Browse Data and Analysis

Australia has proven to be an appealing and profitable market for U.S. companies for many years. Apart from an extremely strict quarantine regime, it offers few barriers to entry, a familiar legal and corporate framework, and a sophisticated, straightforward business culture.

In 2022, the Australia beef industry is set to continue its herd rebuilding phase which began in 2021. As the herd numbers have begun to recover, overall cattle slaughter is expected to rise from the 50-year low of last year.

After two straight years of reaching record levels, New Zealand beef production and exports are expected to fall slightly in 2022. This decline is a result of expected reduced steer and heifer slaughter, as calf retentions in 2019 boosted last year’s slaughter number. As the size of New Zealand’s cattle herd is relatively steady, slaughter numbers are expected to return to more typical levels this year.