Chinese pork imports at record level in Q2
Chinese pork imports showed an 8% increase in in the first half of 2015. Total pork volumes for the second quarter of 2015 were at record levels of 170,000 tonnes.
A reduced breeding herd, resulting in an ongoing fall in production, has contributed to strong import demand, which is likely to continue for the remainder of the year. The increase was largely due to higher volumes of frozen hams and shoulders, up 30% to 90,000 tonnes. The total value of Chinese pork imports in the first half of 2015 was up just 4% at RMB 3.6 billion (£376 million), as the average price fell back 4%.
The EU remains the largest supplier of pork to China, with volumes up by nearly a third, increasing its share of total imports to 73%, compared with 60% for the same period last year. The expansion was driven by German shipments, which doubled on the year. Supplies from Spain and Denmark also increased, while shipments from the UK were up 5% to 15,000 tonnes and volumes from Ireland were up 29% to 12,000 tonnes. Imports from the rest of the world declined, however.Shipments from both the US and Canada were down by about 30% as the falling price of pork from the EU, helped by a fall in the value of the euro, made it more competitive.
China’s pig offal imports were marginally down in the first half of 2015. Shipments from the EU were up 29% on the year, with volumes from the UK increasing 20% to 9,000 tonnes. Imports from outside the EU fell 36% on the year, with reduced shipments from the US and Canada.