Exports by value
Beef exports
As stated previously, Japan is Western Australia’s largest market by volume and it is also the largest market by value, taking $31.4 million of Western Australian beef in 2014/15. This was followed by South Korea then the USA. Whereas the USA was the fourth largest export destination for Western Australian beef in volume terms, it is the third largest destination in value terms meaning it takes higher value cuts than other markets. It had a meteoric year-on-year increase in export value of 1095% (Figure 9).
Live exports
As expected the value of live exports, in a similar fashion to the volume, has been quite volatile over the last 10 years. Whereas there has been a year-on-year decrease of 10% in 2014/15 to $213 million, this followed an 80% increase during 2013/14. It is also well above the 10 year average of $189.5 million represented by the orange (horizontal) line in Figure 10.
During 2014/15, Western Australia exported live cattle to over 10 destinations. The most lucrative destination for live cattle in both volume and value terms was Indonesia as seen below in Figure 11. The second largest destination in value terms was Israel followed by Viet Nam. Viet Nam has only been active in this market for the past three years and has been increasing substantially each year. During 2014/15 the value of live cattle exported to Viet Nam increased by 312% year-on-year.
