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04

2022

-

09

China's Monthly Bone-in Beef Import Volume Exceed 40,000 tons Again

Source:

Meat360; OIG+X

In July 2022, mainland China's beef imports from overseas broke a new high among which bone-in beef imports have also grown significantly to 41,000 tons total, exceeding 40,000 tons again as the second highest in history. The import value of bone-in beef in July was $152 million, with only $3.19 million left from the $155 million in December last year.

 

In July 2022, mainland China's beef imports from overseas broke a new high among which bone-in beef imports have also grown significantly to 41,000 tons total, exceeding 40,000 tons again as the second highest in history. The import value of bone-in beef in July was $152 million, with only $3.19 million left from the $155 million in December last year.

 

Mainland China imported 9,448 tons of bone-in beef from Argentina, with an import value of US$23.04 million, a month-on-month increase of 7%, and an average import price of US$2,439 per ton.

 

5,113 tons of bone-in beef were imported from New Zealand valuing US$20.43 million, a month-on-month increase of 23%, and the average import price was US$3,996/ton.

 

Bone-in beef imports from Australia, Belarus and the United States are all over 3,000 tons, all on the rise compared with the same period last year, with the average import prices of 3458 $/ton, 4720 $/ton and 7435 $/ton respectively.

 

13,400 tons of bone-in beef from Uruguay were exported to China in July 2022, not much different from 13,500 tons in June. The average import price was US$3,089/ton. China’s imports from other source countries were less than 2,000 tons with a total of 3,884 tons.

 

As of the end of July this year, mainland China has imported nearly 260,000 tons of bone-in beef, a year-on-year increase of 14%. The imports were 94,000 tons from Uruguay, 56,000 tons from Argentina, 31,000 tons from New Zealand, 19,600 tons from Australia, 19,000 tons from the United States, and 16,000 tons from Belarus.