Report predicts 12% growth in China beef imports in - leatherbiz: Lea Leatherbiz

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Report predicts 12% growth in China beef imports in 2015

10/03/2015
Analysts from Business Monitor International (BMI) have forecast that China will import 12% more beef in 2015 than it did last year when it brought 295,000 tonnes into the country.

Demand is strong among Chinese consumers and, according to BMI, the shortage of domestic supply of beef is “structural” and domestic producers will remain unable to supply the volume of beef China needs until at least 2018.

At present, only six countries are permitted to export beef to China with varied levels of access: Australia, Uruguay, New Zealand, Argentina, Canada and Costa Rica. Australia was the largest official external supplier to China in 2014, with 45% market share, ahead of Uruguay, which had a 30% share, and New Zealand with 14%. The other three countries shipping beef to China at the moment are Argentina, Costa Rica and Canada.

Three of these six countries, Australia, New Zealand and Costa Rica, have free trade agreements in place with China.

In February 2015, the Irish government announced that it had won approval to start shipping beef to China too.


Related stories:

Australia blocks sales of largest cattle farm to Chinese 19/11/2015
US beef industry moves on from shipping ‘crisis’ 13/04/2015
US beef counts the cost of port impasse 11/03/2015

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