March 2017 Overview Table 1.1 Overview trends for Domestic, Export and Import trade Domestic Exports Imports Month Slaughter Pigmeat (Tonnes) Volume Tonnes SW Value $AUD (Million) Volume Tonnes SW Value $AUD (Million) Mar-17 5,139 392,830 36,972 134.2 171,871 658.5 Mar-16 4,952 373,322 32,651 124.2 169,978 648.3 3.8% 5.2% 13.2% 8.0% 1.1% 1.6% Mar-17 472 36,178 3,371 12.0 21,033 82.9 Mar-16 435 32,468 2,950 10.9 14,921 56.7 8.4% 11.4% 14.3% 10.2% 41.0% 46.1% Source: ABS SW = Shipped Weight = Moving Annual Total Graph 1.1: Australian Pig Slaughtering Trends 2013-2017 22/05/2017 Commercial In Confidence 1
Production Table 2.1: Australian slaughter and production trends March 2017 and Comparison to March 2016 Slaughtering Pig Meat Production Average Slaughter Weight Month (Tonnes) (Tonnes) kg/head 12 month Avg. kg/head Mar-17 472 5,139 36,178 392,830 76.7 76.4 Mar-16 435 4,952 32,468 373,322 74.6 75.4 8.4% 3.8% 11.4% 5.2% 2.8% 1.4% Graph 2.1: and Pig Slaughter Numbers March 2012 to March 2017 Graph 2.2: & Australian Pig Meat Production March 2012 to March 2017 22/05/2017 Commercial In Confidence 2
Table 2.2: Slaughtering by Type March 2017 and comparison to March 2016 Slaughtering Pig Meat Production Average Slaughter Weight Mar-17 (000s) (Tonnes) 12 Month Avg. kg/head Change (kg/head) Porkers 248-17.6% 13,610-16.1% 54.7 1.4% Baconers 4,720 5.6% 359,378 7.1% 76.0 1.4% Sows 113 3.8% 17,556 5.6% 155.8 1.8% Other Pigs 58-19.9% 2,293-53.9% 42.0-47.4% Graph 2.3: Australian Sow Slaughtering Trend March 2012 to March 2017 Table 2.3: Slaughtering Comparison YOY 2011 2017 Slaughterings (000's) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 336.8 347.8 411.1 361.3 419.2 413.9 390.8 415.3 396.2 361.9 389.8 418.7 2012 363.3 385.5 404.9 367.0 439.2 399.9 402.0 401.3 366.9 400.9 393.9 403.3 2013 378.5 370.3 391.3 398.1 447.6 391.3 438.7 406.3 385.3 389.4 376.1 404.4 2014 385.6 372.0 397.3 382.4 428.5 412.1 428.2 391.7 413.4 406.5 370.9 422.9 2015 381.1 393.2 441.2 409.1 429.6 436.2 429.6 393.8 419.8 389.4 389.7 444.7 2016 363.2 411.7 435.1 421.8 445.0 455.7 425.9 449.1 426.2 396.3 416.0 433.8 2017 402.4 395.8 471.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 % Chg 11/12 7.9% 10.8% -1.5% 1.6% 4.8% -3.4% 2.9% -3.4% -7.4% 10.8% 1.0% -3.7% % Chg 12/13 4.2% -3.9% -3.3% 8.5% 1.9% -2.2% 9.1% 1.2% 5.0% -2.9% -4.5% 0.3% % Chg 13/14 1.9% 0.5% 1.5% -3.9% -4.3% 5.3% -2.4% -3.6% 7.3% 4.4% -1.4% 4.6% % Chg 14/15-1.2% 5.7% 11.0% 7.0% 0.3% 5.9% 0.3% 0.5% 1.5% -4.2% 5.1% 5.2% % Chg 15/16-4.7% 4.7% -1.4% 3.1% 3.6% 4.5% -0.9% 14.0% 1.5% 1.8% 6.7% -2.5% % Chg 16/17 10.8% -3.9% 8.4% -100.0% -100.0% -100.0% -100.0% -100.0% -100.0% -100.0% -100.0% -100.0% 22/05/2017 Commercial In Confidence 3
Graph 2.4: Slaughtering by State Table 2.4: Slaughtering by State March 2017 and comparison to March 2016 Slaughtering Pig Meat Production Average Slaughter Weight Mar-17 (000s) vs. YA (Tonnes) vs. YA 12 Month Avg. (kg/head) Change (kg/head) NSW 847 3.4% 62,951 7.4% 74.3 3.8% VIC 1164 3.1% 89,638 3.5% 77.0 0.5% QLD 1098-2.3% 87,128-1.9% 79.3 0.4% SA 1302 9.9% 99,768 12.9% 76.6 2.7% WA 694 4.9% 51,119 4.6% 73.7-0.3% TAS 35 1.7% 2,230 6.2% 64.2 4.4% 22/05/2017 Commercial In Confidence 4
Exports Table 3.1: Australian Farmed Pig Exports March 2017 comparison to March 2016 Volume kg s SW Value $A Per unit Value Month 12 month Avg. (million) (million) $A/kg $A/kg Mar-17 3,371 36,972 12.0 134.2 $3.56 $3.64 Mar-16 2,950 32,651 10.9 124.2 $3.69 $3.82 14.3% 13.2% 10.2% 8.0% -3.6% -4.6% Graph 3.1: Volume of Australian Farmed Pigmeat Exports and March 2012 to March 2017 Graph 3.2: Value of Australian Farmed Pigmeat Exports and March 2012 to March 2017 22/05/2017 Commercial In Confidence 5
Table 3.2: Australian Pig Exports by Key Export Countries Mar 2016 comparison to Mar 2015 Volume kg s SW Value $A Per unit Value Mar-17 Avg. (million) $A/KG Singapore 14,534 4.7% 75.2 6.9% $5.18 2.2% New Zealand 3,880-14.0% 12.0-26.3% $3.18-15.5% Hong Kong 3,639 2.4% 12.4 26.0% $3.45 20.8% Philippines 4,721 29.5% 5.5 21.6% $1.18-4.6% Papua New Guinea 4,748 29.5% 12.6-2.6% $2.72-22.5% Graph 3.3: Percentage Volume Share of Farmed Exports by Country to March 2017 Table 3.3: Farmed Exports by State of Origin March 2017 Volume kg s SW Value $A Per unit Value Mar-17 Avg. $A/kg NSW 8,841 39.3% 29,098 19.3% $3.29-14.4% VIC 7,356-2.1% 30,504-6.3% $4.15-4.3% QLD 3,471-32.5% 9,025-42.2% $2.60-14.4% SA 8,018 68.9% 25,237 70.8% $3.15 1.1% WA 8,685 13.7% 37,983 11.5% $4.37-1.9% NT 72.0-86.3% 201-78.2% $2.79 59.4% Re-Export 515-29.9% 2,110 14.2% $4.09 62.9% 22/05/2017 Commercial In Confidence 6
Export Breakdown by Month Table 3.4: Exports by Country March 2017 comparison to March 2016 Australian Exports by Destination Volume (Tonnes) Value ($000s) Mar-16 Mar-17 Mar-16 Mar-17 Singapore 1,154.9 1,319.8 14% 6,315.9 6,424.5 2% Papua New Guinea 284.6 418.6 47% 1,062.1 1,344.5 27% Hong Kong (Sar of China) 304.0 362.3 19% 967.1 1,237.2 28% New Zealand 407.2 354.1-13% 1,327.1 792.1-40% Japan 0.1 70.2 76909% 0.8 613.6 80637% Philippines 464.4 409.8-12% 570.8 469.3-18% Fiji 2.9 30.2 939% 30.3 239.6 689% Viet Nam 112.8 111.3-1% 143.4 189.5 32% Korea, Republic of 35.0 73.0 109% 63.7 155.7 145% Malaysia 53.0 82.0 55% 166.9 135.2-19% Nauru 4.9 14.0 187% 16.0 105.7 562% New Caledonia 9.9 10.3 4% 69.2 88.8 28% China (excluding SARs and Taiwan) 98.3 70.9-28% 89.8 83.7-7% Vanuatu 0.6 3.3 499% 5.6 25.7 358% Samoa 14.4 14.3-1% 16.3 25.7 57% Kiribati 1.4 0.6-59% 11.4 14.4 26% Taiwan 0.0 1.0 0.0 11.0 Angola 0.0 24.1 0.0 10.6 Bangladesh 0.0 0.4 0.0 6.1 Solomon Islands 0.4 0.8 85% 4.6 6.1 34% Maldives 0.8 0.3-59% 10.4 5.5-47% Sri Lanka 0.0 0.2 0.0 3.4 Christmas Island 0.5 0.0-100% 7.0 0.0-100% Grand Total 2,950.0 3,371.3 14% 10,878.4 11,987.6 10% 22/05/2017 Commercial In Confidence 7
Imports Table 4.1: Australian Pig Imports March 2017 comparison to March 2016 Volume kg s SW Value $A Per unit Value Month (million) (million) $A/kg 12 month Avg. $A/kg Mar-17 21,033 171,871 82.9 658.5 $3.94 $3.83 Mar-16 14,921 169,978 56.7 648.3 $3.80 $3.81 41.0% 1.1% 46.1% 1.6% 3.6% 0.5% Graph 4.1: Volume of Australian Pork Imports and March 2012 to March 2017 Table 4.2: Australian Imports by Key Import Countries Mar 2016 comparison to Mar 2015 Volume kg s SW Value $A Per unit Value Mar-17 (million) Avg. $A/kg USA 64,367 9.6% 232.1 7.4% $3.61-2.0% Denmark 56,385-4.2% 211.0-6.3% $3.74-2.2% Canada 18,669-23.5% 67.9-19.9% $3.64 4.7% Netherlands 19,556 42.7% 71.6 53.8% $3.66 7.8% 22/05/2017 Commercial In Confidence 8
Graph 4.2: Australian Pork Import Volume Trends 2013-2017 Graph 4.3: Australian Import Volume Share by Country Financial Year Comparison 22/05/2017 Commercial In Confidence 9
Import Breakdown by Month Table 4.3: Imports by Origin March 2017 comparison to March 2016 Australian Imports by Destination Volume (Tonnes) Value ($000s) Mar-16 Mar-17 Mar-16 Mar-17 United States of America 5,461.8 7,992.1 46.3% 20,918.1 30,039.6 43.6% Denmark 4,826.2 5,541.5 14.8% 18,193.2 21,231.3 16.7% Canada 2,091.3 2,759.9 32.0% 7,223.7 9,980.4 38.2% Netherlands 1,104.7 3,403.0 208.0% 3,205.1 13,668.4 326.5% Ireland 778.9 749.9-3.7% 2,369.0 3,199.1 35.0% Italy 94.7 109.5 15.5% 1,896.5 2,257.7 19.0% Belgium 281.2 371.2 32.0% 1,005.5 1,425.5 41.8% Spain 69.9 51.3-26.7% 1,028.3 616.3-40.1% United Kingdom 187.0 23.5-87.4% 750.0 113.8-84.8% China (excluding SARs and Taiwan) 15.6 9.8-37.3% 70.2 75.7 7.8% New Zealand 0.0 10.1 0.0 129.1 Korea, Republic of 8.9 5.3-40.6% 62.4 33.9-45.6% Taiwan 0.7 5.1 660.7% 6.2 78.8 1172.5% France 0.0 0.2 0.0 1.9 Grand Total 14,921.0 21,032.8 41.0% 56,728.1 82,855.1 46.1% Disclaimer: The information contained in this report cannot be forwarded to, or used by, any third party without prior written consent from Australian Pork Limited (APL). This information has been collected and processed by APL and has not been prepared for any particular individual or entity. The information contained in the report Octember not be an accurate reflection of market prices or of changes in market prices. The report does not constitute a recommendation by, or opinion of, APL. While APL has no reason to believe that the information contained in this report is inaccurate, APL is unable to guarantee the accuracy of the information at any point in time and, subject to any terms implied by law which cannot be excluded, accepts no responsibility for loss suffered as a result of any party s reliance on the accuracy or currency of the content of this report. The information contained in the report should not be relied upon for any purpose, including as a substitute for professional advice. Nothing within the report constitutes an express or implied warranty, or representation, with respect to any future matter or as to the value of or demand for any good. 22/05/2017 Commercial In Confidence 10