China - Frozen Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
Frozen Pig Meat Market in China - Key Insights
IndexBox has just published a new report, the China - Frozen Pig Meat - Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report's key findings.
The revenue of the frozen pig meat market in China amounted to $5.7B in 2017, shrinking by -7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, frozen pig meat consumption continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2011. Over the period under review, the frozen pig meat market attained its peak figure level at $6.1B in 2016, and then declined slightly in the following year.
In 2017, production of frozen pig meat in China totaled 2.3M tonnes, increasing by 17% against the previous year.
Frozen Pig Meat Exports
In 2017, approx. 43K tonnes of frozen pig meat were exported from China; going up by 10% against the previous year. Overall, frozen pig meat exports continue to indicate an abrupt downturn.
In value terms, frozen pig meat exports amounted to $218M (IndexBox estimates) in 2017.
Exports by Country
Hong Kong (27K tonnes) was the main destination for frozen pig meat exports from China, with a 62% share of total exports. Moreover, frozen pig meat exports to Hong Kong exceeded the volume sent to the second major destination, Ukraine (4.8K tonnes), sixfold. The third position in this ranking was occupied by Russia (4.5K tonnes), with a 10% share.
From 2007 to 2017, the average annual growth rate of volume to Hong Kong totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+11.9% per year) and Russia (+15.2% per year).
In value terms, Hong Kong ($156M) remains the key foreign market for frozen pig meat exports from China, comprising 71% of total frozen pig meat exports. The second position in the ranking was occupied by Kyrgyzstan ($16M), with a 7.4% share of total exports. It was followed by Russia, with a 6.7% share.
Export Prices by Country
The average frozen pig meat export price stood at $5.1 per kg in 2017, waning by -2.5% against the previous year. In general, the export price indicated a strong growth from 2007 to 2017: its price increased at an average annual rate of +9.5% over the last decade. Based on 2017 figures, the frozen pig meat export price increased by +72.8% against 2010 indices.
Export prices varied noticeably by the country of origin; the country with the highest export price was Hong Kong ($5.9 per kg), while the average price for exports to Ukraine ($2.6 per kg) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Hong Kong (+10.8% per year), while the export prices for the other major destinations experienced more modest paces of growth.
Frozen Pig Meat Imports
Frozen pig meat imports into China amounted to 821K tonnes in 2017, waning by -24.6% against the previous year.
In value terms, frozen pig meat imports amounted to $1.5B (IndexBox estimates) in 2017.
Imports by Country
Spain (169K tonnes), Germany (132K tonnes) and the U.S. (96K tonnes) were the main suppliers of frozen pig meat imports to China, together comprising 48% of total imports. These countries were followed by Canada, Denmark, the Netherlands, Brazil, France, the UK, Hong Kong, Ireland and Chile, which together accounted for a further 48%.
From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Brazil (+76.1% per year), while the other leaders experienced more modest paces of growth.
In value terms, the largest frozen pig meat suppliers to China were Spain ($319M), Germany ($257M) and the U.S. ($164M), together comprising 49% of total imports. Denmark, Canada, the Netherlands, Brazil, France, Ireland, the UK, China, Hong Kong SAR and Chile lagged somewhat behind, together comprising a further 48%.
Import Prices by Country
The average frozen pig meat import price stood at $1.9 per kg in 2017, lowering by -9% against the previous year. In general, the frozen pig meat import price continues to indicate prominent growth.
There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Brazil ($2.4 per kg), while the price for Hong Kong ($1.2 per kg) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Chile (+9.5% per year), while the import prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the frozen pig meat market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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