China

China's meat market: beef imports are growing, pork is falling

Products

The Asian country imported less meat last month but beef imports are on a growing trend.

Posted on Oct 19 ,07:59

China's meat market: beef imports are growing, pork is falling

Despite a significant drop in meat imports reported by China for September (-17%), there is one product which is on a growing trend. beef imports for September were higher than the volumes reported for the last 5 months and larger than the ones reported in 2020. 220,000 tonnes of beef have entered China (mainland) last month, similar to the volumes reported for March this year and significantly higher than the ones reported for each month of 2020, informs B2B platform Beef to China, quoting data from the General Administration of Customs of China (GACC). (see chart below)

1634606561219


In terms of value, this is an all-time record reported in the Chinese beef market: $1.33 billion and the growing trend is expected to continue for the last quarter of the year.
Meantime, pork imports have dropped to 210,000 tonnes, almost 50% lower than the volume reported in September 2020 (310,00 tonnes). Since March this year, pork imports have been on a descending trend, going down from 580,000 to 210,000 tonnes last month (see chart below).

pork china

Domestic production is expected to remain strong for the rest of the year but analysts believe China will resume pork imports at elevated levels in the first part of 2022 due to a contraction in the national pig inventory.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

International

China seems to head for 100% self-sufficiency in pork

China is following the path of self-sufficiency in pig meat, with a rate of 100% for this year, a...


Read more Read more
Nigeria

Nigeria partially opens the market for US pork

The United States now can export sausage and similar products to Nigeria, which last week announc...


Read more Read more
China

16% increase in China's meat production

The National Bureau of Statistics of China has published data on meat production in 2021, which w...


Read more Read more
Websolutions by Angular Software and SpiderClass