Meat And Poultry Market in China
Market Overview
The Chinese meat and poultry market contracted to $
in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated resilient growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Over the period under review, the market hit record highs at $ in , and then shrank in the following year.
In value terms, meat and poultry production fell to $ in estimated in export price. In general, the total production indicated a strong increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2019 indices. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in , and then dropped in the following year.
In, the average yield of meat and poultry in China reduced modestly to kg per heads, which is down by -% against figures. Overall, the yield recorded a mild setback. The pace of growth was the most pronounced in with an increase of %. Over the period under review, the average meat and poultry yield hit record highs at kg per heads in 2014; however, from 2015 to , the yield stood at a somewhat lower figure.
In, number of animals slaughtered for meat and poultry production in China expanded slightly to heads, with an increase of % against the year before. This number increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2012 when the number of producing animals increased by %. The number of animals slaughtered for meat and poultry production peaked at heads in 2019; however, from to , producing animals failed to regain momentum.
in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated resilient growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Over the period under review, the market hit record highs at $ in , and then shrank in the following year.In value terms, meat and poultry production fell to $
in estimated in export price. In general, the total production indicated a strong increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2019 indices. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in , and then dropped in the following year.In
, the average yield of meat and poultry in China reduced modestly to kg per heads, which is down by -% against figures. Overall, the yield recorded a mild setback. The pace of growth was the most pronounced in with an increase of %. Over the period under review, the average meat and poultry yield hit record highs at kg per heads in 2014; however, from 2015 to , the yield stood at a somewhat lower figure.In
, number of animals slaughtered for meat and poultry production in China expanded slightly to heads, with an increase of % against the year before. This number increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2012 when the number of producing animals increased by %. The number of animals slaughtered for meat and poultry production peaked at heads in 2019; however, from to , producing animals failed to regain momentum.Consumption
In , meat and poultry consumption in China dropped to tonnes, almost unchanged from the previous year. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, consumption hit record highs at tonnes in 2018; however, from 2019 to , consumption remained at a lower figure.
The size of the meat and poultry market in China declined to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Meat and poultry consumption peaked at $ in , and then shrank in the following year.
, meat and poultry consumption in China dropped to tonnes, almost unchanged from the previous year. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, consumption hit record highs at tonnes in 2018; however, from 2019 to , consumption remained at a lower figure.The size of the meat and poultry market in China declined to $
in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Meat and poultry consumption peaked at $ in , and then shrank in the following year.Consumption by Type
Pork ( tonnes) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, pork exceeded the figures recorded for the second-largest type, chicken meat ( tonnes), threefold. Beef (cattle meat) ( tonnes) ranked third in terms of total consumption with an % share.
From 2007 to, the average annual growth rate of the volume of consumption of pork was relatively modest. With regard to the other consumed products, the following average annual rates of growth were recorded: chicken meat (+% per year) and beef (cattle meat) (+% per year).
In value terms, pork ($) led the market, alone. The second position in the ranking was occupied by beef (cattle meat) ($). It was followed by chicken meat.
From 2007 to, the average annual growth rate of the market volume of pork totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: beef (cattle meat) (+% per year) and chicken meat (+% per year).
tonnes) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, pork exceeded the figures recorded for the second-largest type, chicken meat ( tonnes), threefold. Beef (cattle meat) ( tonnes) ranked third in terms of total consumption with an % share.From 2007 to
, the average annual growth rate of the volume of consumption of pork was relatively modest. With regard to the other consumed products, the following average annual rates of growth were recorded: chicken meat (+% per year) and beef (cattle meat) (+% per year).In value terms, pork ($
) led the market, alone. The second position in the ranking was occupied by beef (cattle meat) ($). It was followed by chicken meat.From 2007 to
, the average annual growth rate of the market volume of pork totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: beef (cattle meat) (+% per year) and chicken meat (+% per year).Market Forecast
Driven by increasing demand for meat and poultry in China, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, the share of imports in terms of total meat and poultry consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China meat and poultry market is largely supplied by domestic manufacturers.
% figure. In value terms the share of imports also stood at a low figure, which means that the China meat and poultry market is largely supplied by domestic manufacturers.Trade Balance
China remains a net importer of meat and poultry; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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