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18

2022

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09

China's Major Meat Import Quantity & Value in Aug

Source:

OIG+X

In Aug 2022, China imported a total of 658,000 tons of meat products including meat offal, valuing 3.13 billion US dollars, showing an increase of 15,000 tons and 54 million US dollars compared with last month.

 

In Aug 2022, China imported a total of 658,000 tons of meat products including meat offal, valuing 3.13 billion US dollars, showing an increase of 15,000 tons and 54 million US dollars compared with last month. It needs to mind that the data in the chart below is officially published by GACC and data on poultry meat doesn't cover chicken offal, chicken paws and frozen gizzards.

 

Among major meat categories, beef and beef offal still boasts a rapid year-on-year growth in both its import volume and value. It was imported 280,000 tons in Aug with a YoY increase of 41.9%. Its import prices even enjoyed a 73.7% skyrocket compared with the value last Aug.

 

China imported 230,000 tons of pork and pig offal in Aug, although higher than the data 210,000 tons in July, still displayed a declining trend compared with last year with drops of 41.3% and 45% in its import volume and price.

 

China's market should have embraced the peak stocking period when approaching the Sept. However, there still exist many uncertainties both domestically and internationally. Recently the market trend seems not optimistic facing poor transportation and weak consumer demand under the strict epidemic control measures. Also, the foreign exchange landscape has also changed, bringing more financial pressure to the traders.