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China’s pork market attracts foreign producers

Date: 2020-09-27 15:19:14     

China’s pork market gap has also helped attract foreign producers to the world's largest market. The 2020 China International Meat Industry Exhibition (CIMIE 2020) took place in mid-September ( Sept. 10-12). The event, in Qingdao, a coastal city in east China's Shandong Province, attracted more than 1,000 companies from home and abroad.

"Thousands of meat products from abroad are free to taste here. As a 'foodie,' it's almost party time for me," said Wang Kaiwen, a Qingdao resident who attended the exhibition.

Mireille Bossy, deputy counselor for agricultural affairs of the French Embassy in China, also took part in the event. "The meat trade cooperation between China and France has great potential," she said. "This exhibition provides an opportunity for French companies to design meat products that satisfy the taste preferences of Chinese consumers."

Europe is the world's second-largest pork production region as well as the second-largest pork exporter. In 2019, pig slaughtering there reached 24 million tonnes, of which 4.49 million tonnes were for export. China's share accounted for 52 percent of the overall exports.

"Last year, China became Ireland's largest market for primal pork, setting a record of 90,000 tonnes of pork trade," said Conor O'Sullivan, the China manager of Bord Bia, the Irish Food Board. "Given the market opportunities and commercial priority for European and Irish exporters, approximately 80 percent of a large campaign aiming to facilitate the supplies of premium European pork and poultry campaign funds will be focused on the Chinese market."

China, with a population of 1.4 billion, is the world's largest pork producer and consumer, where pork accounts for 62.7 percent of residents' meat consumption.

To meet the demand, Chinese authorities have also issued export licenses for a number of U.S. meat companies. The trade-friendly measures have boosted the confidence of American farmers to keep investing in the meat industry.

According to the U.S. Meat Export Federation, the Chinese mainland and Hong Kong accounted for 39 percent of U.S. pork exports from January to June this year.