China

China to set a record in pork imports

Pork

A Rabobank outlook shows that, in 2020, the Asian country will reach 4.6 million tonnes in pork imports.

Posted on Nov 11 ,06:44

China to set a record in pork imports

China will increase the pork imports in the following years, with a peak of 4.6 million tonnes predicted for 2020, according to Rabobank estimates. An outlook presented last week by the bank shows that even this year a record will be set in pork imports that are expected to be between 3.1 and 3.3 million tonnes due to a dramatic decrease in the country's swine inventory and pork production.
The African Swine Fever (ASF) situation is going to be present for at least 5 years, reducing the chance for a rapid recovery in pork production.
Pork import levels are going to be high between 2021-2025 reaching at least 3 million tonnes per year, according to the analysis. For now, China pork imports are accounting for 25% in global pork trade but for next year a decrease of 15% in Chinese pork production will push the imports higher than ever, says the report. The bank also believes that a consolidation process will occur in China's pig sector until 2025, with small farms accounting for only 30% of the production, while large farms with more than 10,000 head will dominate the market.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

INTERPORC: The importance of reverse trade missions

These are unique experiences that highlight the strengths of the production system, strengthening...


Read more Read more
BRAZIL

Brazil: JBS to spend $100 million to build 2 factories in Vietnam

According to a statement from the company, the plants will produce beef, pork and poultry, and wi...


Read more Read more
NEW ZEALAND

New Zealand red meat exports grow

The United States was the largest export market, increasing by 32 per cent to $339 million, while...


Read more Read more
Websolutions by Angular Software and SpiderClass