Uncovering the Value of the Japanese and South Korean Beef Markets: The Benefits Beyond the Headlines for Australian Exporters

The beef demand outlook for Japan and South Korea is positive. We expect total import volumes for Japan to grow over the next five years at an average of just over 2% per year. South Korean total beef imports are expected to grow slightly faster, at just under 4% per annum.

Recognising and working to improve the underlying values these markets provide will ensure that Australia retains its position as a preferred supplier to Japan and South Korea. Furthermore, these countries will continue to form the cornerstone of the Australian beef export market and, as such, help to underwrite the success of the Australian beef industry.