expo, held over two days at Wairoa, offered an insight into the current state of agriculture on the east of the North Island, at a time when the locals are remembering the second anniversary of Cyclone Gabrielle.
A Research programme supported by Beef+Lamb NZ is investigating the potential of ‘accelerometer’ sensors for early detection of conditions such as facial eczema (FE) in sheep.
In the past year, the Farmer Time for Schools programme which seeks to connect New Zealand school students with farmers, has experienced further growth.
Fresh Carriers Co. Ltd (FCC) and Zespri have completed the first ever kiwifruit charter powered by a low-emissions fuel.
New Zealand lingerie brand Rose & Thorne is expanding its virtual bra fitting service in an effort to provide rural women in with better access to specialised advice.
OPINION: At last, a serious effort to better connect farmers and scientists.
OPINION: If you believe Maori Party president John Tamihere’s claim that “nothing dodgy” occurred at Manurewa Marae during the last…
