Report China - Pork (Meat of Swine) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Nov 1, 2023

China - Pork (Meat of Swine) - Market Analysis, Forecast, Size, Trends and Insights

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China: Pork Market 2023

Pork Market Size in China

The Chinese pork market reduced modestly to $X in 2022, which is down by -2.7% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Pork consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pork Production in China

In value terms, pork production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 -8.7% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 121%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of pork in China totaled X kg per head in 2022, approximately mirroring 2021. The yield figure increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the yield increased by 14%. As a result, the yield reached the peak level of X kg per head. From 2021 to 2022, the growth of the average pork yield remained at a lower figure.

In 2022, number of animals slaughtered for pork production in China shrank to X heads, falling by -11.7% compared with 2021. Overall, the number of producing animals saw a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. The number of animals slaughtered for pork production peaked at X heads in 2014; however, from 2015 to 2022, producing animals remained at a lower figure.

Pork Exports

Exports from China

In 2022, shipments abroad of pork increased by 52% to X tons, rising for the second year in a row after six years of decline. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 67%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pork exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Mongolia (X tons) was the main destination for pork exports from China, accounting for a 0.2% share of total exports. Moreover, pork exports to Mongolia exceeded the volume sent to the second major destination, Thailand (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Mongolia amounted to -21.9%.

From 2012 to 2022, the average annual growth rate of value to Mongolia stood at -26.6%.

Export Prices by Country

The average pork export price stood at $X per ton in 2022, declining by -18% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pork export price decreased by -34.0% against 2020 indices. The growth pace was the most rapid in 2020 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Mongolia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Pork Imports

Imports into China

In 2022, purchases abroad of pork decreased by -51.1% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 113%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pork imports shrank rapidly to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 161%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), Brazil (X tons) and Denmark (X tons) were the main suppliers of pork imports to China, together comprising 62% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +63.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Brazil ($X) and Denmark ($X) appeared to be the largest pork suppliers to China, with a combined 65% share of total imports.

Brazil, with a CAGR of +62.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pork import price stood at $X per ton in 2022, reducing by -20.3% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of 29%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced rapidly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Brazil ($X per ton), while the price for the United States ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for pork in the world?
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China constituted the country with the largest volume of pork consumption, comprising approx. 43% of total volume. Moreover, pork consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. The third position in this ranking was held by Germany, with a 3.8% share.
What are the largest producers of pork in the world?
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China remains the largest pork producing country worldwide, comprising approx. 41% of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was taken by Spain, with a 4.5% share.
What are the leading suppliers of pork to China?
+
In value terms, the largest pork suppliers to China were Spain, Brazil and Denmark, with a combined 65% share of total imports.
What is the average export price for pork in China?
+
In 2022, the average pork export price amounted to $5,537 per ton, dropping by -18% against the previous year.
What is the average import price for pork in China?
+
In 2022, the average pork import price amounted to $2,204 per ton, dropping by -20.3% against the previous year.

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2022
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2022
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES
    1. Key Findings In 2022
    2. Market Volume, In Physical Terms, 2012–2022
    3. Market Value, 2012–2022
    4. Per Capita Consumption In 2012-2022
    5. Imports, In Physical Terms, By Country, 2012–2022
    6. Imports, In Value Terms, By Country, 2012–2022
    7. Import Prices, By Country Of Origin, 2012–2022
    8. Exports, In Physical Terms, By Country, 2012–2022
    9. Exports, In Value Terms, By Country, 2012–2022
    10. Export Prices, By Country Of Destination, 2012–2022
  12. LIST OF FIGURES
    1. Market Volume, In Physical Terms, 2012–2022
    2. Market Value, 2012–2022
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
    5. Trade Balance, In Physical Terms, 2012-2022
    6. Trade Balance, In Value Terms, 2012-2022
    7. Per Capita Consumption, 2012-2022
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2022
    23. Production, In Value Terms, 2012–2022
    24. Producing Animals Slaughtered, 2012–2022
    25. Yield, 2012–2022
    26. Imports, In Physical Terms, 2012–2022
    27. Imports, In Value Terms, 2012–2022
    28. Imports, In Physical Terms, By Country, 2022
    29. Imports, In Physical Terms, By Country, 2012–2022
    30. Imports, In Value Terms, By Country, 2012–2022
    31. Import Prices, By Country Of Origin, 2012–2022
    32. Exports, In Physical Terms, 2012–2022
    33. Exports, In Value Terms, 2012–2022
    34. Exports, In Physical Terms, By Country, 2022
    35. Exports, In Physical Terms, By Country, 2012–2022
    36. Exports, In Value Terms, By Country, 2012–2022
    37. Export Prices, By Country Of Destination, 2012–2022

Free Data: Pork (Meat Of Swine) - China