CHINA - Following impressive growth rates in Chinese beef imports over the past three years, Business Monitor International (BMI) forecasts official 2015 volumes to increase 12 per cent compared with 2014 levels.
Meat and Livestock Australia says that the shortage of beef in China is believed to be structural, and to remain at least until 2018.
For this reason demand for imported beef will continue to be strong.
China’s livestock industry is expected to continue its structural changes over the coming years, as industrialisation – particularly in the pork and beef sectors –moves towards more professional farming.
The poultry sector, which is already more standardised, will see lower growth rates. Structural changes in China’s cattle industry, which is not simultaneous among sub-sectors, amid China’s growing appetite for meat, will see short to medium term demand for imported beef remain high.
Meat consumption patterns in China are changing, not only in terms of quantity but also in terms of the type of meat.
Pork, which has always been the favourite meat in China, over the long-term, is losing its share to poultry and beef.
Processed meats, such as ham, bacon and sausages, are serving as a replacement in traditional home cooked dishes due to a demand for a more convenient lifestyle.
TheMeatSite News Desk