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Livestock and Poultry: World Markets and Trade

Veal
Poultry
World
COVID-19
Demand
Jun 30, 2022
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Livestock and Poultry: World Markets and TradeMajor Pork Exporters Look to Markets Outside China China import demand for pork surged in the wake of supply deficits caused by African swine fever. As pork production declined by nearly a third in 2020, imports nearly quadrupled and China accounted for more than 40 percent of global trade to satiate the world’s largest consumer of pork. Hog sectors around the world – spurred on by sky-high prices in China – expanded production, shifted product out of their domestic markets, and redirected pork from other destinations. Among the four largest exporters in 2020, the share of exports destined for China ranged between 29 and 55 percent on a volume basis.Pork trade with China remained firm in early 2021 and grew 20 percent year-over-year in the first quarter. However, by May, imports slipped below year-earlier levels and by December, imports were more than 60 percent or 300,000 tons lower than the same month in 2020. Recovery in China ...
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