China’s meat imports declined 3.3% in May 2021
China's meat imports decreased 3.3% in May 2021, compared to the same month last year.
China’s meat imports decreased 3.3% in May 2021, compared to the same month last year.
In China, during May 2021, meat import decreased 3.3% compared to the same month in 2020. This drop-in meat import was reported by that country’s customs.
Currently, in the Chinese market, pork prices have decreased. This situation has caused China to reduce meat imports. Chinese consumers are opting to consume domestic pork due to the current low prices.
According to the General Administration of Customs of China, 922,000 tons of meat were imported in May. This means a 3.3% reduction in meat imports compared to the previous year. In addition, they mention that imports of meat products for May have presented their lowest amount since November 2020.
At the end of 2020, economic analysts predicted that meat imports into China would increase considerably by 2021. This prediction is materializing for beef and chicken. In fact, in the first five months of 2021, China showed a 12.6% increase in beef meat imports compared to the same period last year. However, pork has not had the same performance in the Chinese market.
The recovery of pork in China
Pork production in China continues to be affected by African Swine Fever. This viral disease has presented several outbreaks in China since 2018. This sanitary problem has generated that pork imports to China have increased in recent months. Even other types of meat, such as chicken and beef, have also increased.
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However, pig farming in China has multiplied its efforts to recover in the market. Therefore, in 2021 its production has been recovering thanks to multiple efforts between the government and pig farms.
The recovery of pork production in China in recent months has caused a decrease in the price of this product. Today, a kilogram of pork is at USD 3.44 (22 yuan). On the other hand, pork imports have also affected the lower price of the product, especially since the end of 2020.
Therefore, these factors have led to a decrease in the price of pork in China. This reduction increases domestic consumption of the product and, at the same time, leads to a decrease in meat imports.