China - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPork Prices are Causing the Chinese Economy to Suffer
IndexBox has just published a new report: 'China - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
The worry for prices to rise leaves hoarding tendencies, because feed has been raised. A breeder does not want to produce more stock when cost has risen.
Pork prices in China are at an all-time high, and if they keep going up the economy will suffer, Bloomberg says. In response, the government is imposing restrictions on hog trade, despite the fact that it wants more people to eat more meat as a means to invigorate the economy.
Beijing has been trying to control the commodity prices in China, especially coal and copper prices. The crisis in Ukraine and the pandemic had caused a shortage of resources which led to their prices skyrocketing. However pork has catapulted, this may only be the start of a lasting trend that is likely to occur for three to four years, and it may cause consumer inflation to exceed 3%.
In an attempt to avoid skyrocketing pork prices, the president of China's National Development and Reform Commission said the top economic planner is studying selling pork from state reserves.
Officials have extensive experience of trying to manage the pork market in recent years, after prices spiked to an all-time high in 2019. Prices spiked due to a nationwide outbreak of African swine fever, a fatal pig disease. Officials can try and manage herd numbers with farmers directly, encourage banks to lend to breeders, and release pork held in state reserves. However, they will be working against powerful forces as they try to tame the pork market.
The government's Covid Zero restrictions has had a major impact on the economy and is impacting households who are already struggling financially. The cost of pork, the largest food component in consumer price index, will have an amplified effect as it rises in price.
Pork prices have declined in the CPI index from a year ago. Without this, the CPI could increase by 2.4% instead of 2.1%.
Economists predict that, in the second half of the year, consumer prices could push above 3%. This makes it more difficult for the PBoC to continue easing monetary policy without risking inflation.
How the pig supply industry is being affected by fewer sows
As with any other ordinary commodity, the price of pork is determined by supply and demand. The central issue is that there are a lack of piglets because of the collapse in prices last year.
The number of pigs are on a decline, and with the 10 months it takes to grow them, China will start noticing the lack of meat soon. The reason for this is because of China's recent economic recovery as people no longer buy as much food due to taking shelter during the lockdowns.
The danger of higher meat prices in the pork industry
Feed is an important factor in the number of pigs that are raised, and it is currently a cause for concern. The ratio of hogs to corn prices is closely watched, as a lower number means farmers are unable to make a profit on each animal and will not be willing to raise more pigs.
A six-fold difference in corn and hog prices would make a hog breakeven point, but not low corn prices.
Pork prices on the rise, worsening inflation in China
The government has been trying to replenish stocks of frozen pork since markets started to recover and wholesale prices were higher than they were in March. But vendors are less interested in selling since the market is performing better, so the government has had trouble purchasing frozen pork.
This report provides an in-depth analysis of the pork 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 2030.
Product coverage:
- FCL 1035 - Pig meat
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
