China: Meat And Poultry Market 2024

Meat And Poultry Market Size in China

The Chinese meat and poultry market declined slightly to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Meat And Poultry Production in China

In value terms, meat and poultry production rose remarkably to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible 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 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Meat and poultry production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of meat and poultry in China dropped to X kg per head, waning by X% on 2021. Over the period under review, the yield continues to indicate a slight descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The meat and poultry yield peaked at X kg per head in 2014; however, from 2015 to 2022, the yield failed to regain momentum.

The number of animals slaughtered for meat and poultry production in China contracted to X heads in 2022, flattening at the year before. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the number of producing animals increased by X%. Over the period under review, this number reached the maximum level at X heads in 2021, and then reduced in the following year.

Meat And Poultry Exports

Exports from China

In 2022, shipments abroad of meat and poultry increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, exports saw a relatively flat trend pattern. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat and poultry exports expanded rapidly 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 reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Mongolia (X tons) and Cambodia (X tons) were the main destinations of meat and poultry exports from China, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat and poultry exported from China were Malaysia ($X), Mongolia ($X) and Cambodia ($X), with a combined X% share of total exports.

Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Cambodia ($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 Macao SAR (X%), while the prices for the other major destinations experienced a decline.

Meat And Poultry Imports

Imports into China

In 2022, overseas purchases of meat and poultry decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, meat and poultry imports shrank to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced slightly in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest meat and poultry supplier to China, with a X% share of total imports. Moreover, meat and poultry imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Argentina (X tons), with a X% share.

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

In value terms, Brazil ($X) constituted the largest supplier of meat and poultry to China, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Argentina, with an X% share.

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

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price 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, meat and poultry import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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