Swine manufacturing: In 2024, China is anticipated to supply 695 million head with a year-on-year decline of three% because of a decrease sow stock in 2023 in comparison to 2022. Herd liquidation because of low swine and red meat costs and lingering animal illnesses in 2023 are the 2 primary causes for the decrease sow stock.
Reside swine imports in 2024 are forecasted to be 7,000 head according to higher-than-expected imports in 2023 regardless of tricky monetary prerequisites for swine manufacturers. Imports must nonetheless decline in 2024 from 2023 as monetary difficulties and coffee costs proceed to weigh on manufacturers. The primary providers of are living swine to China are america, Denmark, and France.
Reside swine exports in 2024 are anticipated to be 1.14 million head, with a marginal expansion in exports to Hong Kong. Hong Kong and Macao will stay the highest locations for China’s are living swine exports.
Red meat manufacturing is forecast to say no 3% in 2024 from fewer slaughters and decrease stock and slaughter weight of fattened swine.
Red meat intake in 2024 is anticipated to succeed in 57.8 MMT, with a decline of three% year-on-year,
basically because of gradual financial task. Even if red meat is a staple meat in China, call for for red meat merchandise has reduced because the economic system continues dealing with demanding situations in 2024.
Red meat imports in 2024 are anticipated to develop marginally at 1.95 MMT as imports offset the decline in home red meat manufacturing. Top year-end inventories carried over into 2024 will suppress imports till buyers diminish their provides. China’s primary red meat providers are Spain, Brazil, Denmark, the Netherlands, Canada, and america.
Red meat exports are anticipated to look a marginal build up in 2024 at 100 thousand MT. Hong Kong and Japan are the 2 primary export locations for red meat merchandise.
March 8, 2024/ USDA/ United States.
https://apps.fas.usda.gov