China: Canned Food Market 2024

Canned Food Market Size in China

The Chinese canned food market amounted to $X in 2021, rising by 1.9% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.5% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Canned Food Production in China

In value terms, canned food production rose modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Canned Food Exports

Exports from China

In 2021, shipments abroad of canned food decreased by -4.6% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 5.9%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, canned food exports amounted to $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons), South Korea (X tons) and Hong Kong SAR (X tons) were the main destinations of canned food exports from China, with a combined 56% share of total exports. These countries were followed by the United States, Yemen, Malaysia, Vietnam, Russia, Germany, the Netherlands, Singapore, the Philippines and Spain, which together accounted for a further 27%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +97.8%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Hong Kong SAR ($X) and South Korea ($X) appeared to be the largest markets for canned food exported from China worldwide, with a combined 59% share of total exports. Malaysia, the United States, Vietnam, Russia, Germany, the Netherlands, Singapore, Spain, the Philippines and Yemen lagged somewhat behind, together comprising a further 26%.

Among the main countries of destination, Vietnam, with a CAGR of +102.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average canned food export price amounted to $X per ton, waning by -9.1% against the previous year. Over the last eight years, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 9.3%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into China

In 2021, supplies from abroad of canned food decreased by -16.2% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 117%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, canned food imports fell to $X in 2021. Overall, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 59%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), New Zealand (X tons) and Ireland (X tons) were the main suppliers of canned food imports to China, together comprising 55% of total imports. These countries were followed by France, Germany, Mongolia, Australia, Denmark, the Philippines, Thailand, Italy, South Korea and Singapore, which together accounted for a further 36%.

From 2012 to 2020, the biggest increases were recorded for Mongolia (with a CAGR of +192.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest canned food suppliers to China were the Netherlands ($X), New Zealand ($X) and Ireland ($X), with a combined 69% share of total imports. Germany, France, Australia, Denmark, South Korea, Mongolia, Singapore, Italy, Thailand and the Philippines lagged somewhat behind, together comprising a further 25%.

Mongolia, with a CAGR of +167.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average canned food import price amounted to $X per ton, increasing by 2.5% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2020: its price increased at an average annual rate of +4.9% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, canned food import price increased by +94.0% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 81%. Over the period under review, average import prices attained the maximum in 2020 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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