Spain has made a fortune exporting pork to China; now it has a gigantic enemy, Russia

Published 2024년 12월 30일

Tridge summary

Russia is capitalizing on the strained relations between China and the EU by increasing its pork exports to China, a market worth billions of dollars annually. This comes as the EU's share of the Chinese pork market is under threat due to tariff disputes and an anti-dumping investigation by China. In contrast, Spain, a significant supplier, saw its position as the top exporter to China in 2020 decrease to second place in 2023. Russia has already regained a foothold in the Chinese market, having been excluded for nearly 15 years due to health restrictions, and aims to increase its market share, with expectations to double its pork exports to China within the next year if more suppliers are certified by China.

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

Original content

When the waters are troubled, the fishermen profit. Or, for that matter, the Russian farmers. With relations between Beijing and the European Union (EU) strained by tariff policy, Moscow has seen its great opportunity to gain a foothold in a particularly juicy market: that of Chinese demand for exported pork. It has no shortage of muscle. And after returning this year to Chinese butcher shops, from which it had been excluded for almost a decade and a half due to Beijing's health restrictions, there are those in the Russian sector who are already hoping to take over the EU's share. The big question is: What can we expect from now on? To start with, some figures. China is the world's largest producer of pork. But it also has a huge, gigantic market that imports hundreds of thousands of tons of pork pieces worth billions of dollars each year. More specifically, some 3.5 billion, according to data from World's Top Export, although there are those who speak of considerably higher ...

Source: Agromeat