China: Canned Meat Market 2024

Canned Meat Market Size in China

In 2022, the Chinese canned meat market decreased by X% to $X, falling for the second consecutive year after nine years of growth. Over the period under review, consumption, however, saw a resilient expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Canned Meat Production in China

In value terms, canned meat production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Canned meat production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Canned Meat Exports

Exports from China

In 2022, overseas shipments of canned meat increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, canned meat exports rose sharply to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for canned meat exports from China, with a X% share of total exports. Moreover, canned meat exports to Japan exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the Netherlands (X% per year).

In value terms, Japan ($X) remains the key foreign market for canned meat exports from China, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average canned meat export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into China

In 2022, the amount of canned meat imported into China dropped remarkably to X tons, declining by X% on the previous year. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, canned meat imports shrank notably to $X in 2022. In general, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Mongolia (X tons) constituted the largest canned meat supplier to China, with a X% share of total imports. Moreover, canned meat imports from Mongolia exceeded the figures recorded by the second-largest supplier, Denmark (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mongolia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and the United States (X% per year).

In value terms, Mongolia ($X) constituted the largest supplier of canned meat to China, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Mongolia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and the United States (X% per year).

Import Prices by Country

The average canned meat import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, showed a abrupt descent. The growth pace was the most rapid in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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