Frozen Pig Meat Market Overview in China
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.
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.