Why will China's meat exports be complementary to the Colombian livestock sector?

In his speech, the Institutional Relations Manager of Minerva Foods Colombia began by explaining why China has become the main importer of beef in the world, pointing out factors such as African swine fever, which decimated its pig population and wiped out its main supply of animal protein, as well as the increase in their GDP and consumer income led them to seek higher value meats. «As we have a growing economy, with a higher per capita income, one of the proteins that is most marked in terms of consumption is the consumption of beef. (…) We see how since 2003 the trend of beef growth even exceeds that of sheep meat,” he noted during the broadcast. According to the expert, forecasts indicate that meat consumption in China will continue to grow and that, although its consumption is low (around 5 kg per capita per year), it is the protein that is growing the most and is expected to increase 1 .4% per year (+12% in 2032). Likewise, its imports of beef protein could grow 15.6% ...