China: Market for Meat Preparations of Poultry 2024

Market Size for Meat Preparations of Poultry in China

The Chinese meat preparations of poultry market fell modestly to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Meat preparations of poultry consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Meat Preparations of Poultry in China

In value terms, meat preparations of poultry production reduced slightly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Meat Preparations of Poultry

Exports from China

In 2022, shipments abroad of meat preparations of poultry increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, meat preparations of poultry exports soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms 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 UK (X% per year).

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

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

Export Prices by Country

The average meat preparations of poultry export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, saw a mild reduction. 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 attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Philippines ($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 the Philippines (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Meat Preparations of Poultry

Imports into China

In 2022, overseas purchases of meat preparations of poultry increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, meat preparations of poultry imports soared to $X in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest meat preparations of poultry supplier to China, with a X% share of total imports. Moreover, meat preparations of poultry imports from South Korea exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

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

In value terms, South Korea ($X) constituted the largest supplier of meat preparations of poultry to China, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average meat preparations of poultry import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for South Korea ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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