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A region with two stories……….growing established markets & developing emerging markets. Aaron Iori Regional Manager SE Asia/Greater China. Address outline. Overview of markets Factors underpinning demand Key issues. Introduction. Region dynamics, characteristic & definition.
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A region with two stories……….growing established markets & developing emerging markets Aaron Iori Regional Manager SE Asia/Greater China
Address outline • Overview of markets • Factors underpinning demand • Key issues
Introduction • Region dynamics, characteristic & definition • Economic growth + Rising population = increase demand
Strong growth in Indonesian demand for both live cattle & beef
Distribution of additional world population (2010 – 20) Concentration of population growth in Asia 0% 4% 58% 29% 9%
Forecast income growth to 2018 Source: IDB Database, USDA Agriculture Long Term Forecasts
Market Access • Food security • Free trade agreements • ASEAN (complete) • China (underway) • Indonesia (yet to commence) • Market Access restrictions • China • Indonesia • Plant accreditation • China • Malaysia • FMD zoning issue in Indonesia • Brazil & Indian beef • Halal
The global financial crisis More gloom for US housing markets
In many of these countries we are competing against the “world” for a share of beef $$$
Conclusion • Due to growth of populations and growth of incomes beef markets in developing Asia are likely to grow strongly over coming years – albeit, at times, erratically. • Competition in these markets is fierce, but Australian beef is increasingly well regarded & we are assisted by our proximity. • MLA will continue to invest in these markets to secure our long term future.