May 2014 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) May-14 4,757 357,960 38,265 109.1 133,815 502.0 May-13 4,754 356,223 34,192 99.4 154,368 532.6 0.1% 0.5% 11.9% 9.7% -13.3% -5.8% May-14 428 32,798 3,614 11.1 14,425 55.3 May-13 448 34,582 3,102 9.1 12,839 45.5-4.3% -5.2% 16.5% 22.4% 12.4% 21.7% Source: ABS SW = Shipped Weight = Moving Annual Total Graph 1.1: Australian Pig Slaughtering Trends 2010 2014 21/07/2014 Commercial In Confidence 1
Production Table 2.1: Australian slaughter and production trends May 2014 and Comparison to May 2013 Slaughtering Pig Meat Production Average Slaughter Weight Month (Tonnes) (Tonnes) kg/head 12 month Avg. kg/head May-14 428 4,757 32,798 357,960 76.5 75.2 May-13 448 4,754 34,582 356,223 77.3 74.9-4.3% 0.1% -5.2% 0.5% -0.9% 0.4% Graph 2.1: and Pig Slaughter Numbers May 2009 to May 2014 Graph 2.2: & Australian Pig Meat Production May 2009 to May 2014 21/07/2014 Commercial In Confidence 2
Table 2.2: Slaughtering by Type May 2014 and comparison to May 2013 Slaughtering Pig Meat Production Average Slaughter Weight May14 (000s) vs. (Tonnes) vs. 12 Month Avg. kg/head Change (kg/head) Porkers 380-5.6% 19,867-4.5% 52.2 1.1% Baconers 4,238 0.8% 319,733 1.0% 75.4 0.3% Sows 105-3.2% 16,663-2.5% 159.3 0.9% Other Pigs 35-8.8% 1,693-10.0% 51.2-3.4% Graph 2.3: Australian Sow Slaughtering Trend May 2009 to May 2014 Table 2.3: Slaughtering Comparison YOY 2008 2014 Slaughterings (000's) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2008 421.4 406.5 435.4 443.3 432.8 406.3 403.1 365.5 374.6 373.6 348.4 408.1 2009 348.7 338.3 369.3 379.8 378.1 388.8 393.7 367.4 385.1 366.7 364.2 420.1 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 YoY % Chg 08/09-17.3% -16.8% -15.2% -14.3% -12.6% -4.3% -2.3% 0.5% 2.8% -1.9% 4.5% 2.9% YoY % Chg 09/10-5.4% 1.9% 12.6% -3.2% 5.6% 4.6% 3.9% 5.7% 4.9% -4.0% 3.4% 0.6% YoY % 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% YoY % 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% YoY % Chg 13/14 1.9% 0.5% 1.5% -3.9% -4.3% -100.0% -100.0% -100.0% -100.0% -100.0% -100.0% -100.0% 21/07/2014 Commercial In Confidence 3
Graph 2.4: Slaughtering by State Table 2.4: Slaughtering by State May 2014 and comparison to May 2013 Slaughtering Pig Meat Production Average Slaughter Weight May 14 (000s) vs. (Tonnes) vs. 12 Month Avg. (kg/head) Change (kg/head) NSW 878-6.7% 64,488-5.1% 73.5 1.8% VIC 1006 8.6% 76,351 7.6% 75.9-1.0% QLD 1080-2.8% 84,817-1.5% 78.5 1.3% SA 1229 1.0% 91,975 1.3% 74.8 0.3% WA 527 0.8% 38,160-0.5% 72.3-1.2% TAS 36 5.4% 2,170 4.1% 59.6-1.3% 21/07/2014 Commercial In Confidence 4
Exports Table 3.1: Australian Farmed Pig Exports May 2014 comparison to May 2013 Volume kg s SW Value $A Per unit Value Month 12 month Avg. May-14 3,614 38,265 11.1 109.1 $3.07 $2.86 May-13 3,102 34,192 9.1 99.4 $2.92 $2.91 16.5% 11.9% 22.4% 9.7% 5.1% -1.8% Graph 3.1: Volume of Australian Farmed Pigmeat Exports and May 2009 to May 2014 Graph 3.2: Value of Australian Farmed Pigmeat Exports and May 2009 to May 2014 21/07/2014 Commercial In Confidence 5
Table 3.2: Australian Pig Exports by Key Export Countries May 2014 comparison to May 2013 Volume kg s SW Value $A Per unit Value May 14 Avg. $A/KG Singapore 10,438-7.1% 44.2 1.5% $4.27 10.2% New Zealand 5,521 4.3% 17.9 11.4% $3.33 10.0% Hong Kong 4,409 8.2% 11.7 38.3% $2.73 29.7% Philippines 5,623 13.9% 7.5 16.6% $1.31 0.4% Papua New Guinea 4,368 9.3% 13.4-3.9% $3.00-14.7% Graph 3.3: Percentage Volume Share of Farmed Exports by Country to May 2014 Table 3.3: Farmed Exports by State of Origin May 2014 Volume kg s SW Value $A Per unit Value May 14 vs. vs. Avg. vs. NSW 8,035 0.1% 22,832-3.5% $2.84-3.6% VIC 10,422-3.4% 23,980 7.9% $2.30-18.7% QLD 6,548 10.0% 20,472 8.1% $3.13-1.7% SA 5,339 4.3% 9,723 21.2% $1.82 16.2% WA 6,300-3.4% 27,730 12.8% $4.40 16.8% NT 2.3 23 $10.34 Re-Export 1619 124.0% 4,331 116.5% $2.68-3.4% 21/07/2014 Commercial In Confidence 6
Export Breakdown by Month Table 3.4: Exports by Country May 2014 comparison to May 2013 Australian Exports by Destination Volume (Tonnes) Value ($000s) May-13 May-14 May-13 May-14 Singapore 957.5 1077.1 12% 3880.3 4522.4 17% Papua New Guinea 334.5 499.6 49% 947.3 2080.4 120% New Zealand 487.7 574.0 18% 1565.1 1566.1 0% Hong Kong (Sar of China) 435.5 350.4-20% 977.5 1081.8 11% Philippines 525.7 411.2-22% 683.7 545.9-20% Nauru 16.7 49.9 200% 49.7 252.6 409% United States of America 48.9 160.9 229% 30.0 212.3 608% China (excluding SARs and Taiwan) 0.0 153.0 0.0 165.9 Canada 0.0 124.5 0.0 120.3 Viet Nam 38.7 58.7 52% 50.1 104.3 108% Korea, Republic of 46.5 39.7-15% 132.1 89.0-33% Japan 25.4 14.9-42% 158.6 80.2-49% Solomon Islands 0.0 10.2 0.0 56.8 Malaysia 0.3 25.0 8403% 4.4 47.3 980% Fiji 40.2 5.6-86% 278.7 45.3-84% Samoa 15.0 31.8 112% 18.9 33.0 75% New Caledonia 7.5 1.9-75% 39.4 31.4-20% South Africa 0.0 24.0 0.0 23.2 Brunei Darussalam 1.6 1.2-22% 15.3 14.7-4% Vanuatu 3.2 0.8-75% 25.4 7.2-72% Timor-Leste 0.0 0.1 0.0 0.7 Cambodia 0.1 0.0-100% 1.1 0.0-100% China 90.8 0.0-100% 104.2 0.0-100% Christmas Island 0.6 0.0-100% 6.5 0.0-100% French Polynesia 14.2 0.0-100% 37.1 0.0-100% Norfolk Island 11.5 0.0-100% 40.0 0.0-100% Sri Lanka 0.2 0.0-100% 6.4 0.0-100% Grand Total 3102.0 3614.4 17% 9051.7 11081.3 22% 21/07/2014 Commercial In Confidence 7
Imports Table 4.1: Australian Pig Imports May 2014 comparison to May 2013 Volume kg s SW Value $A Per unit Value Month 12 month Avg. May-14 14,425 133,815 55.3 502.0 $3.84 $3.75 May-13 12,839 154,368 45.5 532.6 $3.54 $3.45 12.4% -13.3% 21.7% -5.8% 8.3% 8.7% Graph 4.1: Volume of Australian Pork Imports and May 2009 to May 2014 Table 4.2: Australian Imports by Key Import Countries May 2014 comparison to May 2013 Volume kg s SW Value $A Per unit Value May 14 Avg. USA 54,410-13.0% 180.1-4.9% $3.31 9.2% Denmark 38,177-15.8% 154.7-8.0% $4.05 9.2% Canada 27,219-0.3% 93.0 4.1% $3.41 4.4% Netherlands 9,468-44.3% 38.7-38.2% $4.09 11.0% 21/07/2014 Commercial In Confidence 8
Graph 4.2: Australian Pork Import Volume Trends 2010 2014 Graph 4.3: Australian Import Volume Share by Country Financial Year Comparison 21/07/2014 Commercial In Confidence 9
Import Breakdown by Month Table 4.3: Imports by Origin May 2014 comparison to May 2013 Australian Imports by Destination Volume (Tonnes) Value ($000s) May-13 May-14 May-13 May-14 Denmark 3522.2 5228.6 48.4% 14273.5 21441.2 50.2% United States of America 5707.5 5340.9-6.4% 17642.9 19226.3 9.0% Canada 3003.4 1892.2-37.0% 9798.1 7000.0-28.6% Netherlands 411.4 1381.7 235.8% 1718.5 4550.0 164.8% Italy 57.8 66.9 15.8% 938.0 1303.3 38.9% Ireland 0.0 142.7 0.0 640.2 Belgium 0.0 142.3 0.0 576.9 Sweden 49.0 97.9 99.9% 282.5 237.2-16.0% Spain 43.4 10.5-75.8% 613.1 155.0-74.7% Finland 0.0 116.8 0.0 142.4 Taiwan 4.9 2.3-52.9% 49.6 30.3-38.9% Korea, Republic of 7.1 0.9-87.2% 46.4 19.2-58.6% Croatia 0.9 1.3 38.6% 6.8 9.8 43.9% France 0.3 0.1-59.5% 3.4 2.7-21.8% China 31.3 0.0-100.0% 94.1 0.0-100.0% Grand Total 12,839 14,425 12.4% 45,467 55,334 21.7% 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 may 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. 21/07/2014 Commercial In Confidence 10