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

The Chinese market for frozen pig meat other than cuts or carcases amounted to $ in 2019, approximately equating 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, the total consumption indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of % y-o-y. Over the period under review, the market reached the maximum level in 2019 and is expected to retain growth in years to come.

In value terms, production of frozen pig meat other than cuts or carcases reduced modestly to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of % year-to-year. As a result, production reached the peak level of $, leveling off in the following year.

The average yield of frozen pig meat other than cuts or carcases in China amounted to kg per head in 2019, therefore, remained relatively stable against the previous year. In general, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the yield increased by % y-o-y. Over the period under review, the average yield of frozen pig meat other than cuts or carcases reached the peak level at kg per head in 2009; however, from 2010 to 2019, the yield failed to regain the momentum.

In 2019, the number of animals slaughtered for frozen pig meat other than cuts or carcases production in China reached heads, growing by % on the previous year. This number increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2010 when the number of producing animals increased by % y-o-y. The number of animals slaughtered for frozen pig meat other than cuts or carcases production peaked at heads in 2014; however, from 2015 to 2019, producing animals remained at a lower figure.

In 2019, after four years of decline, there was growth in consumption of frozen pig meat other than cuts or carcases, when its volume increased by % to tonnes. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the consumption volume increased by % against the previous year. Consumption peaked at tonnes in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

The value of the market for frozen pig meat other than cuts or carcases in China reached $ in 2019, therefore, remained relatively stable 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 strong expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the market value increased by % year-to-year. Consumption peaked in 2019 and is likely to see steady growth in the immediate term.

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.