In 2024, Australian pork manufacturing is forecast to extend by 2% to achieve 480,000 MT (CWE) after robust development in 2023 which has been spurred on by the fast rise in beef and lamb costs in Australia in recent times. The rise in pork manufacturing is forecast to end in a small enhance in exports and decrease than common imports.

Australia’s pork imports are anticipated to stay regular at 210,000 MT (CWE) in 2024. The price of pork imports from the USA has reverted again to being decrease than from the European Union throughout 2023, which is anticipated to proceed into 2024. With this, imports from the USA are anticipated to return to accounting for over half of complete imports.

Australia exports lower than 10% of the pork that it produces. Exports in 2024 are forecast to extend to 45,000 MT (CWE) from an estimated 40,000 MT (CWE) in 2023.

Pork consumption in Australia is forecast to extend barely in 2024 to 645,000 MT (CWE) from an estimated 640,000 MT (CWE) in 2023.

September 11, 2023/ USDA/ United States.
https://apps.fas.usda.gov