Analysis for Pork Market in China

DOI

10.2991/aebmr.k.220603.161How to use a DOI?

Keywords

pork market in China; supply and demand; reaction; forecast

Abstract

This article focuses on the Chinese pork market from May 2019 to December 2021. 2019 saw a significant decline in pork production as a result of African swine fever, with pork production of 42.55 million tonnes, down 21.3% from the previous year. 2020-2021 will see a continuation of the tight supply trend in the domestic pork market due to the impact of the epidemic. However, driven by the market and policy, pig production continues to recover at an accelerated pace, with capacity rising rapidly and national pig production capacity recovering more effectively than expected. Focusing on the supply and demand side of the market, it provides insight into some of the internal and external reasons that are attempting to drive the Chinese pork market back to normal development. The paper further reveals that pig supply is sometimes abundant and sometimes scarce, that it is difficult to achieve a stable balance between pork supply and demand, and that both pig and pork prices are subject to significant cyclical fluctuations.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Mengwei Liu
PY  - 2022
DA  - 2022/07/01
TI  - Analysis for Pork Market in China
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 980
EP  - 984
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.161
DO  - 10.2991/aebmr.k.220603.161
ID  - Liu2022
ER  -