How has this shifted the rankings for Australian beef export markets?ДЄustraliaвЂ™s beef export markets have seen large declines to China and the United States allowing the more stable South Korean market to rise to second in the rankings. South Korea has seen the smallest change year on year with only a 1.9% decline. Due to their stability, they have risen above China and the United States at the present time. The South Korean market has seen very minimal fluctuation in imports from Australia. Continued suspended access to China for several Australian meat exporters is also keeping Australian beef exports to China constrained. In addition to tight Australian supply, the downward trend in exports to China and the US is also likely due to increased US production and trade restrictions between the two countries easing under the China Phase One trade agreement. So, itвЂ™s no surprise that export volumes are lower. So why the changes in 2021?ДЄs discussed in our recent mid-year Outlook report, AustraliaвЂ™s beef production has been tight this year, with a decline of 27.2% in average weekly eastern states slaughter for 2021 compared to 2020. Meanwhile, exports to South Korea have almost kept pace with 2020 and are only down by 1.9%. Following the US is a 41 per cent decrease in exports to China with 72,154 tonnes for 2021 and 121,181 tonnes at the same point in 2020. The largest change is a 4% decline in exports to the US with only 65,233 tonnes in 2021 compared to 114,399 tonnes at the same time last year. This includes Japan, China, South Korea and the United States (US). Exports are down over 100,000 tonnes (-23.%) with declines across the board to all the major countries Australia deals with. The first half of 2021 has seen drastic changes in Australian beef export markets compared to 2020. Total beef exports have declined over the first half of the year compared to 2020, so what has changed and how has this affected the rankings? A decline in export volumes across the four major players for Australian beef. By Tom Herbert (Junior Agricultural Analyst, Rural Bank)ДЄs AFL and NRL clubs begin to battle for spots in the top four of their codes, weвЂ™ve turned our attention to the top four beef export markets.

Biggest exporter of beef