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China 2021 meat imports fall 5.4per cent, surge in domestic pork supply weighs

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China 2021 meat imports fall 5.4per cent, surge in domestic pork supply weighs





China's imports of meat fell 5.4per cent in 2021 from the year before, customs data showed on Friday, as a surge in domestic supply of pork cut demand for overseas supplies.

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More than half the meat imported by China is pork, the nation's favourite protein, while about a quarter is beef.

China brought in 9.38 million tonnes of meat last year, said the General Administration of Customs, down from 9.91 million in 2020.

Producers have boosted pork output in recent years after output was devastated by an epidemic of African swine fever in 2018 and 2019.

But the surge in supply comes amid weak demand for pork, as fewer people dine out because of a series of COVID-19 outbreaks.

Domestic pork prices fell for most of last year and are down 14per cent in 2022, pressuring the price of exported meat too.

"Last year was tough because of the lower prices and logistics," said a leading exporter of pork and poultry to China who sought anonymity.

Though the overall value of meat imports was up 4.6per cent, at $32 billion, that was bolstered by beef, he added, global supply of which is tight, while pork prices have dropped, in turn pressuring chicken prices.

Weak demand and lower prices have sharply pushed down meat arrivals in recent months, while a ban on Brazilian beef from Sept. 3 until mid-Dec. reduced supply from China's top supplier of the commodity.

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