Fresh Pork Cut Price in China - 2023

Contents:

1. Fresh Pork Cut Price in China (CIF) - 2021
2. Fresh Pork Cut Imports in China

Fresh Pork Cut Price in China (CIF) - 2021

The average fresh pork cut import price stood at $3,850 per ton in September 2021, therefore, remained relatively stable against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2020 when the average import price increased by 5.1% month-to-month. Over the period under review, average import prices hit record highs in September 2021.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From September 2020 to September 2021, the rate of growth in terms of prices for Canada amounted to +0.7% per month.

Fresh Pork Cut Imports in China

In 2022, overseas purchases of fresh or chilled hams, shoulders and cuts of pig meat were finally on the rise to reach 170 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a dramatic shrinkage. Imports peaked at 908 tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fresh pork cut imports surged to $621K in 2022. Over the period under review, imports, however, recorded a significant contraction. Imports peaked at $1.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Fresh or Chilled Hams, Shoulders and Cuts of Pig Meat to China in 2022:

1. Netherlands (69.2 tons)
2. United Kingdom (15.6 tons)
3. Spain (5.9 tons)
4. United States (0.4 tons)

Source: IndexBox Market Intelligence Platform