December 2016 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) Dec-16 5,080 386,010 36,080 134.6 161,808 615.1 Dec-15 4,958 374,118 33,819 123.3 169,480 657.7 2.5% 3.2% 6.7% 9.2% -4.5% -6.5% Dec-16 434 31,708 2,630 10.0 10,543 41.9 Dec-15 445 31,716 2,863 11.1 10,730 40.8-2.5% 0.0% -8.2% -9.8% -1.7% 2.7% Source: ABS SW = Shipped Weight = Moving Annual Total Graph 1.1: Australian Pig Slaughtering Trends 2012 2016 22/02/2017 Commercial In Confidence 1
Production Table 2.1: Australian slaughter and production trends December 2016 and Comparison to December 2015 Slaughtering Pig Meat Production Average Slaughter Weight Month (Tonnes) (Tonnes) kg/head 12 month Avg. kg/head Dec-16 434 5,080 31,708 386,010 73.1 76.0 Dec-15 445 4,958 31,716 374,118 71.3 75.5-2.5% 2.5% 0.0% 3.2% 2.5% 0.7% Graph 2.1: and Pig Slaughter Numbers December 2011 to December 2016 Graph 2.2: & Australian Pig Meat Production December 2011 to December 2016 22/02/2017 Commercial In Confidence 2
Table 2.2: Slaughtering by Type December 2016 and comparison to December 2015 Slaughtering Pig Meat Production Average Slaughter Weight Dec 16 (000s) (Tonnes) 12 Month Avg. kg/head Change (kg/head) Porkers 251-21.7% 13,687-20.2% 54.6 1.5% Baconers 4,647 4.1% 352,485 5.4% 75.7 1.2% Sows 111-0.1% 17,143 0.0% 155.0 0.1% Other Pigs 71 15.1% 2,702-49.5% 39.2-61.2% Graph 2.3: Australian Sow Slaughtering Trend December 2011 to December 2016 Table 2.3: Slaughtering Comparison YOY 2010 2016 Slaughterings (000's) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2010 329.9 344.7 415.8 367.5 399.1 406.8 409.0 388.3 404.0 352.1 376.6 422.8 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 % Chg 10/11 2.1% 0.9% -1.1% -1.7% 5.0% 1.8% -4.5% 7.0% -1.9% 2.8% 3.5% -1.0% % 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% 22/02/2017 Commercial In Confidence 3
Graph 2.4: Slaughtering by State Table 2.4: Slaughtering by State December 2016 and comparison to December 2015 Slaughtering Pig Meat Production Average Slaughter Weight Dec 16 (000s) vs. YA (Tonnes) vs. YA 12 Month Avg. (kg/head) Change (kg/head) NSW 820-2.0% 60,153 0.3% 73.4 2.4% VIC 1151 1.2% 88,370 1.3% 76.8 0.2% QLD 1111-0.9% 87,438-2.1% 78.7-1.2% SA 1266 6.7% 96,299 8.4% 76.1 1.6% WA 697 8.8% 51,530 10.4% 73.9 1.4% TAS 35-0.3% 2,224 3.9% 63.5 4.2% 22/02/2017 Commercial In Confidence 4
Exports Table 3.1: Australian Farmed Pig Exports December 2016 comparison to December 2015 Volume kg s SW Value $A Per unit Value Month 12 month Avg. (million) (million) $A/kg $A/kg Dec-16 2,630 36,080 10.0 134.6 $3.81 $3.76 Dec-15 2,863 33,819 11.1 123.3 $3.89 $3.66-8.2% 6.7% -9.8% 9.2% -1.8% 2.9% Graph 3.1: Volume of Australian Farmed Pigmeat Exports and December 2011 to December 2016 Graph 3.2: Value of Australian Farmed Pigmeat Exports and December 2011 to December 2016 22/02/2017 Commercial In Confidence 5
Table 3.2: Australian Pig Exports by Key Export Countries Dec 2016 comparison to Dec 2015 Volume kg s SW Value $A Per unit Value Dec 16 Avg. (million) $A/KG Singapore 14,664 7.8% 77.2 18.4% $5.27 9.8% New Zealand 3,927-16.5% 13.2-27.7% $3.49-16.3% Hong Kong 3,588 5.6% 12.2 31.1% $3.47 21.7% Philippines 4,827 46.8% 5.9 46.4% $1.23 0.7% Papua New Guinea 4,237-0.6% 11.1-26.1% $2.69-25.0% Graph 3.3: Percentage Volume Share of Farmed Exports by Country to December 2016 Table 3.3: Farmed Exports by State of Origin December 2016 Volume kg s SW Value $A Per unit Value Dec 16 Avg. $A/kg NSW 8,088 28.1% 27,980 22.3% $3.46-4.5% VIC 7,531-9.6% 33,108 6.1% $4.40 17.3% QLD 4,134-28.5% 10,936-40.7% $2.65-17.1% SA 7,135 60.9% 22,969 67.3% $3.22 4.0% WA 8,541 13.5% 37,367 11.6% $4.38-1.6% NT 147.0-67.4% 384-47.9% $2.61 59.8% Re-Export 492-49.8% 1,828-35.1% $3.72 29.5% 22/02/2017 Commercial In Confidence 6
Export Breakdown by Month Table 3.4: Exports by Country December 2016 comparison to December 2015 Australian Exports by Destination Volume (Tonnes) Value ($000s) Dec-15 Dec-16 vs. YA Dec-15 Dec-16 vs. YA Singapore 1205.7 1122.4-7% 6353.1 5728.2-10% Papua New Guinea 241.1 466.6 94% 964.2 1446.5 50% Hong Kong (Sar of China) 352.6 286.2-19% 1127.1 1055.8-6% New Zealand 339.9 175.4-48% 934.2 560.2-40% Philippines 309.4 248.3-20% 442.1 327.2-26% Japan 29.6 29.0-2% 207.5 222.9 7% Viet Nam 106.7 110.7 4% 133.5 198.1 48% Malaysia 52.4 90.2 72% 121.0 195.6 62% Fiji 20.7 7.2-65% 178.2 67.0-62% Solomon Islands 5.8 9.7 68% 60.2 51.5-14% China (excluding SARs and Taiwan) 96.3 48.8-49% 105.6 49.9-53% Nauru 0.8 6.7 793% 6.8 42.4 523% Korea, Republic of 45.1 23.0-49% 108.1 22.1-80% Taiwan 0.0 1.5 0.0 22.0 New Caledonia 41.5 2.9-93% 281.1 19.4-93% Maldives 0.9 0.7-30% 8.2 13.9 68% Timor-Leste 0.0 0.8 0.0 7.4 Samoa 11.0 0.0-100% 20.0 0.0-100% Vanuatu 2.1 0.0-100% 21.0 0.0-100% Indonesia 1.9 0.0-100% 53.8 0.0-100% Grand Total 2863.5 2630.1-8% 11125.6 10030.2-10% 22/02/2017 Commercial In Confidence 7
Imports Table 4.1: Australian Pig Imports December 2016 comparison to December 2015 Volume kg s SW Value $A Per unit Value Month (million) (million) $A/kg 12 month Avg. $A/kg Dec-16 10,543 161,808 41.9 615.1 $3.97 $3.80 Dec-15 10,730 169,480 40.8 657.7 $3.80 $3.88-1.7% -4.5% 2.7% -6.5% 4.5% -2.0% Graph 4.1: Volume of Australian Pork Imports and December 2011 to December 2016 Table 4.2: Australian Imports by Key Import Countries Dec 2016 comparison to Dec 2015 Volume kg s SW Value $A Per unit Value Dec-16 (million) Avg. $A/kg USA 59,602 8.2% 215.3 2.4% $3.61-5.3% Denmark 56,289-3.0% 212.0-5.3% $3.77-2.3% Canada 17,991-35.4% 65.3-33.5% $3.63 2.9% Netherlands 14,563-11.0% 49.2-15.2% $3.38-4.7% 22/02/2017 Commercial In Confidence 8
Graph 4.2: Australian Pork Import Volume Trends 2012 2016 Graph 4.3: Australian Import Volume Share by Country Financial Year Comparison 22/02/2017 Commercial In Confidence 9
Import Breakdown by Month Table 4.3: Imports by Origin December 2016 comparison to December 2015 Australian Imports by Destination Volume (Tonnes) Value ($000s) Dec-15 Dec-16 Dec-15 Dec-16 United States of 3802.8 4060.4 6.8% 13744.1 14570.4 6.0% America Denmark 2925.9 3549.6 21.3% 10959.3 13945.7 27.2% Canada 2067.1 1385.4-33.0% 7131.0 4985.3-30.1% Netherlands 673.0 932.2 38.5% 2266.3 3751.4 65.5% Italy 78.9 59.5-24.6% 1593.3 1354.4-15.0% Spain 56.9 69.7 22.7% 914.5 973.2 6.4% Belgium 239.3 254.3 6.3% 914.8 944.6 3.2% Ireland 803.9 165.0-79.5% 2896.5 770.6-73.4% New Zealand 0.0 19.9 0.0 283.6 China (excluding SARs and Taiwan) 33.6 38.8 15.6% 150.5 196.4 30.4% Taiwan 4.2 2.3-45.5% 69.9 52.2-25.3% Croatia 0.0 4.5 0.0 36.4 Korea, Republic of 0.3 0.8 130.2% 3.4 10.1 198.7% Grand Total 10730.1 10542.6-1.7% 40771.7 41875.4 2.7% 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. 22/02/2017 Commercial In Confidence 10