Beef & Mutton Import to Tianjin, Up 14.1% YOY in Jan-Aug 2017
[2017-09-29]
According to Tianjin Customs statistics, from January to August this year, the port of Tianjin imported beef and mutton totaling 220,000 tons, an increase of 14.1% year-on-year (YOY); worth RMB 5.59 billion yuan, up 21.7% YOY; average import price at 25,000 yuan per ton, up 6.7% YOY.
For August alone, the beef and mutton imports reached 31,000 tons, an increase of 18.2% YOY and 8.5% from July; average import price at 25.3 yuan per kilogram, up 4.6% YOY and down 1% from July.
Import Characteristics in January-August:
To the Tianjin port, ordinary trade mode brought in 216,000 tons, up 17.6% YOY, accounting for 98.2% of the total import; Tianjin-based private enterprises imported 174,000 tons, up 28.1% YOY, accounting for 79.1% of the total.
The imports from Uruguay reached 65,000 tons, up 25.7% YOY; the imports from Brazil reached 60,000 tons, up 12% YOY; the both accounted for 56.8% of the total.
Therein, frozen boneless beef reached 145,000 tons, up 12.7% YOY, accounting for 65.9% of the total.
Causes of the Import Increase:
(1) Improvement in domestic consumption boosted the beef and mutton imports.
(2) Beef from Uruguay is lower in price (RMB21.6/kg) and traceable in quality, increasing the import from there.
Considerations:
(1) More import beef and mutton will impact domestic breeding industry.
(2) India issued a ban on cattle slaughter, causing international beef prices to rise.
(3) As the market is further open, it is necessary to prevent substandard meat products inbound.
For August alone, the beef and mutton imports reached 31,000 tons, an increase of 18.2% YOY and 8.5% from July; average import price at 25.3 yuan per kilogram, up 4.6% YOY and down 1% from July.
Import Characteristics in January-August:
To the Tianjin port, ordinary trade mode brought in 216,000 tons, up 17.6% YOY, accounting for 98.2% of the total import; Tianjin-based private enterprises imported 174,000 tons, up 28.1% YOY, accounting for 79.1% of the total.
The imports from Uruguay reached 65,000 tons, up 25.7% YOY; the imports from Brazil reached 60,000 tons, up 12% YOY; the both accounted for 56.8% of the total.
Therein, frozen boneless beef reached 145,000 tons, up 12.7% YOY, accounting for 65.9% of the total.
Causes of the Import Increase:
(1) Improvement in domestic consumption boosted the beef and mutton imports.
(2) Beef from Uruguay is lower in price (RMB21.6/kg) and traceable in quality, increasing the import from there.
Considerations:
(1) More import beef and mutton will impact domestic breeding industry.
(2) India issued a ban on cattle slaughter, causing international beef prices to rise.
(3) As the market is further open, it is necessary to prevent substandard meat products inbound.
Source: China Customs
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