Evaluating the socio-economic benefit of the red meat processing industry in regional Australia 2024

This study provides an overview of the socio-economic impacts of the red meat processing industry on the Australian economy for the 2023-24 period. The direct and indirect economic impacts of the red meat processing industry were modelled at the state and national levels. In this 2024 update, the economic impact at the local government area (LGA) has been modelled for the first time. 

This project updates previous studies commissioned by the AMPC in 2020 and 2022. These studies estimated the socio-economic impact of the red meat processing industry for each Australian state and territory.

The LGA analysis allows red meat processors to view the significant impact of their industry on the local community and wider economy. 

• Sales of $78,394 million across all industries (1.71 per cent of total Australian output)
• Value Added of $29,629 million across all industries (1.21 per cent of Australian GDP)
• The industry directly employed 39,561 full-time equivalent (FTE) persons and supported a further 149,925 jobs across supporting industries
• Total employment impact across all industries is 189,487 FTE jobs (1.16 per cent of total Australian industry employment)
• Total household income of $17,804 million from employed persons across all industries (1.30 per cent of total Australian household income)