In 2023, Australia's meat export volume stood at 1.97 million metric tons. From 2024 onwards, the forecasted data indicates a steady decline in meat export volumes: 1.95 million metric tons in 2024, 1.92 million metric tons in 2025, 1.9 million metric tons in 2026, 1.88 million metric tons in 2027, and 1.86 million metric tons in 2028.
Year-on-year percentage variations reveal a consistent downward trend, with minor but noticeable decreases each year: approximately -1.5% from 2023 to 2024, -1.54% from 2024 to 2025, -1.04% from 2025 to 2026, -1.05% from 2026 to 2027, and -1.06% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period indicates an average annual decrease of around 1.12% in meat export volume.
Future trends to watch for:
- Global demand shifts influenced by changing consumer preferences toward alternative proteins.
- Impact of environmental policies and sustainability practices on meat production and export capabilities.
- Trade agreements and geopolitical factors that could either hinder or boost export opportunities.
- Technological advancements in agriculture that may affect production efficiency and export volumes.
