Weak export market demand, an appreciating dollar and constraints on livestock supply are producing trying times for the Meat Processing industry. Despite this, the industry is forecast to produce over 3,100 kilotonnes of meat in 2012-13. Domestic consumption of red meat remained fairly stable over the past five years, increasing the importance of export markets for industry growth. The value of exports is expected to decline by an annualised 1.8% in the five years through 2012-13. Over 2012-13, industry revenue is forecast to contract by 0.9% to $12.4 billion due to lower export demand and an appreciating Australian dollar.
The Meat Processing industry consists of businesses mainly engaged in slaughtering livestock (except poultry); boning, freezing, preserving or packing red meat; canning meat (except bacon or ham); manufacturing meals from abattoir by-products (except from products of poultry slaughtering); or rendering lard or tallow.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.