The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / The Country

Drop in volume but growth in value for New Zealand red meat exports

The Country
4 Jul, 2022 09:50 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

New Zealand Beef. Photo / Supplied

New Zealand Beef. Photo / Supplied

New Zealand's red meat sector overcame a significant drop in export volumes to achieve sales of $1.1 billion during May - a 28 per cent increase on 2021, according to an analysis by the Meat Industry Association (MIA).

While the volume of sheepmeat exported was six per cent down compared to last May, the value was up 23 per cent to $456 million.

Beef export volumes increased one per cent year-on-year but value grew by 34 per cent to $484m.

Sirma Karapeeva, chief executive of the Meat Industry Association, said that high values were helping to absorb the impact of continued market volatility and higher costs.

"So far this year, we have exported 183,000 tonnes of sheepmeat, which is 14 per cent less than the same period last year.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"However, the value of sheepmeat exports so far this year is $2.2 billion, which is eight per cent higher than the same period last year.

"It is a similar story for beef. So far this year, we have exported six per cent less beef than the same period for 2021, however the value of beef exports so far this year is $2.2 billion, which is 29 per cent higher than the same period last year."

Sheepmeat exports to China dropped in May compared to last year but exports to all other markets increased, particularly to the United Kingdom.

Advertisement
Advertise with NZME.

"This is why it is critically important to have quality trade deals in place that unlock as many markets as possible so companies have the flexibility to adjust and weather the headwinds," says Ms Karapeeva.

The 5,376 tonnes exported to the UK was the largest monthly volume since March 2020. However, due to the ongoing supply chain issues, only eight per cent of exports to the UK in May this year were chilled, compared to 40 per cent back in March 2020.

Despite the drop in volume, values for China remained strong during May, with the overall FoB value for sheepmeat at $12.74/kg.

Beef exports to China increased by 27 per cent year-on-year and the 20,794 tonnes was the largest monthly volume so far for 2022. The value of these exports was also up 72 per cent, to $207m.

Exports to the other major market, the United States, were down 30 per cent compared to last May. This continues the trend of lower export volumes to the United States so far this year. This can be attributed to increased domestic US production as a result of drought impacting the demand for imported beef.

However, prices for beef remained strong, and the value of exports to the US only dropped by five per cent, to $125m, compared to last May.

Beef prices in all the other major markets remained very strong, and the average FoB value increased to $10.43/kg.

It was also another strong month for co-products with exports worth $189m, up 26 per cent compared to last May.

Save

    Share this article

Latest from The Country

The Country

Woolworths issues major recall of contaminated mince

02 Jul 10:36 PM
The Country

NZ no longer in a state of 'peak tractor'

02 Jul 10:24 PM
The Country

North warned thunderstorms possible as watch issued

02 Jul 09:33 PM

There’s more to Hawai‘i than beaches and buffets – here’s how to see it differently

sponsored
Advertisement
Advertise with NZME.

Latest from The Country

Woolworths issues major recall of contaminated mince

Woolworths issues major recall of contaminated mince

02 Jul 10:36 PM

Some customers found 'foreign matter' in their meals before the recall was announced.

NZ no longer in a state of 'peak tractor'

NZ no longer in a state of 'peak tractor'

02 Jul 10:24 PM
North warned thunderstorms possible as watch issued

North warned thunderstorms possible as watch issued

02 Jul 09:33 PM
Heavy rain hits with 29 weather alerts across NZ, fibre outage and evacuations top of South Island
live

Heavy rain hits with 29 weather alerts across NZ, fibre outage and evacuations top of South Island

02 Jul 09:20 PM
From early mornings to easy living
sponsored

From early mornings to easy living

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP