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20

2023

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01

The Chinese Mainland Meat Imports in Dec Broke the Peak in 2022

Source:

GACC

In Dec 2022, China's imported meat (including offal) was 703,000 tons, the import volume continued to maintain strong momentum and again exceeded the peak in 2022, with a MoM increase of 37,000 tons and a YoY increase of 0.1%; from Jan to Dec, China's meat (including offal) imports totaled 7.4 million tons, down 21% YoY.

 

In Dec 2022, China's imported meat (including offal) was 703,000 tons, the import volume continued to maintain strong momentum and again exceeded the peak in 2022, with a MoM increase of 37,000 tons and a YoY increase of 0.1%; from Jan to Dec, China's meat (including offal) imports totaled 7.4 million tons, down 21% YoY.

 

On the whole, the monthly total meat imports from Jan to Nov 2022 have a certain gap compared with the same period in 2021. However, with the gradual recovery of pork imports in the second half of 2022 and the continued strong import of beef imports, the YoY difference decreases and finally turns into a positive difference in Dec. The total meat imports in Dec increased by 49,000 tons YoY, up 7.5%.

 

Although meat imports volume continued to increase, meat imports value fell slightly in Dec, down nearly 60 million US dollars from Nov to 2.85 billion US dollars. The overall average import price of meat continued its downward trend since Sept, reaching 4,051 US dollars/ton, but still increased by about 200 US dollars compared with the same period in 2021.

 

In terms of the overall level of meat import in the Chinese mainland in 2022, although the beef import volume continued to be high in 2022 and the pork import volume rose gradually, the overall pork import volume was still at a low level compared with 2021, which also reduced the total meat import volume to a certain extent.

 

In 2022, the Chinese Mainland imported 7.4 million tons of meat, a YoY decrease of 1.97 million tons (21%), and the import volume also decreased by 420 million dollars to 31.74 billion dollars, a YoY decrease of 1.3%. Although both import volume and import value decreased, the overall average import price of meat in 2022 increased by more than 800 dollars/ton to 4,286 dollars/ton from 3,429 dollars/ton of the previous year.