USDA: China's meat import and export forecast in 2023

Published 2023년 3월 24일

Tridge summary

In 2023, China's pork production is expected to slightly increase to 55.5 million tons, with a forecast of 5,000 breeding pigs imported due to a large domestic stock of sows. The country's pork imports are projected to rise by nearly 4% from 2022 to 2.2 million tons, despite being restrained by increased domestic production. Cattle production is expected to remain steady at nearly 52.6 million heads, but cattle imports are forecast to decline due to large cattle inventories and supplier-initited export bans. Beef production is anticipated to grow by 3% to 7.4 million tons, driven by increased demand in the HRI and retail sectors, although beef imports are predicted to see a slight decrease due to a potential suspension of exports from Brazil.

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

Original content

Import of breeding pigs in 2023 is forecast at 5,000 heads due to large domestic stock of sows. At the beginning of 2023, the sow inventory in China exceeded the target set by the Ministry of Agriculture and Rural Affairs (MARA). Large stock of sows is expected to limit the import of breeding pigs. Pork production in 2023 is estimated at 55.5 million tons (MMT), a slight increase. Manufacturers are expected to respond to strong consumer demand following the lifting of COVID restrictions. Pork production growth will be constrained by pork prices. In 2023, producers are expected to continue to increase herds as they think prices will rise. In 2023, China's pork imports are expected to increase by nearly 4% from 2022 to 2.2 million tons due to stronger consumer demand following the end of COVID-19 restrictions, but the pace Import growth will be restrained by increased domestic production. The 2023 cattle production forecast is unchanged at nearly 52.6 million heads. Herd growth ...

Source: Vinanet