Australian sheep industry projections 2018 report showed that international demand for live and boxed sheep imports continues to grow, with the Australian sheep industry described as set to enjoy a robust future.
In 2017, Australian sheep meat exports had their best year since 2014.
The report stated that despite the increase in pricing for both lamb and sheep in 2017, international demand for imports remains robust, resulting in a 20 per cent rise in the export value of lamb and 45pc increase in value for mutton. These are both at new record levels.
Supplies of lamb remain restricted, which is placing pressure on price for importers, the long-term fundamentals remain positive for the Australian sheep meat industry.
Australian lamb exports in 2018 are expected to be slightly lower year-on-year, this is 4pc above the five year average and export volumes are expected to build back to new highs for 2019 as production and demand grows.