Global Aussie lamb export trends in FY2024−25
FY2024-25 Australian lamb export overview
Australian lamb export value exceeded A$4 billion for the first time over a 12-month period and was up 14% year-on-year (YoY) figures. Export volume was slightly lower (-1%), but still the second highest ever at 363,109 tonnes shipped weight (swt).
Top lamb export destinations were consistent with previous years, but volume shifts occurred:
Market diversification continues
Market diversification continues as a key risk management strategy to enhance industry resilience and sustainability.
Australian lamb export volume to top markets has experienced a downward trend for the last 30 years. However, export destination numbers have increased. Both are indicators of increased market diversification.
Access enables market diversification
The United Kingdom (UK) (+44% YoY) and India (+124% YoY) are both experiencing above-average market growth due to improved market access because of recent new free trade agreements.
The UK – a growing focus market
Aussie lamb exports have experienced extraordinary growth since enforcement of the Australia-UK Free Trade Agreement (A-UK FTA), aided by decreased domestic UK production, zero tariffs, record Australian production and lower Australian prices.
Roasted Australian frozen bone-in lamb legs have been long-time British favourites for Easter and Christmas celebrations. MLA’s UK team has focused on expanding opportunities for chilled lamb and cut ranges with importers, buyers and consumers. This has resulted in larger volumes of boneless legs, half legs, rack, shoulder, short loin, skirt, and breast and flap options.
Richard Sanders, MLA’s UK Country Manager explains, “The A-UK FTA is opening new doors for exciting collaborations and growth.
"British consumers are enthusiastic – not just about the familiar Aussie favourites, but also for a growing range of value-added cuts. Aussie lamb is also carving out a place in UK foodservice, where its mild, versatile flavour suits a wide range of global cuisines".
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