Brazil is the exporter with the most potential to increase its share in total Chinese pork imports, says Rabobank in a new report on the Asian market.
According to the German bank, China should maintain its purchases of the product between 3 million and 3.5 million tons in the coming years, a higher volume than that recorded before the African Swine Fever (between 2 million and 3 million tons).
The report states that the origins of Chinese imports have changed significantly over the years, reflecting trade policies, cost competitiveness and increased production in some exporting countries.
With this, Spain became the main pork exporter to China, followed by Brazil, Denmark, the United States and Canada, in the first half of 2022.
Although the bank does not foresee major changes in the list of origins in the near future, Rabobank’s senior analyst, Chenjun Pan, says that Brazil is the country with the most potential to increase its share among exporters.