March 2018 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) Mar-18 5,323 412,002 42,730 147.6 161,985 673.8 Mar-17 5,139 392,880 36,972 134.2 171,871 658.5 3.6% 4.9% 15.6% 10.0% -5.8% 2.3% Mar-18 462 35,820 4,358 13.3 17,198 68.7 Mar-17 472 36,181 3,371 12.0 21,033 82.9-2.0% -1.0% 29.3% 11.2% -18.2% -17.1% Source: ABS SW = Shipped Weight = Moving Annual Total Graph 1.1: Australian Pig Slaughtering Trends 2014-2018 10/05/2018 Commercial In Confidence 1
Production Table 2.1: Australian slaughter and production trends March 2018 and Comparison to March 2017 Slaughtering Pigmeat Production Average Slaughter Weight Month (Tonnes) (Tonnes) kg/head 12 month Avg. kg/head Mar-18 462 5,323 35,820 412,002 77.5 77.4 Mar-17 472 5,139 36,181 392,880 76.7 76.4-2.0% 3.6% -1.0% 4.9% 1.0% 1.2% Graph 2.1: and Pig Slaughter Numbers March 2013 to March 2018 Graph 2.2: & Australian Pigmeat Production March 2013 to March 2018 10/05/2018 Commercial In Confidence 2
Table 2.2: Slaughtering by Type March 2018 and comparison to March 2017 Slaughtering Pigmeat Production Average Slaughter Weight Mar-18 (000s) (Tonnes) 12 Month Avg. kg/head Change (kg/head) Porkers 207-16.4% 11,568-14.9% 55.8 1.5% Baconers 4,973 5.4% 381,510 6.2% 76.7 0.7% Sows 115 2.0% 17,729 0.8% 154.3-1.1% Other Pigs 28-52.3% 1,184-48.4% 43.1 2.6% Graph 2.3: Australian Sow Slaughtering Trend March 2013 to March 2018 Table 2.3: Slaughtering Comparison YOY 2012 2018 Slaughterings (000's) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 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 2017 402.4 395.8 471.6 386.8 484.4 471.7 449.7 472.1 430.7 432.6 443.5 433.4 2018 433.7 422.3 462.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 % 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% % Chg 16/17 10.8% -3.9% 8.4% -8.3% 8.9% 3.5% 5.6% 5.1% 1.1% 9.2% 6.6% -0.1% % Chg 17/18 7.8% 6.7% -2.0% -100.0% -100.0% -100.0% -100.0% -100.0% -100.0% -100.0% -100.0% -100.0% 10/05/2018 Commercial In Confidence 3
Graph 2.4: Slaughtering by State Table 2.4: Slaughtering by State March 2018 and comparison to March 2017 Slaughtering Pigmeat Production Average Slaughter Weight Mar-18 (000s) vs. YA (Tonnes) vs. YA 12 Month Avg. (kg/head) Change (kg/head) NSW 910 7.4% 67,779 7.7% 74.5 0.3% VIC 1155-0.7% 89,931 0.3% 77.8 1.0% QLD 1096-0.2% 89,360 2.6% 81.5 2.8% SA 1357 4.2% 104,222 4.5% 76.8 0.2% WA 770 11.0% 58,326 14.1% 75.7 2.8% TAS 35 0.8% 2,373 6.4% 67.8 5.6% 10/05/2018 Commercial In Confidence 4
Exports (Including Offal Breakdown) Table 3.1: Australian Farmed Pig Exports March 2018 comparison to March 2017 Month 12 month Avg. (million) (million) Mar-18 4,358 42,730 13.3 147.6 $3.06 $3.46 Mar-17 3,371 36,972 12.0 134.2 $3.56 $3.64 29.3% 15.6% 11.2% 10.0% -14.0% -5.0% Graph 3.1: Volume of Australian Farmed Pigmeat Exports and March 2013 to March 2018 Graph 3.2: Value of Australian Farmed Pigmeat Exports and March 2013 to March 2018 10/05/2018 Commercial In Confidence 5
Table 3.1a: Australian Farmed Pig Exports (Offal) March 2018 comparison to March 2017 Month 12 month Avg. (million) (million) Mar-18 983 7,974 1.6 15.9 $1.63 $2.02 Mar-17 565 5,797 1.3 14.6 $2.31 $2.54 73.8% 37.6% 23.0% 9.1% -29.2% -20.5% Graph 3.1a: Volume of Australian Farmed Offal Exports and March 2013 to March 2018 Graph 3.2a: Value of Australian Farmed Offal Exports and March 2013 to March 2018 10/05/2018 Commercial In Confidence 6
Table 3.2: Australian Pig Exports by Key Export Countries Mar 2018 comparison to Mar 2017 Mar-18 Avg. (million) $A/KG Singapore 16,142 11.1% 75.5 0.4% $4.69-9.5% New Zealand 5,433 40.0% 16.7 38.7% $3.08-3.2% Hong Kong 4,276 17.5% 13.7 10.8% $3.26-5.6% Philippines 6,770 43.4% 8.4 51.9% $1.24 5.2% Papua New Guinea 5,422 14.2% 18.4 45.8% $3.41 25.2% Graph 3.3: Percentage Volume Share of Farmed Exports by Country to March 2018 Table 3.3: Farmed Exports by State of Origin March 2018 Mar-18 Avg. NSW 10,581 19.7% 34,755 19.4% $3.28-0.2% VIC 7,887 7.2% 28,624-6.2% $3.63-12.5% QLD 4,504 29.7% 12,539 38.9% $2.78 7.1% SA 8,478 5.7% 26,250 4.0% $3.10-1.6% WA 11,202 29.0% 44,774 17.9% $4.00-8.6% NT 0.0-100.0% 0-100.0% Re-Export 77-85.0% 615-70.9% $7.96 94.5% 10/05/2018 Commercial In Confidence 7
Export Breakdown by Month Table 3.4: Exports by Country March 2018 comparison to March 2017 Australian Exports by Destination Volume (Tonnes) Value ($000s) Mar-17 Mar-18 % Chg Mar-17 Mar-18 % Chg Singapore 1,319.8 1,343.9 2% 6,424.5 6,509.3 1% Philippines 409.8 1,175.6 187% 469.3 1,545.9 229% New Zealand 354.1 509.0 44% 792.1 1,310.2 65% Papua New Guinea 418.6 453.0 8% 1,344.5 1,468.6 9% Hong Kong (Sar of China) 362.3 428.4 18% 1,237.2 1,151.8-7% Korea, Republic of 73.0 114.6 57% 155.7 130.2-16% Viet Nam 111.3 97.1-13% 189.5 221.9 17% China (excluding SARs and Taiwan) 70.9 49.8-30% 83.7 115.5 38% Malaysia 82.0 44.6-46% 135.2 115.5-15% New Caledonia 10.3 36.7 255% 88.8 156.2 76% Japan 70.2 29.0-59% 613.6 176.8-71% Solomon Islands 0.8 24.0 3055% 6.1 97.3 1496% Samoa 14.3 15.8 11% 25.7 19.0-26% Fiji 30.2 15.8-48% 239.6 125.9-47% Nauru 14.0 7.5-46% 105.7 46.5-56% Taiwan 1.0 5.0 420% 11.0 71.4 550% United Arab Emirates 0.0 4.0 0.0 28.0 Kiribati 0.6 2.1 266% 14.4 13.4-7% Grand Total 3,371.3 4,357.6 29% 11,987.6 13,328.2 11% 10/05/2018 Commercial In Confidence 8
Imports Table 4.1: Australian Pig Imports March 2018 comparison to March 2017 Month (million) (million) 12 month Avg. Mar-18 17,198 161,985 68.7 673.8 $3.99 $4.16 Mar-17 21,033 171,871 82.9 658.5 $3.94 $3.83-18.2% -5.8% -17.1% 2.3% 1.4% 8.6% Graph 4.1: Volume of Australian Pork Imports and March 2013 to March 2018 Table 4.2: Australian Imports by Key Import Countries March 2018 comparison to March 2017 Mar-18 (million) Avg. USA 67,544 4.9% 250.6 8.0% $3.71 2.9% Denmark 42,961-23.8% 184.1-12.7% $4.29 14.5% Canada 14,264-23.6% 50.3-25.8% $3.53-2.9% Netherlands 23,111 18.2% 99.0 38.2% $4.28 17.0% 10/05/2018 Commercial In Confidence 9
Graph 4.2: Australian Pork Import Volume Trends 2014-2018 Graph 4.3: Australian Import Volume Share by Country Financial Year Comparison 10/05/2018 Commercial In Confidence 10
Import Breakdown by Month Table 4.3: Imports by Origin March 2018 comparison to March 2017 Australian Imports by Destination Volume (Tonnes) Value ($000s) Mar-17 Mar-18 Mar-17 Mar-18 United States of America 7,992.1 7,219.4-9.7% 30,039.6 25,907.5-13.8% Denmark 5,541.5 5,035.1-9.1% 21,231.3 20,654.9-2.7% Netherlands 3,403.0 2,767.5-18.7% 13,668.4 11,116.4-18.7% Canada 2,759.9 1,026.5-62.8% 9,980.4 3,483.3-65.1% Ireland 749.9 577.9-22.9% 3,199.1 2,400.0-25.0% New Zealand 10.1 155.4 1431.6% 129.1 672.4 420.9% Italy 109.5 97.9-10.6% 2,257.7 2,037.0-9.8% Belgium 371.2 95.1-74.4% 1,425.5 401.8-71.8% Spain 51.3 87.9 71.4% 616.3 1,324.7 114.9% Germany 0.0 42.0 0.0 199.6 Korea, Republic of 5.3 12.0 126.8% 33.9 55.1 62.3% China (excluding SARs and Taiwan) 9.8 7.5-23.6% 75.7 37.5-50.4% Hungary 0.0 1.7 0.0 3.3 Taiwan 5.1 1.0-81.2% 78.8 8.2-89.6% Grand Total 21,032.8 17,198.2-18.2% 82,855.1 68,692.7-17.1% 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. 10/05/2018 Commercial In Confidence 11