New data will help the red meat industry

NEW DATA: The red meat sector now has access to new market information. Picture: Nikki Reynolds
NEW DATA: The red meat sector now has access to new market information. Picture: Nikki Reynolds

Red meat producers now have access to in-depth insights into what is driving demand for Australian product in global markets and domestically with the release of Meat & Livestock Australia’s (MLA) new online market snapshots.

MLA’s Market Intelligence Manager, Scott Tolmie, said Australia supplies red meat to more than 100 countries and with trade heavily influenced by changing consumer demand in those markets, it was important producers had access to detailed insights.

“The snapshots are designed to enable producers to be more informed when having discussions with their supply chain partners and – armed with a better understanding of where their product is going – make more informed business decisions about their own production and on-farm investments,” Mr Tolmie said.

“Knowing the consumer and operating environment in key markets is critical to ensure the right product is being sent to the right market. 

“The snapshots aim to not only provide information around what is driving export volumes and values, but a more forward looking analysis of what are the consumer and industry trends that will influence Australia’s future red meat exports into each market. 

“We have designed each snapshot with a brief summary for time poor readers on the opening page that lists in bullet point form all the key challenges and opportunities for Australian red meat, and a more in-depth analysis following each summary for those wanting more detail.”

The snapshots cover 11 key markets for beef and eight key markets for sheepmeat, including Australia, the United States, Japan, Korea, China, Taiwan, Hong Kong, South-East Asia, Indonesia, the European Union, and Middle East and North Africa (MENA) region. The goatmeat industry is covered by a global snapshot, which will be released in March. 

Each market snapshot provides a brief, easy-to-read and up-to-date summary of the:

  • challenges and opportunities facing Australian red meat in coming years
  • key consumer insights and future trends 
  • growth areas across both the foodservice and retail segments
  • competitive context and market access 
  • performance of Australian exports for 2018 compared to 2017 and historical averages.