China's big importers show different trends

Published Feb 10, 2023

Tridge summary

In 2022, China, the world's leading importer of pork, saw a significant decrease in its pork imports, both fresh and frozen, falling by half compared to 2021. This decline is attributed to reduced demand due to the COVID-19 pandemic. Hong Kong also experienced a drop in pork imports. In contrast, Japan and South Korea increased their pork imports, with Spain emerging as the leading supplier to South Korea, surpassing the US. China's import increase is linked to the government setting an additional duty-free quota for 70,000 tons of pork to combat consumer price increases. The Philippines also lowered pork import tariffs, resulting in an increase in imports.

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

Original content

China is the main importer of pork in Asia (also in the world), but in 2022, although it is still the Top-One, it has considerably reduced its imports compared to the previous year. China's fresh and frozen pork imports have halved compared to 2021 to 1.47 Mt. Offal imports have also fallen, although to a lesser extent. 1.04 Mt were imported in 2022, therefore 13.9% less, according to data from the Danish agricultural and food organization L&F. One of the reasons for the lower Chinese imports is the decrease in demand as a result of the Coronavirus. Hong Kong, for reasons similar to those of China, has also reduced its imports in 2022, by 28.7% in the case of pork and by 73.6% in the case of by-products. The situation in Japan, the world's second largest importer of pork, is quite different. In 2022, it increased its imports of fresh and frozen pork to 977,100 t (+8.2%), as a result of higher demand. Spain increased its exports to Japan by more than half to 186,400 t. Although the ...

Source: Agrodigital