China: Preserved Pork Market 2021

Preserved Pork Market Size in China

The Chinese preserved pork market reached $X in 2020, almost unchanged from the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Preserved pork consumption peaked in 2020 and is expected to retain growth in years to come.

Preserved Pork Production in China

In value terms, preserved pork production totaled $X in 2020 estimated in export prices. In general, the total production indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Preserved pork production peaked in 2020 and is likely to see gradual growth in the near future.

Preserved Pork Exports

Exports from China

In 2020, preserved pork exports from China declined notably to X tons, falling by -X% against the previous year. In general, exports showed a deep downturn. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. As a result, exports attained the peak of X tons. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, preserved pork exports contracted notably to $X in 2020. Over the period under review, exports showed a tangible expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for preserved pork exports from China, with a X% share of total exports. Moreover, preserved pork exports to Hong Kong SAR exceeded the volume sent to the second major destination, Thailand (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume to Hong Kong SAR totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-X% per year) and Macao SAR (-X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for preserved pork exports from China, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Hong Kong SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-X% per year) and Macao SAR (+X% per year).

Export Prices by Country

In 2020, the average preserved pork export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price posted a resilient increase. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2020, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Pork Imports

Imports into China

In 2020, overseas purchases of pig meat salted (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the second consecutive year after twelve years of growth. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, preserved pork imports surged to $X in 2020. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, Spain (X tons) constituted the largest supplier of preserved pork to China, with a X% share of total imports. Moreover, preserved pork imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Spain totaled +X%.

In value terms, Spain ($X) constituted the largest supplier of preserved pork to China, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Spain stood at +X%.

Import Prices by Country

In 2020, the average preserved pork import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum in 2020 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per ton), while the price for Italy stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain.

Source: IndexBox Platform

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