China's pork imports in 2022 are expected to decrease by 5%

Published 2022년 1월 28일

Tridge summary

In 2021, China imported 2.8 million tons of pork, valued at $8 billion, maintaining similar volume but increasing value by 3% compared to the previous year. Despite a decrease in trends for other meat imports in the second half of the year, US pork imports fell by 36%, while imports from Spain and Brazil surged. China's pork imports are projected to decrease by 5% in 2022 due to increased domestic production, with the Chinese government planning to support major pig breeding companies to expand. By 2022, China could reach 100% of its capacity to be self-sufficient in pork, potentially significantly impacting pork exports from Brazil, Spain, the US, and Canada.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the latest report of IndexBox, in the 8 months of 2021 China - the world's largest pork market, imported 2.8 million tons of pork, worth 8 billion USD, this import volume is almost equivalent to compared to the same period in 2020, but the value increased by 3%. According to data from the General Administration of Customs of China, the trend of meat imports in the second half of 2021 decreased. China's pork imports from the US fell 36% to 340,000 tons, while imports from Spain and Brazil increased sharply. Imports from Spain reached 900,000 tons, equivalent to 2.6 billion USD, up 70% in volume and 76% in value over the same period in 2020. Imports from Brazil reached 360,000 tons, equivalent to 1 $0.2 billion, up 25% in volume and 21% in value. In 2022, China's pork imports are expected to decline by 5% due to increased domestic pork production. The Chinese government is expected to support major pig breeding companies to continue to expand their pig herds. Pork ...

Source: Vinanet