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China Import Data: Fresh Beef Statistics and Trends for October 2022

Faxcarne | In October, 224 thousand tons of fresh beef entered China, 30 thousand tons less than in the same month of the previous year (-12%) and 21 thousand tons below the previous month, according to GACC data.

In addition, it is the third consecutive decrease in monthly volume from the historical peak of 295 thousand tons imported in July.

At the same time, the average import value continues to fall. In October it averaged US$ 4,764 per ton, with an average value for frozen boneless of US$ 5,034 per ton, which indicates a monthly decrease of 2.1% and US$ 2,600 compared to US$ 7,633 in July 2022 (-34%) in just 15 months.

Almost 99 thousand tons arrived from Brazil (44% of the total), followed by Argentina (41 thousand tons), Uruguay (22 thousand) and Australia (21 thousand).

In the accumulated of the first 10 months of the year, China imported 2.26 million tons at an average value of US$ 5,257 tons, with an annual increase of 3% in volume and a decrease of 22% in the average value.

2023-11-29 07:03:04
#consecutive #drop #Chinese #beef #imports

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