The Indonesian market for Australian beef has expanded to the extent that when live Export cattle and boxed beef exports are combined Indonesia is now our 3rd largest export market.
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Don Heatley [pictured] Chairman of Meat & Livestock Australia’s said:
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“When livestock export and boxed beef export figures are combined Indonesia becomes Australia’s third biggest overseas market for beef, behind Japan and the US and ahead of Korea and Russia.
When you combine live cattle exports and boxed beef exports, not only does Indonesia become Australia’s third largest export destination by volume, it is also the fourth most valuable, worth a combined $440 million in 2007-08.
The pleasing thing about the growth of the Indonesian market is that it is accommodating both live cattle and boxed beef. Both forms of trade are growing at impressive rates and this is a great thing for Australia’s cattle producers.”
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Over 2007 and 2008, Indonesia has been the fastest growing market for Australian beef in the South East Asia region, assisted by its large population, strong income growth and strong demand for beef. Beef exports to this market are forecast to expand a further 23 percent by the end of 2008 and another 12 percent in 2009.
Indonesia is expected to remain the dominant live cattle export market and grow further in the short to medium term, particularly given the recent growth in Indonesian investment in feedlot capacity.
For the 2007-08 financial year live cattle exports to Indonesia totalled 547,000 head, which is the equivalent of 146,600 tonnes carcase weight. This grew from 452,000 head and 121,600 tonnes in 2006-07.
Boxed beef exports during 2007-08 totalled 46,100 tonnes carcase weight, up from 28,000 tonnes in 2006-07.
Australia’s live cattle trade to Indonesia was worth $341 million during 2007-08, up from $303 million the year before, while boxed beef exports were worth $99 million, up from $73 million in 2006-07.
Indonesia has a population of 222 million, making it the world’s fourth most populous nation on earth. The majority-Muslim country is anticipated to reach a population of 315 million by 2035.
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