Meat & Livestock Australia (MLA) recently released its annual report, providing insights into Australia’s red meat and livestock sector for the fiscal year 2021-2022. This report highlights the industry’s remarkable ability to adapt and grow despite environmental uncertainties.
A Strong Industry
MLA’s Managing Director, Jason Strong, emphasized the industry’s resilience. He noted a significant increase in cattle and sheep numbers, resulting in more processed livestock and greater red meat availability in stores, driving consumer demand.
Global Leadership
The MLA report proudly announces that Australia has become the world’s leading exporter of sheepmeat and goatmeat, reflecting the global popularity of Australian red meat.
Strong remarked, “Our livestock production methods rank among the world’s most efficient, positioning us well to tackle challenges like unpredictable weather patterns.”
Economic Impact
In terms of economic contribution, the red meat and livestock industry achieved a turnover of $75.4 billion in 2021-22, constituting approximately 1.7% of Australia’s total key industry turnover.
This marks a 7.7% increase compared to the revised figures of 2020-21. New South Wales, Victoria, and Queensland are the primary contributors to this turnover.
Senator the Hon Murray Watt, Minister for Agriculture, Fisheries, and Forestry, praised the industry’s efficiency and its ability to overcome challenges such as droughts and fluctuating livestock prices. He also highlighted the sector’s significant role as a major employer, providing jobs for over 433,000 people.
Export Insights
The value of red meat and livestock exports increased by 17% year-on-year, reaching $17.6 billion in 2021-22. Australia stands as the fourth-largest global exporter of beef and bovine meat, trailing behind only Brazil, India, and the United States.
The report provides detailed data, indicating a slight decrease in beef exports but a record surge in lamb exports, particularly to the United States.
Domestic Consumption
Australians continue to rank among the world’s top per capita consumers of beef and sheepmeat. The report shows a slight dip in lamb consumption but an overall increase in red meat consumption.
Jason Strong commented, “With the supply on the rise, we are witnessing a production boom, making it an ideal time for Australians to enjoy the best our industry has to offer.”
MLA’s State of the Industry report stands as a testament to the resilience and strength of Australia’s red meat and livestock industry. Despite facing challenges like unpredictable weather and market fluctuations, the sector has not only survived but also expanded its reach, making a substantial contribution to the Australian economy.
