China Pork market potential is huge | pork prices jump in second half 2019

Pig products-China market great potential is huge Sep. 9 – Pork meat industry is facing challenges with shortage of pigs in China. African swine fever threatens 200m pigs in China, leading to a 30% drop in pork production, according a related economist report. The Chinese market opens a unique chance for global pork producers, pig farmers and meat traders to import pork to China with Chinese importers for pork meat.

Pork to China is in the Right Time

China’s first outbreak African swine fever was reported on August 3rd 2018 in Liaoning, a coastal province in the north-east of the country. In June 2019 the Ministry of Agriculture said the disease had been “effectively controlled” but a month later infected pigs were found in Liaoning. Industry insiders say outbreaks are going unreported, either because local authorities cannot pay farmers forced to cull their herds, or because they fear punishment from higher-ups. Some farms are reported to be selling infected pigs, thereby spreading the virus. With pork prices in the country expected to jump by 70% year-on-year in the second half of 2019, China’s favorite meat may soon be off many dinner tables.

Chilean Take Action Bright Pork Products to China

In a recent interview revealed that China becomes top destination for Chilean pork products, with the total value of Chilean pork imports expected to exceed 220 million U.S. dollars this year, according to Juan Carlos Dominguez, head of ChilePork, the national producers’ association of the Latin American country. Chile’s data showed that China was the principal destination for its pork exports, receiving 120,000 tonnes of Chilean pork and pork products in the first half of this year. It is estimated that the value of Chilean pork exports to China will exceed 220 million U.S. dollars this year, more than double that of last year, and the Chinese market will account for more than 30 percent of Chile’s total pork exports. “Chilean pork entered the Chinese market for the first time about six years ago,” said Dominguez. “At first, the main places of consumption were restaurants in first-tier cities such as Beijing, Shanghai and Guangzhou, and the annual export value was less than one-tenth of what they are today.” According to Dominguez, China is not only a big market with the greatest potential, but also one of the most open and inclusive markets in the world, and its contribution to global economic growth is increasing. “Global markets are interconnected and interdependent. If a country unilaterally raises tariff barriers for its own benefit, it will directly harm not only its own consumers but also its trading partners, thus adversely affecting consumption and economic growth in the relevant markets,” he said. “Tariff barriers will not benefit anyone, and free trade is indispensable to the development of global markets. The story of Chilean pork exports to China tells us so.”

Pork Products China Market Potential is Huge

China’s unprecedented economic growth has transformed the country into a global powerhouse. With pork prices in the country expected to jump by 70% year-on-year in the second half of 2019, China’s favorite meat may soon be off many dinner tables. Given the size of the market and its growing middle class, with a population of 1.42 billion, the total value of foreign food imports amounted to $77 billion in 2018. In a culture where meat eating is considered a sign of prosperity, Chinese consumer’s influence is now impacting the global pig industry. Besides the main countries supplying China with meat and edible meat offal, such as: Brazil, United States, Australia, New Zealand and Uruguay, there are some pork products suppliers from EU countries to enter into China market, especially Denmark and some East-European countries take quick action, positively import higher quality pork meat into China. At this moment, pork meat market opportunities in China is great, for those pig products related business would like to explore market potential of your pork products, the List of Chinese Importers for Pork Meat is available, please contact with DCCC, or email to info@dccchina.org

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