EU holds a large share of Chinese imports

Friday July 25, 2014/ BPEX/ United Kingdom.
http://www.bpex.org.uk/

29-Jul-2014 (11 years 11 months 23 days ago)

According to BPEX Pig Market Weekly, the Chinese pork import market strengthened in the first half of the year, with volumes up by 9% compared with the same period a year earlier. The latest figures showed pork imports at a record high for the first half of the year. A large proportion of the pork supplied to China was from the EU, holding almost 60% of the market, but shipments from the EU remained relatively stable compared with last year. However, this was a considerable rise in comparison to the volumes recorded in the first half of 2012.

The US remained the leading supplier of pork to China and trade strengthened by nearly 60%, despite the impact of PEDv, although it remained well below the levels recorded in the first half of 2012. Among EU suppliers, imports from Spain and Denmark rose by 41% and 9% respectively but there was lower availability (down 34%) from the Germans. By June, US shortages were starting to impact on trade, with volumes from there down by 14%, while EU shipments were up 5%, increasing its market share to 65%. While the UK accounts for a smaller market share, around 5%, the latest figures indicate progress, as China imported 43% more UK pork compared with 2013. The value of pork imported by China between January and June rose by 8% to RMB 3.4 billion (£335 million).