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2022

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12

In 2022, the Import Volume of Pork Products in China Will Be About 2.85 Million Tons

Source:

OIG+X

According to the customs’ data, the total import of pork products from Jan to Nov is 2.5587 million tons, a YoY decrease of 45.97%; the import amount was 5.96 billion dollars, a YoY decrease of 51.46%; the import unit price of pig products was 15.55 yuan/kg, down 10.16% YoY.

According to the customs’ data, the total import of pork products from Jan to Nov is 2.5587 million tons, a YoY decrease of 45.97%; the import amount was 5.96 billion dollars, a YoY decrease of 51.46%; the import unit price of pig products was 15.55 yuan/kg, down 10.16% YoY.

 

-The import volume of chilled and frozen pork increased MoM in Nov

In Nov, the total import of pork products was 278,900 tons, an increase of 16.38% MoM and a decrease of 11.17% YoY; the import amount was 722.95 million dollars, an increase of 18.38% MoM and 12.62% YoY; The import unit price of pig products was 18.37 yuan/kg, up 1.72% MoM and 26.77% YoY. In Nov, the import of chilled and frozen pork was 180,800 tons, an increase of 15.67% MoM and a decrease of 10.99% YoY; the import unit price was 17.50 yuan/kg, up 2.98% MoM and 20.70% YoY. In Nov, the import of pig by-products was 97,900 tons, an increase of 17.82% MoM and a decrease of 11.47% YoY.

 

-The price difference between imported pork and domestic pig carcass narrowed

In Nov, the pig price dropped sharply. At the beginning of the month, the pig price was around 26 yuan/kg. In the first half of the month, the price dropped more than 24 yuan/kg, and in the second half, it dropped more than 22 yuan/kg. The monthly average price of live pigs in Nov was 24.29 yuan/kg, down 9.64% MoM. In Nov, the import unit price of pork rose for six consecutive months, and the import unit price of cold fresh frozen pork was 17.50 yuan/kg, but the wholesale price of domestic pig carcass dropped to 32.37 yuan/kg, and the difference between the wholesale price of domestic pig carcass and the import unit price of cold fresh frozen pork narrowed to less than 15.00 yuan/kg.

 

It is estimated that the total import of pork, pig by-products and processed pork will be about 2.85 million tons in 2022, a YoY decrease of 43%; in 2023, the import volume of pork will be 2-2.5 million tons.