Chinese meat imports will be higher this year than initially forecast

Published 2023년 1월 25일

Tridge summary

Despite ongoing Covid-19 infections, China's imports of beef and pork are projected to rise slightly, while chicken meat imports are expected to decrease, according to the USDA. The economic recovery and the anticipated revival of the horeca channel in China are expected to boost beef and pork consumption and imports. However, pork availability may not be enough to meet the growing demand. Beef imports are predicted to increase, while chicken meat imports will decrease and remain below pre-pandemic levels. Global beef production is expected to remain stable, with Australia and Brazil likely to increase their market share. Global pork production is expected to grow slightly, but exports are anticipated to decline due to a drop in sales from the EU and Canada.

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

Original content

Despite the wave of Covid-19 infections that China is suffering, its imports of beef and pork have been revised upwards (compared to those advanced in October 2022) and the new figures represent a slight increase over purchases made abroad last year. In the case of chicken meat, however, they will be somewhat lower. That is the forecast that the United States Department of Agriculture (USDA) now manages, which points out in a report that 2022 would also have closed with imports higher than those announced. Looking ahead to this year, the expected improvement in the economy, together with an anticipated recovery of the horeca channel, will generate an increase in consumption and imports of beef and pork. In the case of the latter, although the production of Chinese pigmeat has been revised upwards with respect to the forecast that the USDA presented in October (55 million tons, compared to the 52 million forecast in October), the availabilities of the country will remain ...

Source: Agropopular