As Australia's beef trade navigates the final stages of a lean year, 2025 may present significant opportunities for the nation's beef exporters in nations such as Thailand, Malaysia, Indonesia and the Philippines.
That's according to Angus Gidley-Baird, the Senior Analyst at Rabobank, who appeared on the Country Viewpoint program to update listeners on the latest facts and figures to come out of Australia's beef industry along with developments coming thick and fast in overseas politics and how Australian exports could be impacted by this in 2025.
"I looked at Southeast Asia and we're looking at Southeast Asia as a group of nations but recognising that they're all unique and individual in their own right, but you know Vietnam, Thailand, Malaysia, Philippines and Indonesia to me has a huge opportunity for Australia particularly looking three to five years out," Gidley-Baird said.
"We know the US is in a bit of a downturn in terms of production at the moment, Brazil is about to go through one in three to five years' time, they might be both back online producing large volumes, that global market is going to become increasingly competitive.
Gidley-Baird clarified that while Australia already enjoys a favourable trade scenario in Southeast Asian regions, exporters in the industry need to find ways to magnify trade outcomes in Asia in the near future.
"We've already got a good, strong position in Southeast Asia - how we can actually leverage off that and feel the demand in that market I think is one thing that we've really got to focus on, because that could be our opportunity to just diversify our markets and protect ourselves from that overly competitive global market."
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