Pork import demand in the Chinese market will continue to increase next year

Pork demand in the Chinese market will show an upward turning point next year, and demand for pork imports will continue to increase#china #import #export #foreigntrade #chocolate

According to the analysis of the current domestic pig breeding trends, China's pork production is expected to drop by 14% in 2022. Next year, the domestic market's demand for pork and related products will reach 5.1 million tons. Chinese consumers' demand for pork may exceed domestic production.

According to the analysis of the current domestic pig breeding trends, China's pork production is expected to drop by 14% in 2022. Next year, the domestic market's demand for pork and related products will reach 5.1 million tons. Chinese consumers' demand for pork may exceed domestic production.

The above are the conclusions reached by the US Department of Agriculture in the relevant report released on China last week. However, according to StoneX Group, the expected decline in production will not lead to a reduction in the demand for feed from the Chinese pork farming industry.

The U.S. Department of Agriculture predicts that China’s total domestic hog and pork production will fall again next year, and the hog production in 2022 is expected to fall by 5%. As the number of live pigs entering the market decreases, pork production is expected to decline accordingly.

As China recovers from the effects of African Swine Fever (ASF), Arlan Suderman of StoneX Group stated that China has reduced food waste as a source of feed. This means that although the total pig inventory has decreased, the demand for soybean meal in China's pig breeding industry may continue to rise.

Sandman said: "Currently, the number of domestic pigs in China will be 20% lower than before the outbreak of African Swine Fever. However, due to the reduction in the use of catering waste, the demand for soybean meal in the Chinese pig industry has reached the level before the outbreak of African Swine Fever. s level."

Sandman added: "China's breeding herd has been rebuilt, but this will not reduce soybean meal or corn as a source of feed. We see more protein demand and demand for soybean meal, as well as demand for corn." “China’s goal is 95% of its corn self-sufficiency, which is closer to 85% at present. This means that corn imports will increase substantially in the next few years, but China will not only import from the United States. Ukraine and Brazil are also important for China in the future. The country of origin of corn imports."

A report from the US Department of Agriculture shows that China's beef production has grown slowly. The report shows that imports of cattle will remain at 350,000. China's beef imports are expected to continue to grow, but the growth rate will slow down, and the total import volume is likely to reach 3.3 million tons.

As food importer & food distributor based in Frankfurt and Shanghai, Sinoloben Europa Trading GmbH helps client export to China and bring your food products to International Expo, e.g. China International Import Expo (CIIE), the world's largest import-themed expo.

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