With the 2013-14 export season concluding on 30 September, B+LNZ has analysed the data and reports that North Asia was the largest market region for the country’s exports, for the second season in a row, accounting for 31% of total returns.
The European Union was the primary market for lamb, accounting for 48% of lamb returns over the period, while North America remained its primary market for beef/veal, accounting for the same percentage. North Asia accounted for 30% of beef and veal volumes.
Andrew Burtt, chief economist, B+LNZ said: "The amount of lamb exported was down 3%, reflecting last season’s smaller lamb crop, but total returns were up 9.5% to $2.52bn. That’s because the average per tonne value of lamb being exported rose 13% – to $8,300, compared to $7,400 in 2012-13."
North Asia was the second-largest market for its lamb, at 34% of the total volume, but the average returns achieved were far less than in the EU, said Burtt.
"For the season just concluded, the average per tonne return for North Asia was $6,000, compared to $10,200 for the EU," he said.
"Total beef and veal returns were up 8.4% to $2.29bn, while the average value was up 2.1% to $6,000 per tonne."
Ninety-four per cent of lamb exports were further processed, while 22% were chilled products.
Exports of mutton increased 11% to 93,000 tonnes, while beef and veal exports reached 383,000 tonnes.