Jul. 25 – Meat consumption in China increases progressively every year, among others, beef meat consumption grow dramatically as China’s middle class continues to expand, imported beef meat products in China market have increased in volume between 2003 and 2016. This trend reflects that overall beef meat consumption in China is expected continuing to rise in 2017 and beyond.
Beef Meat Products in China
Traditionally, china is not beef consumption country, more pig meat consumed than beef meat. However, sine imported food and beverage are becoming popular in China market, imported beef meat draws Chinese consumers attention, and targeting multi-tier market to gain market opportunities in China has been stirred up. Beef meat products price has been a determine factor in China market, the price of the beef in China is becoming higher and it is now more than four times higher than in 2005 while the prices of poultry and pork prices rose 1.8% in the same period. The rapid growth in beef consumption shows a greater tolerance of consumers for the soaring price of beef compared to other meats. Thus, there is little chance that the price of the beef decreases. Indeed, there are three major supply chains where meat products can be purchased by Chinese consumers, with the restaurant industry, the retailers, and the institutional buyers. In every major sector, there are several sub-sectors, and each demand is done for specific products. Strong demand from restaurant chains and retailers on the market offers opportunities for both Chinese and foreign companies in the processing sector. Moreover, Chinese companies play an important role in the global market for beef.
Beef Meat Supply in China Market Partly by Imports
Despite the beef market shortages in China, the latest import figures show a significant increase over the years, with an increasing rate of 44% over the past year with an average consumption of 71,500 tons per year. According to China related report indicate that local production meets 80% of the demand, and the remaining 20% are satisfied by imports. The new trend for beef suppliers from China toward the consumer market is likely to focus on value creation and brand image, by proposing different pricing range from average to premium products. At this moment, the leading beef supplier to China is Australian, that maintain a dominate position in foreign beef products in China market, and this situation still grow strong. Among others, China has gradually open to Canadian beef market; accepting imports of young boneless beef younger than 30 months, making Canada the first country affected by BSE Bovine Spongiform Encephalopathy, to regain beef trade with China since June 2011. At the same time, there are increase at a significant rate of beef imports from other suppliers, such as, Uruguay and New Zealand.
U.S. beef in China from now on
It’s a noticeable announcement from the US government which stated: China just agreed that the U.S. will be allowed to sell beef, and other major products, into China once again. This is REAL news! Indeed, China to allow US beef exports after deal on trade issues with U.S. this year and its cheerful news for the US beef producers, exporters in particular. There are busy move in beef export sector in the U.S. And the U.S. beef has been debuted in China’s retail sector this month, at the same time, U.S. beef retail launch promotion at a City Super supermarket in Shanghai. It is an immediately action from U.S. beef exports to China. Experts indicate that U.S. beef imported to China remains to be seen how American beef meat will compete against Brazilian, Australian, Canada and British products in the Chinese market, and how imported U.S. beef in China that wines Chinese consumers’ taste with competitive price.
China Beef Market Potential
Due to the high demand of consumers, retail channels are creating new demands. International actors are also playing their role in order to find the best place to capitalize on new market trends. Chinese companies are also known to integrate into the global market by actively making outbound investments on selected regions. The beef demand in China will continue to have strong growth in the next decade. The estimation will be at approximately 2.2 million tons by 2025, more imports will play a decisive role in bridging the supply gap, and the beef market in China will also bring new potential for value-added products.
Chinese Importers for Beef Meats Products
For beef producers, manufacturers or exporters the most challenging factor is to connect with realizable Chinese beef importers that will avoid nu-necessary imports/exports business risks. First of all, as beef exporters the basic knowledge over beef import to China should be possessed. For instance: Packaging, Quality inspection, Lab testing, Shipping/Freight cost, import license, Insurance, Port Fees, Inland transportation, Permits and licenses. Import duties and other taxes: VAT and/or Sales Tax, Import Duties, Anti-Dumping Duties, etc. How to manage the importing process in China, from identify the right Chinese importers to manage shipping and customs procedures, and to apply a step-by-step process to avoid quality issues and fraud. For the List of Chinese Importers for Beef Meat Products and A Complete Guide Importing Beef into China available upon request, please contact with DCCC, or email to: email@example.com