Browse Data and Analysis

Australian beef production and exports are forecast to reach record levels in 2025, building on the record export results achieved in 2024. This situation is similar to 2014 and 2015, when strong U.S. demand was driven by herd rebuilding leading to similar peaks in beef production and exports for Australia.

Milk production for 2025 in Australia is forecast to increase by 1.1 percent to 8.8 million metric tons (MMT) after strong growth of 2.7 percent for 2024 at an estimated 8.7 MMT from previous years of declining production.

In 2024, Australian beef supply has surged and is projected to reach the second-highest production level on record in 2025. This anticipated expansion follows a major turning point in 2024, with production estimated to increase by 14 percent from 2023 and 34 percent from the 2022 low.

The UAE’s chicken meat production is forecast to grow by 17 percent in 2025, supported by governmental initiatives such as feed subsidies and technological investments. Consumption is expected to rise by 6 percent due to population growth, increased consumer spending, and a thriving tourism sector.

Milk production in Australia for 2024 is estimated to increase, for the first time since 2020, by 3.3 percent to 8.75 million metric tons (MMT). Industry confidence is elevated by high milk prices for dairy farmers over recent years and, also lower feed and fertilizer prices and broadly good seasonal conditions in 2024.

UAE chicken meat imports are forecast to increase in 2024 as domestic production expansion is unable to fulfill rising demand. Brazil’s market share is expected to continue to grow.

Australian beef supply is forecast to climb after the herd rebuild period ends. The marked slowdown in the growth of the national herd is expected to drive a higher female slaughter rate, increase the overall supply of cattle for slaughter, and boost live cattle and beef exports in 2024.

Australia has been a world powerhouse of high-quality wool production and exports for over 150 years. The industry now exports around 323,000 metric tons (MT) of wool valued at about US$2.3 billion - more than any other wool exporter.

Milk production for 2024 in Australia is forecast to increase by 0.6 percent to 8.50 million metric tons (MMT) after stabilizing in 2023 at an estimated 8.45 MMT from previous years of declining production. The forecast is amid an El Niño weather pattern in late 2023, likely to continue into 2024.

Australian beef supply is forecast to recover in 2024 to the point of reaching the sixth highest production on record.

Milk production in Australia in 2023 is forecast to decrease by three percent to 8.2 million metric tons (MMT). This is despite generally very good production conditions for 2023, particularly with record milk prices and easing grain and fertilizer prices.

The Australian cattle industry is expected to continue its strong herd rebuild in 2023 and Australian beef supply is expected to recover after falling to the lowest level in twenty-five years in 2021 and in 2022.