2003's China and Global Pork Market Performance & Outlook for 2004

 

An eFeedLink Special Report     

 

Below is an abstract of the report: 2003's China and Global Pork Market Performance & Outlook for 2004

 

The full report is specially prepared for subscribed Individual or Corporate Members of eFeedLink's Information Website. The report is dispatched to Members by email. If you are not yet an eFeedLink's Information Website Member, click Here to register for a 2-week free trial.

 

 

China's Pork Market                                                                      

 

For the whole of 2003, China's import and export of pork products rose, with export surpassing import.      

Compared to 2002, China's prices of live hogs and pork were up in 2003, with higher rates of increase in pork prices being seen in pork-producing regions, compared to those in pork-consuming regions.  Overall, the rates of increase in prices of pork were lower than those of live hogs.

 

For the entire year of 2003, China's export of pork products (including fresh frozen pork, processed pork and entrails) totalled 306,900 tons, at a worth a total of USD 655 million, registering year-on-year increases of 28.84% and 17.23% respectively.

                 

On the other hand, China's import of pork products in 2003 amounted to 312,000 tons, at a worth of USD 197 million, registering year-on-year increases of 42.13% and 49.74% respectively. 

 

Global Pork Market  

 

The year 2003 saw a decline in global export of meat products, with prices heading towards an upward trend.  The increase in the volume of meat traded in the global market in 2003 was significantly lower than that of 2002.

 

World production of pork in 2003 amounted to 95.8 million tons, registering a year-on-year increase of 1.6%.  Of the total pork production, 60%, or 57.5 million tons, were produced by developing countries, while the remaining 40%, or 38.3 million tons, came from developed countries.                        

 

As a result of falling prices and production losses caused by inclement weather, Europe's pork production in 2003 showed a slight drop over that of 2002.  Production pork in the US, on the other hand, registered a slight increase of 2,000 ton, from 8.929 million tons in 2002 to 8.931 million tons in 2003.  Despite governmental measures to increase export, pork production continued to show a decline in Canada.              

 

More contents in this 6-page report include:                 

 

      1.  2003 Pork Production in China

•  Increase in Pork Production
  
  
• Higher Economic Returns Seen In Hog Production 

      2. China's Import & Export of Pork in 2003

• Growth in Import & Export of Pork
  
  
• Processed Pork: Increase in Export; Decrease in Import
  
  
• Live Hog: Marginal Drop in Export with Slight Increase in Export Value 

      3. China's Domestic Prices of Pork in 2003

• Rise in Prices of Live Hogs; Hog-Producing Regions Show Wider Margins of Price Increases
  
  
• Increase in Prices of Pork at Rates Lower than Those of Live Hogs in China 

      4. China's Pork Consumption in 2003  

 

      5. World Production & Pork Trade in 2003

 

      6. Outlook for China & Global Pork Market in First Half of 2004

• General Stability Expected for China's Domestic Prices of Pork
  
  
• Prices of Pork Expected to Continue Rising in the Global Market