Frozen Pig Meat Market Overview in China

The revenue of the frozen pig meat market in China amounted to $9.1B in 2010, remaining constant 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, frozen pig meat consumption continues to indicate a slight setback. The most prominent rate of growth was recorded in 2008 with an increase of 2.3% year-to-year. In that year, the frozen pig meat market attained its peak level of $9.8B. From 2009 to 2010, the growth of the frozen pig meat market failed to regain its momentum.

In value terms, frozen pig meat production amounted to $10B in 2010 estimated in export prices. The total output value increased at an average annual rate of +4.9% over the period from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 when production volume increased by 17% y-o-y. In that year, frozen pig meat production attained its peak level of $10.5B, and then declined slightly in the following year.

Frozen pig meat consumption in China amounted to 3.3M tonnes in 2010, falling by -3.3% against the previous year. Over the period under review, frozen pig meat consumption continues to indicate a moderate deduction. The pace of growth was the most pronounced in 2008 when consumption volume decreased by -1.8% year-to-year. Frozen pig meat consumption peaked at 3.5M tonnes in 2007; however, from 2008 to 2010, consumption remained at a lower figure.

The revenue of the frozen pig meat market in China amounted to $9.1B in 2010, flattening at 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). Overall, frozen pig meat consumption continues to indicate a slight downturn. The growth pace was the most rapid in 2008 when the market value increased by 2.3% against the previous year. In that year, the frozen pig meat market reached its peak level of $9.8B. From 2009 to 2010, the growth of the frozen pig meat market failed to regain its momentum.

Driven by rising demand for frozen pig meat in China, the market is expected to start an upward consumption trend over the next fifteen-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the fifteen-year period from 2010 to , which is projected to bring the market volume to tonnes by the end of .

Over the period under review, the share of imports in terms of total frozen pig meat consumption in China was relatively small in physical terms, fluctuating under an 5.5% figure. In value terms the share of imports also stood at a low figure, which means that the China frozen pig meat market is largely supplied by domestic manufacturers.

China remains a net importer of frozen pig meat; in physical and value terms, imports consistently exceeded exports from 2007 to 2010. In 2010, there was a significant trade deficit of 100K tonnes, which was equal to $2.4M. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.