5% decline in China's pork imports for 2022

China, the world’s largest pork market, imported 2.8M tonnes of pig meat worth $8B from January to August 2021, a recent report from IndexBox states. Compared to the same period a year earlier, the volume of imports remained nearly unchanged, while in value terms purchases grew by 3%. However, data offered by the General Administration of Customs show a downward trend for meat imports in the second half of 2021.Pork supplies from the US dropped by 36% to 340K tonnes, while Spain and Brazil sharply boosted their exports to China. Against the same period of 2020, purchases from Spain increased by 70% to 900K tonnes or by 76% to $2.6B in value terms. Supplies from Brazil rose by 25% to 360K tonnes or 21% to $1.2B in monetary terms. In 2022, China’s pork imports are projected to drop by 5% due to rising domestic pork production. The Chinese government is expected to support large pig farming companies to keep expanding their herds. China’s Pork Imports Statistics - 2020 Pork imports ...