China and Hong Kong purchasing more pork imports
China's potential to affect the world pork market derives from the size and volatility of its domestic pork market. China accounts for nearly half of the world's pork production and consumption. Its annual pork output is four to five times that of the United States and more than double that of the European Union. According to official Chinese statistics, China slaughters over 600 million hogs annually-one hog for every 2.2 domestic consumers. China and Hong Kong pork imports surged in 2007 when a shortfall in Chinese pork production led to record Chinese pork prices. That year, Hong Kong-China pork imports nearly doubled to just over 1 million metric tons (mmt), then rose to over 1.9 mmt in 2008. This chart comes from the ERS report, China's Volatile Pork Industry, LDPM-21101, February 2012.
Download larger size chart (500 pixels by 424, 96 dpi)