Australian beef and sheepmeat exports to the EU were valued at $259 million in 2011-12, stable on 2010-11 values.
The total value of Australian beef exports increased 12% year-on-year, while sheepmeat exports declined 12% (GTA).
These changes have closely followed the volume of exports to the EU region, with beef exports increasing 8% year-on-year over the financial year, while sheepmeat exports decreased 16% over the same period.
Beef exports to the EU were valued at $136 million in 2011-12 (GTA), up 8% year-on-year.
Although Australia’s 10th largest export market, the EU remains Australia’s highest value export market per tonne, averaging A$10,133/tonne, with the next highest value market Hong Kong (A$7,994/tonne).
In the 2010-11 financial year, exports to the EU averaged A$9,833/tonne, indicating that although economic conditions are tough in the EU, returns for high quality Australian beef remain high.
Conversely, sheepmeat export values totalled $123 million in 2011-12, down 12% year-on-year. Export volumes to the EU decreased 16% year-on-year, largely explaining the drop off in value.
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