Thursday, 07 March 2024 10:20

Sluggish Chinese market hits meat export

Written by  Peter Burke
Meat Industry Association chief executive Sirma Karapeeva. Meat Industry Association chief executive Sirma Karapeeva.

The depressed state of the Chinese economy continues impact on the value of NZ’s red meat exports.

The latest data from the Meat Industry Association (MIA), shows that meat exports in January 2024 were down by 8% to $759 million compared with January 2023. MIA chief executive Sirma Karapeeva said the results reflect the ongoing volatility in global markets.

She says this was the lowest January result since 2019 with the main contributor to this being China, with exports down 21% year-on-year to $263 million. On the positive side, Karapeeva says overall exports to the United States were up 10% to $182 million and to the UK by 34% to $38 million.

The Chinese economy has been one of the key talking points at the recent annual National People Congress of the Chinese parliament. At that congress China set a modest about 5% growth target for the coming year as it seeks to overcome many of its internal economic problems. These include curbing industrial overcapacity and defusing its property sector which has had a negative impact on many Chinese people.

But while the volumes of our sheepmeat and beef exports were relatively unchanged compared to last January, Karapeeva says the value of these dropped. In the case of sheepmeat, exports fell nine per cent to $305 million and beef by 6% to $320 million.

“Clearly, challenges remain for our red meat exporters,” she says.

Karapeeva says some other good news is that sheepmeat exports to the United States rose 16 per cent to $45 million and beef exports by 12% to $120 million. She says beef exports to the UK also continue to grow, from $588,000 last January to over $2 million, off the back of the UK Free Trade Agreement that came into effect in May 2023.

“Sheepmeat accounted for most of the increase in exports to the UK, recovering from the low levels of January 2023,” she says.

More like this

An annual event?

Meat Industry Association chief executive, Sirma Karapeeva, says she hopes that National Lamb Day will now take place every year.


Ploughing Champs success

Sean Leslie and Casey Tilson from Middlemarch, with horses Beau and Dough, took out the Rural News Horse Plough award at the Power Farming NZ Ploughing Championships at Horotiu, near Hamilton, on April 13-14.

Farmers oppose work visa changes

Farmers are crying foul over changes announced by the Government this week to the Accredited Employer Work Visa (AEWV) scheme.


Back to the tractor!

Alliance Group chair Murray Taggart is looking forward to spending more time on farm as he steps down after a…

Machinery & Products

PM opens new Power Farming facility

Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.

AGTEK and ARGO part ways

After 12 years of representing the Landini and McCormick brands in New Zealand, Bay of Plenty-based AGTEK and the brands’…

100 years of Farmall Tractors

Returning after an enforced break, the Wheat and Wheels Rally will take place on the Lauriston -Barhill Road, North-East of…

» Latest Print Issues Online

The Hound


OPINION: Your canine crusader was truly impressed by the almost unanimous support given by politicians of all stripes in Parliament…


OPINION: As this old mutt suggested in the last issue, MPI looks a very good candidate for some serious public…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter