Mutton Export Summary July 2023
There had actually been numerous anecdotal reports over July that Chinese need for Australian mutton had actually relieved. Month-to-month trade information from the Department of Farming, Fisheries and Forestry programs this held true, with a 35% drop in mutton export levels seen from June to July. There was 5,360 tonnes swt of Aussie mutton reported exported over July 2023, which still represents levels that are 118% above the July 2022 volumes and 129% greater than the five-year average for July.
So while mutton exports to China are down, it is likewise still ridding quite high for this time in the season. Furthermore, the July 2023 trade volumes are the greatest July mutton export figures from Australia to China on record. Surprisingly, the more powerful part of the season, in regards to Chinese mutton need, typically happens towards the last quarter in the year and if that regular pattern plays out we might remain in for some substantial trading months from October to December– time will inform.
China take the bulk of Australian mutton exports, so it is not a surprise that the seasonal pattern showed for exports to China mirrors the pattern in overall Aussie mutton exports. Overall exports decreased by 27% over July to see 12,883 tonnes swt consigned, which represents levels that are 67% above the five-year average for July and is likewise the greatest July volumes on record.
Malaysia has actually been the 2nd leading location for Australian mutton exports in 2023 and while they too saw a drop in need over July of 24%, to 1,249 tonnes swt, this still represents levels that are 28% greater than the five-year average for July. The U.S.A. now beings in 3rd leading location, in regards to market share of overall Aussie mutton exports, pressed a peg lower by Malaysia throughout this year. July 2023 saw mutton exports to the U.S.A. decrease by almost 29% to tape simply 815 tonnes exported. Compared to the five-year typical volumes for July this is 39% under the regular seasonal pattern.