Overview of the Market for Frozen Pig Meat Other Than Cuts Or Carcases in China

In 2019, the Chinese market for frozen pig meat other than cuts or carcases was finally on the rise to reach $ after two years of decline. Overall, consumption recorded a remarkable increase. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Over the period under review, the market hit record highs at $ in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

In value terms, production of frozen pig meat other than cuts or carcases expanded sharply to $ in 2019 estimated in export prices. In general, production posted a remarkable increase. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. China production peaked at $ in 2016; however, from 2017 to 2019, production remained at a lower figure.

In 2019, the average yield of frozen pig meat other than cuts or carcases in China totaled kg per head, flattening at 2018. Overall, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the yield increased by % year-to-year. Over the period under review, the yield of frozen pig meat other than cuts or carcases hit record highs at kg per head in 2009; however, from 2010 to 2019, the yield remained at a lower figure.

In 2019, number of animals slaughtered for frozen pig meat other than cuts or carcases production in China rose slightly to heads, surging by % on the year before. This number increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2010 when the number of producing animals increased by % against the previous year. The global producing animals peaked at heads in 2014; however, from 2015 to 2019, the producing animals remained at a lower figure.

In 2019, consumption of frozen pig meat other than cuts or carcases increased by % to tonnes for the first time since 2014, thus ending a four-year declining trend. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. Over the period under review, consumption attained the maximum volume at tonnes in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

The revenue of the market for frozen pig meat other than cuts or carcases in China was estimated at $ in 2019, rising 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, consumption continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Driven by increasing demand for frozen pig meat other than cuts or carcases 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 2019 to , which is projected to bring the market volume to tonnes by the end of .

Over the period under review, imports of frozen pig meat other than cuts or carcases in China were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for frozen pig meat other than cuts or carcases.

China remains a net importer of frozen pig meat other than cuts or carcases; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, 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.