Apr. 3 – China’s meat market is the second largest sector in the country’s entire retail food market in terms of value. As the largest pork consumer in the world, China’s per capita pork consumption reached 39.9 kg in 2018. In January 2019, meat product imports to China had amounted to approximately 1.2 billion U.S. dollars, according to statistics.
China’s Pork Import Market
China’s pork import market 2019 tends to show a positive signal as China pork market expert indicates that many domestic players and overseas suppliers in the pork industry are generally optimistic about the future market, even with the fluctuations in the market in 2018 which was a slight decrease in pork and a slump in offal, however, China’s pork import market still move ahead in 2019. According to China Business Intelligence Division at IQC Insights, throughout 2018, China imported a total of 1,192,828 tonnes of pigments and 946,730 tonnes of offal, declining by 2.0 percent and 23.4 percent respectively on a y-o-y basis. Among all pork meat suppliers’ countries to China in 2018, Germany ranked top with a market share of 19.1 percent and a y-o-y growth rate of 7.8 percent. In addition, Brazil pork meat export volume to China rose by 208.1 percent on a y-o-y basis and reached 150,091 tonnes, consequently, its market share also increased from 4.0 percent in 2017 to 12.6 percent in 2018, ranking fourth in 2018 and surpassing competitors, such as the USA, Denmark, Netherlands and France.
China’s Pork Import Volume and Price in 2019
China’s pork import volume hinge on essentially on the gap between domestic and imported foreign pork CIF prices. Besides the local domestic and in a foreign country price gap, there could be other influencing factors to consider when predicting China’s pork import in 2019.The tendency of China market prefer imported frozen pork will likely continue in 2019, such as, local slaughterhouses have needed to store surplus pork in cold stores due to the influence of ASF in China and ban live pig transportation in China. In addition, local packing houses, banquets catering companies, especially airliners catering suppliers, and numerous home-grown Chinese restaurants, could be more likely to choose imported pork to avoid risks in the future market. The price of imported frozen pork meat is on the rising at this moment, consumption is estimated to be larger than that of supply, likely there will be a short supply of live pigs for sale in later 2019, at the same time, the local price of pork meat is expected to stay an rising tendency, mainly after the summer season 2019 forwards.
China’s Major Pig Importing Companies
According to a related report, during the course of 2018, in China market the total number of pigs sold by the major 7 domestic companies was 44.9 million heads, representing 6.5 percent of the China domestic market, this tiny number is further away to meet the market demand, there is a pork deficit in China in the near future. Recently, Uruguay’s premium meat sector courts Chinese market, according China media report, eyeing growing appetite among Chinese consumers for premium meat, Uruguayan meatpacker Rondatel SA is looking to expand export of its distinctive black-pack meat products to the Chinese market. The slick packaging is eye-catching, and it also has an innovative label that tracks the contents from pasture to plate. Last year, the company shipped $80 million worth of meat to China, or 40 percent of its total exports. Chinese consumers are getting to know the Uruguayan brand, and the company has been receiving more orders from China. Now the challenge for the Uruguayan brand is that the Uruguayan company only be able to managed shipment 20 containers, some 500 tons per month, but the local Chinese importers asked for a shipment of 40 containers a month. At this moment, The Uruguayan Company plans to boost production by 35 to 40 percent by adding workdays and expanding warehousing and processing capacity. The company is going to invest in infrastructure to focus on the Chinese market and produce more pork products specifically for Chinese consumers. Consequently, not only China’s pork industry has enough space for future stretch and develop, but also China pork market opens enamors opportunities for pork met import. For pork meat production companies, pork farms, pork imports/export businesses, the List of Chinese Importers for Frozen Pork Meat Products is available upon request, email: email@example.com