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

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Oct 19, 2024

Projected Pork Market Trends in China Through 2030

The pork industry in China stands as one of the most critical components of the nation's agricultural landscape, playing a crucial role in dietary consumption as well as economic activity. As we look towards 2030, understanding the consumption trends and forecasting the market for pork in China is essential for stakeholders across the supply chain. Utilizing comprehensive data from the IndexBox market intelligence platform, we can draw insights regarding past consumption patterns and use them to predict future trends.

Historical Consumption Trends

Analyzing the data over the past decade shows several significant consumption patterns. According to IndexBox, China's pork consumption was steadily increasing from 2007, reaching 57.192 million tons by 2014. Post-2014, consumption depicted some variability, demonstrating an interesting pattern that provides insights into demand elasticity and market drivers.

From the data spanning 2007-2023, several notable fluctuations are observed. In 2007, the consumption was recorded at 42.83 million tons. By 2014, that figure had seen a marked increase, peaking at 57.192 million tons, indicating a robust demand for pork as an integral part of Chinese diets and culinary culture. However, the market experienced a dip in consumption in 2020, reflecting a significant decrease to 45.426 million tons from 56.521 million tons in 2019. This decline correlates with the impact of the African swine fever outbreak and its repercussions on the pork supply chain.

Despite this downturn, subsequent years showcased a recovery trend. The year 2021 saw consumption rebounding to 56.521 million tons, and although there was a slight decline in 2022 to 57.142 million tons, it demonstrated resilience and adaptability in the face of adversities. In 2023, the consumption was slightly reduced again to 55.711 million tons, reflecting stabilization post-recovery.

Factors Influencing Market Trends

Several critical factors influence the pork consumption patterns in China:

1. Population Dynamics and Urbanization

China's population dynamics, including its aging demographics and increasing urbanization rates, are fundamental drivers of food consumption patterns. Urbanization often correlates with increased income levels and changes in dietary preferences, including heightened pork consumption. As more individuals migrate to urban areas, the demand for easy-to-prepare foods, including pork, may continue to increase.

2. Economic Factors and Policy Changes

Economic stability and policies impacting the agriculture sector also play vital roles. Government interventions and policy reforms aimed at stabilizing the pork market provide incentives for both producers and consumers. An economic upturn further enhances consumers' purchasing power, likely bolstering pork consumption.

3. Disease Outbreaks and Health Concerns

The impact of disease outbreaks, notably the African swine fever, highlighted vulnerabilities within the pork supply chain. Consequently, the market experienced interruptions that influenced both supply and demand. Although enterprise-level improvements and technological advancements in the industry are projected to mitigate these risks, historical data shows significant disruptions can occur, affecting overall consumption.

Market Forecast for 2030

Based on historical data trends and current market dynamics, several projections can be made regarding pork consumption in China through 2030:

1. Expected Recovery and Stability

Following the initial recovery post-2020, it is anticipated that pork consumption will stabilize in the short term. This stability is likely underlined by concerted efforts toward enhancing disease control mechanisms and improving pig farming practices. Assuming minimal disruptions from diseases like African swine fever, the yearly production could consistently hover around the 56-58 million tons mark.

2. Continued Growth Driven by Urbanization

Provided urbanization trends continue with increasing disposable income, pork consumption is anticipated to exhibit mild upward growth. By 2030, consumption might be driven beyond current figures, potentially reaching and possibly exceeding the previous peaks observed in 2014 and 2022, depending on external factors such as economic growth and international trade policies.

3. Adoption of Advanced Farming Techniques

Technology adoption in agriculture, especially concerning biosecurity and farming efficiencies, could propel the pork market further by ensuring a steady supply that meets the growing demand. Innovations in feed, animal health, and environmental management practices will likely contribute to a more resilient and sustainable pork supply chain.

Conclusion

Looking towards 2030, China's pork market depicts a picture of cautious optimism. While historical challenges such as disease outbreaks have posed significant threats to market stability, the resilience shown by recovery patterns in recent years suggests a bright outlook. Stakeholders should focus on innovations that enhance supply chain efficiencies, address consumer health concerns, and capitalize on shifting dietary preferences driven by urbanization and economic growth. By leveraging insights from platforms like IndexBox, the industry can make informed decisions to navigate future uncertainties and drive market growth.

Source: IndexBox Market Intelligence Platform

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
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  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

    This Chapter is Available Only for the Professional Edition PRO
    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

    This Chapter is Available Only for the Professional Edition PRO
    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

    This Chapter is Available Only for the Professional Edition PRO
    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 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    23. Production, In Value Terms, 2012–2024
    24. Producing Animals Slaughtered, 2012–2024
    25. Yield, 2012–2024
    26. Imports, In Physical Terms, 2012–2024
    27. Imports, In Value Terms, 2012–2024
    28. Imports, In Physical Terms, By Country, 2024
    29. Imports, In Physical Terms, By Country, 2012–2024
    30. Imports, In Value Terms, By Country, 2012–2024
    31. Import Prices, By Country Of Origin, 2012–2024
    32. Exports, In Physical Terms, 2012–2024
    33. Exports, In Value Terms, 2012–2024
    34. Exports, In Physical Terms, By Country, 2024
    35. Exports, In Physical Terms, By Country, 2012–2024
    36. Exports, In Value Terms, By Country, 2012–2024
    37. Export Prices, By Country Of Destination, 2012–2024

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