Post by account_disabled on Mar 9, 2024 4:05:18 GMT -5
In the January-August 2021 period, China imported 2.8 million tons of pork worth $8 billion. Compared to the same period last year, the volume of imports remained practically unchanged, but in value terms, they grew by 3%.
In terms of origin, US pork supplies fell 36% to 340,000 tonnes, while Spain and Brazil sharply increased their exports to China. Compared to the same period in 2020, purchases from Spain increased by 70%, with 900,000 tons and 76% in value, with 2.6 billion dollars. Likewise, imports from Brazil increased by 25%, with 360,000 tons, which implies an increase of 21% in value, 1.2 billion dollars.
In 2022, pork imports from Ecuador Mobile Number List China are expected to fall by 5% due to the increase in domestic production, motivated by the good prospects for the sector. In fact, the Chinese government is expected to support large pig farming companies to continue expanding their production.
For context, pork imports into China skyrocketed from 2 million tons in 2019 to 4.3 million tons in 2020.
In that same year, Spain, with 934,000 tons, the US, with 696,000 tons, and Brazil, with 481,000 tons, were the main suppliers of pork to China, with a combined share of 49% of total imports.
In value terms, the largest suppliers of pork to China were Spain ($2.7 billion), the US ($1.6 billion) and Brazil (1.6 billion), with the US being the country with the largest growth rate, having multiplied by three in total value.
The Chinese middle class is demanding high-end meat, causing imports to increase
In the first 10 months of 2021, sales of Spanish hams and shoulders grew by more than 32.96%, worth 17.35 million euros.
In the case of boneless ham and other sausages, they increased by 62% compared to the previous year, while boneless ham grew by 125%, according to data from Chinese customs.
These good data support the sector's forecasts for the coming years, which expect a growth in imports of 60% by 2025, but the main barrier remains the lack of recognition of foreign designations of origin and the complex certification process within the Chinese territory.
China imported more than $1.08 trillion of food in 2020 and $1.01 trillion in the first three quarters of 2021. The market for quality products, including imported meat and agricultural products, has expanded rapidly to As China's middle-class population has grown, it has become the world's largest consumer market, with retail sales worth $7 trillion last year. Its middle-class population reached 400 million in 2021, which represents almost 30% of the total population and indicates that there is still a large population with the potential to see its purchasing power increase and thus the demand for higher-quality foods. quality.
In terms of origin, US pork supplies fell 36% to 340,000 tonnes, while Spain and Brazil sharply increased their exports to China. Compared to the same period in 2020, purchases from Spain increased by 70%, with 900,000 tons and 76% in value, with 2.6 billion dollars. Likewise, imports from Brazil increased by 25%, with 360,000 tons, which implies an increase of 21% in value, 1.2 billion dollars.
In 2022, pork imports from Ecuador Mobile Number List China are expected to fall by 5% due to the increase in domestic production, motivated by the good prospects for the sector. In fact, the Chinese government is expected to support large pig farming companies to continue expanding their production.
For context, pork imports into China skyrocketed from 2 million tons in 2019 to 4.3 million tons in 2020.
In that same year, Spain, with 934,000 tons, the US, with 696,000 tons, and Brazil, with 481,000 tons, were the main suppliers of pork to China, with a combined share of 49% of total imports.
In value terms, the largest suppliers of pork to China were Spain ($2.7 billion), the US ($1.6 billion) and Brazil (1.6 billion), with the US being the country with the largest growth rate, having multiplied by three in total value.
The Chinese middle class is demanding high-end meat, causing imports to increase
In the first 10 months of 2021, sales of Spanish hams and shoulders grew by more than 32.96%, worth 17.35 million euros.
In the case of boneless ham and other sausages, they increased by 62% compared to the previous year, while boneless ham grew by 125%, according to data from Chinese customs.
These good data support the sector's forecasts for the coming years, which expect a growth in imports of 60% by 2025, but the main barrier remains the lack of recognition of foreign designations of origin and the complex certification process within the Chinese territory.
China imported more than $1.08 trillion of food in 2020 and $1.01 trillion in the first three quarters of 2021. The market for quality products, including imported meat and agricultural products, has expanded rapidly to As China's middle-class population has grown, it has become the world's largest consumer market, with retail sales worth $7 trillion last year. Its middle-class population reached 400 million in 2021, which represents almost 30% of the total population and indicates that there is still a large population with the potential to see its purchasing power increase and thus the demand for higher-quality foods. quality.