AUSTRALIAN lamb exports in 2014 hit $1.7 billion, reports Meat and Livestock Australia – up 30 per cent from the previous record set in 2013. The rise was fuelled by record lamb slaughter, record lamb export volumes and the weakening $A.
The US was the largest market, with the value up 31pc year-on-year, at $458 million, while as a region, the Middle East was the second largest destination, at $403 million dollars, up 22pc.
Within the Middle East, the United Arab Emirates ($117 million), Jordan ($78 million) and Bahrain ($75 million) were the three most valuable markets.
The value of lamb exports to China lifted 23pc year-on-year, to $220 million, while a significant increase (42pc) to Japan saw the 2014 value hit $88 million. Despite volumes being constrained by quota, the value of exports to the European Union increased 27pc, to $117 million.
Further contributing to the value of the Australian sheepmeat industry, mutton exports reached $870 million in 2014, up 38pc year-on-year, also assisted by greater volumes exported and the weaker $A. The most valuable individual markets were China ($207 million), followed by the US ($79.5 million) and Saudi Arabia ($78.7 million).