Argentina – Pork meat evolution
30 de August de 2022
Meat price evolution in the USA (2017-2022)
31 de August de 2022
In this article, we will compare pork exports from Canada to China in the months of July and June 2022, as we have seen a decline in the numbers, both on a per tonne and total USD.
Starting with volume, we observed an 8% reduction in exports. In other words, 851,309 kg were no longer exported compared to June.
In terms of economic values, June reported revenues of $20.3M while July was slightly below, dropping to $17.9M.
What caused this drop in economic revenue?
Since COVID-19, the country has been going through an economic crisis. The country's own demand for meat is declining, per capita income is also falling and prices are rising. It becomes more expensive to feed livestock and more difficult to maintain production. Transportation services are also a major constraint, so exports are more limited.
As for the provinces that bought the most and, therefore, generated the most revenue for Canadian coffers in July. These were Shanghai and Tianjin, generating $5.8M and $2.5M, respectively.
In both cases of the two provinces mentioned above, we noted a 9% growth from one month to the next.
The province with the largest decrease in meat imports in July was Jiangsu with -60%. It imported 353,816 kg in July.
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