China’s pork imports continue to rise in 2018-2020. Due to the COVID-19 outbreak, China’s pork imports show a decreasing trend in 2021-2022.

In 2021, China imported 3.573 million tons of pork (excluding swine offal), down 17.0% year-on-year, and the import value was US$9.88 billion, down 16.8% year-on-year. in the first three quarters of 2022, China imported 1.210 million tons of pork, down 59.9% year-on-year, and the import value was US$2.52 billion, down 70.8% year-on-year.

The average price of imported pork in China generally showed an upward trend from 2018 to 2021. According to CRI’s analysis, the average price of pork imports in 2021 is US$2761.3 per kg. the average price of China’s pork imports in the first three quarters of 2022 is US$2080.1 per kg, down 27.2% year-on-year.

China imports pork from a total of 19 countries in 2021. According to CRI’s analysis, the top five import source countries by import volume are Spain, Brazil, the United States, Denmark and the Netherlands, with the cumulative imports of these five countries accounting for 74.7% of the total imports in 2021. Among them, China imported 1.09 million tons of pork from Spain, accounting for 30.7%, and the import value reached US$3.13 billion, accounting for 31.7%.

The two main categories of pork imported by China are fresh or cold pork and frozen pork. Among them, frozen pork is the main species imported by China. 2021 China imported a total of 3.571 million tons of frozen pork, and only about 0.2 million tons of imported pork was fresh or cold pork.

According to CRI’s analysis, among the various types of frozen pork, frozen bone-in pork foreleg, pork hind leg and its meat pieces and other frozen pork are the main imported species. 2.508 million tons of other frozen pork and 1.060 million tons of frozen bone-in pork foreleg, pork hind leg and its meat pieces were imported into China in 2021, accounting for 70.2% and 29.7% of the total import volume, respectively.

CRI expects China’s pork imports to continue to rise from 2023-2032 as the COVID-19 outbreak is brought under control and international logistics gradually recover.

Topics covered:

• China’s Pork Import Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on China’s Pork Import?
• Which Companies are the Major Players in China’s Pork Import Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Pork Import
• What are the Key Drivers, Challenges, and Opportunities for China’s Pork Import during 2023-2032?
• What is the Expected Revenue of China’s Pork Import during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in China’s Pork Import Market?
• Which Segment of China’s Pork Import is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Pork Import?

The post Research Report on China’s Pork Import 2023-2032 first appeared on CRI Report.

With the rising living standards of Chinese residents, the demand for dairy products is also on the rise. China needs to import a large number of dairy products every year due to the high production cost of local dairy products and limited room for production growth.

In 2021, China imported a total of 3.897 million tons of various dairy products, up 18.8% year-on-year, with an import value of US$13.36 billion, up 14.0% year-on-year. 2021, China imported a total of 2.536 million tons of various dairy products in the first three quarters of 2022, down 18.6% year-on-year, with an import value of US$10.69 billion, up 0.9% year-on-year.

China imports two main categories of dairy products: dried dairy products and liquid milk. 2021, China imported 2.611 million tons of dried dairy products, up 17.7% year-on-year, accounting for 65.9% of total imports that year, and US$11.49 billion, up 11.0% year-on-year, accounting for 83.1% of total imports that year.

One more million tons of dried dairy products were imported into China in the first three quarters of 2022, down 17.5% year-on-year, with imports of US$9.45 billion, up 2.4% year-on-year.

China’s dried dairy product imports mainly include large packaged milk powder, infant milk powder, cheese, cream, whey and condensed milk, etc. CRI analysis shows that in 2021, China imported 1.275 million tons of large packaged milk powder, up 31.2% year-on-year, and the import value was US$4.60 billion, up 39.6% year-on-year.

New Zealand is China’s largest source of large packaged milk powder imports by import volume, with China importing 889,000 tons of New Zealand large packaged milk powder in 2021, accounting for 69.7% of total large packaged milk powder imports in that year.

When converted to raw milk, the top three sources of dairy imports into China in 2021 by import volume are New Zealand, the U.S. and Australia. According to CRI analysis, dairy products imported from New Zealand accounted for 44.3% of total imports.

By import volume, the top three sources of dairy products imports to China in 2021 are New Zealand, Australia and Germany, with imports from New Zealand accounting for 52.0% of total imports.

According to CRI’s analysis, consumption of dairy products will continue to expand as China’s national income increases and its consumption structure is gradually optimized. CRI expects China’s dairy import demand to grow strongly from 2023-2032, as the production of imported dairy products is strictly monitored to ensure quality and international competitiveness.

Topics covered:

• China’s Dairy Product Import Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on China’s Dairy Product Import?
• Which Companies are the Major Players in China’s Dairy Product Import Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Dairy Product Import
• What are the Key Drivers, Challenges, and Opportunities for China’s Dairy Product Import during 2023-2032?
• What is the Expected Revenue of China’s Dairy Product Import during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in China’s Dairy Product Import Market?
• Which Segment of China’s Dairy Product Import is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Dairy Product Import?

The post Research Report on China’s Dairy Product Import 2023-2032 first appeared on CRI Report.

China’s corn production is among the highest in the world. With the development of China’s farming industry, the demand for feed is rising, so China still needs to import a large amount of corn every year.

In 2021, China imported a total of 28.348 million tons of corn, up 152.2% year-on-year, and US$8.03 billion in imports, up 223.6% year-on-year. According to CRI analysis, China imported 18.463 million tons of corn in the first three quarters of 2022, down 25.9% year-on-year, with imports of US$6.25 billion, down 10.3% year-on-year.

CRI analysis shows that the average price of China’s corn imports generally shows a sustained upward trend in 2018-2022. in 2018-2020, the average price of China’s corn imports stabilizes at US$220 per ton, and in 2021 the average price of China’s corn imports rises to US$283.3 per ton, up 28.3% y-o-y. in the first three quarters of 2022, the average price of China’s corn imports continues to rise to US$338.8 per ton, an increase of 21.1% year-on-year.

China’s corn imports consist mainly of corn for seed and corn excluding for seeds. Corn excluding for seeds is the main type of corn imported into China. CRI analysis shows that the U.S. and Ukraine are China’s main sources of corn imports, with both accounting for more than 95 percent of China’s corn imports.

In 2021, China imported 19.287 million tons of U.S. corn, accounting for 69.9% of the total import volume and US$5.59 billion, accounting for 69.7% of the total import volume in that year. China imported 8.233 million tons of corn from Ukraine, accounting for 29.0% of the total imports and US$2.35 billion, accounting for 29.3%.

China has become the world’s largest importer of corn in 2021.CRI expects China’s large population base, escalating consumption structure and rapid development of the corn processing industry, as well as limited land resources in China and limited room for growth in grain production. CRI expects China’s corn imports to continue to rise from 2023-2032.

Topics covered:

• China’s Corn Import Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on China’s Corn Import?
• Which Companies are the Major Players in China’s Corn Import Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Corn Import
• What are the Key Drivers, Challenges, and Opportunities for China’s Corn Import during 2023-2032?
• What is the Expected Revenue of China’s Corn Import during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in China’s Corn Import Market?
• Which Segment of China’s Corn Import is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Corn Import?

The post Research Report on China’s Corn Import 2023-2032 first appeared on CRI Report.

With the development of China’s economy and rising living standards, the demand for sugar in the Chinese market is on the rise. Due to the limited arable land, there is little room for growth in China’s local sugar production, and China needs to import a large amount of sugar every year.

In 2021, China imported a total of 5.665 million tons of sugar, up 7.5% year-on-year, with imports of US$2.28 billion, up 26.6% year-on-year. According to CRI’s analysis, in the first three quarters of 2022, China imported 3.503 million tons of sugar, down 8.7% year-on-year, and the import value was US$1.71 billion, up 18.8% year-on-year.

As a bulk commodity, the average price of China’s sugar imports stabilized in the price range of US$330 to US$370 per ton in 2018-2020. In 2021, the average price of China’s sugar imports rose to US$402.9 per ton, up 17.8% year-on-year, and in the first three quarters of 2022, the average price of China’s sugar imports continued to rise to US$487.3 per ton, up 30.0% year-on-year.

The main types of sugar imported into China include beet sugar, sucrose, chemically pure sucrose, Granulated sugar, Superfine sugar and other refined sugars, etc. According to CRI’s analysis, the main types of sugar imported into China are other sucrose without flavoring or coloring agents and granulated sugar.

In 2021, the import volume of other sugar sucrose without flavoring or coloring reached 4.967 million tons, accounting for 87.7% of the total import volume and US$1.94 billion, accounting for 85.1% of the total import value in that year. The import volume of granulated sugar amounted to 683,000 tons, accounting for 12.1%, and the import value of US$330 million, accounting for 14.5%.

CRI analysis shows that in 2021, the main sources of China’s sugar imports by import volume are Brazil, UAE, Cuba, South Korea and India. Brazil is China’s largest source of sugar imports. 4.687 million tons of sugar will be imported from Brazil in 2021, accounting for 82.7% of total imports in that year, and US$18.21 billion, or 79.8% of imports.

China is the world’s major sugar consumer. With the improvement of China’s national living standard and the upgrade of consumption structure, China’s sugar consumption continues to grow rapidly, but China’s domestic sugar production capacity cannot meet the demand of the consumer market and needs to seek a large number of imports, therefore, CRI expects China’s sugar imports will continue to grow in the future.

Topics covered:

• China’s Sugar Import Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on China’s Sugar Import?
• Which Companies are the Major Players in China’s Sugar Import Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Sugar Import    ring 2023-2032?
• What is the Expected Revenue of China’s Sugar Import during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in China’s Sugar Import Market?
• Which Segment of China’s Sugar Import is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Sugar Import?

The post Research Report on China’s Sugar Import 2023-2032 first appeared on CRI Report.

In recent years, some small and medium-sized coal mines had to cut or even stop production because their environmental protection facilities failed to meet standards. Meanwhile, the rising mining costs have made the coal prices in China higher than the international coal prices. For example, in 2019, the average price of imported coal was only US$78 per ton, about 10% lower than that of domestic coal.

According to CRI’s analysis, the logistics costs for imported coal are very low because imported coal mostly enters China by sea. While the logistics costs for domestic coal are far higher because the prices of refined oil are more expensive in China than in other parts of the world, and the expressway tolls are excessively high. Therefore, China imports a large quantity of coal every year.

China’s coal imports rose from 204.06 million tons in 2015 to 299.67 million tons in 2019. In 2020, due to the outbreak of COVID-19 and the deterioration of relations between China and Australia, China’s coal imports have shown a downward trend. In 2021, China’s coal imports amounted to approximately 323.21 million tons, a year-on-year increase of 6.6%.

Coal imports are classified into anthracite, coking coal, other coal, other bituminous coal and lignite. The first three types of coal are used for thermal power generation and collectively called as steam coal in China. China’s coal imports are dominated by steam coal that has a low average price.

According to CRI, coal import can bring the following benefits to China: (1) Appropriate amount of coal imports can suppress the price fluctuations and speculation on China’s coal market so that the downstream industries can maintain stable production and operation; and (2) the import of high-quality coking coal that China lacks can promote the development of China’s coke and metal smelting industries.

According to CRI’s prediction, if the COVID-19 epidemic is relieved in 2022, China’s coal imports will increase in 2023-2032. Although China has reduced its coal imports from Australia, it will look for coal from other countries as an alternative. If the COVID-19 epidemic continues in 2023, it is expected that China’s coal imports will continue to decline in 2023 and will not resume growth until 2024.

Topics covered:

• China’s Coal Import Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on China’s Coal Import?
• Which Companies are the Major Players in China’s Coal Import Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Coal Import
• What are the Key Drivers, Challenges, and Opportunities for China’s Coal Import during 2023-2032?
• What is the Expected Revenue of China’s Coal Import during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in China’s Coal Import Market?
• Which Segment of China’s Coal Import is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Coal Import?

The post Research Report on China’s Coal Import 2023-2032 first appeared on CRI Report.

With the development of China’s economy and rising living standards, the demand for soybean in the Chinese market is on the rise. Due to the limited arable land, there is little room for growth in China’s local soybean production, and China needs to import a large amount of soybean every year.

In 2021, China’s soybean imports totaled 96.467 million tons, down 3.8% year-over-year, with imports of US$53.52 billion, up 35.3%. in the first three quarters of 2022, China’s soybean imports totaled 69.043 million tons, down 6.6% year-over-year, with imports of US$46.52 billion, up 16.2%.

In 2021, the top five source countries for China’s soybean imports according to import volume were Brazil, the United States, Argentina, Uruguay and Canada. Among them, Brazil ranked first in soybean imports, with 58.147 million tons, accounting for 60.3% of total imports, and imports amounting to US$33.14 billion, or 61.9%. According to CRI’s analysis, in the first three quarters of 2022, Russia overtook Canada to rank among the top five sources of soybean imports to China for the first time, with Russian soybean imports reaching 50.0 million tons, up 12.4% year-on-year. Among soybean importers, Brazil remained at the top, with imports amounting to 46.498 million tons, accounting for 67.3% of total imports.

In 2022, China divided non-seeded yellow soybeans into two categories: genetically modified (GM) and non-GM yellow soybeans. According to CRI’s analysis, China’s soybean imports are mainly GM yellow soybeans, and China’s imports of GM yellow soybeans in the first three quarters of 2022 amounted to 67.633 million tons, accounting for 98.0% of the total imports, and the import value amounted to US$45.62 billion, accounting for 98.1% of the total imports.

CRI expects that as China’s national living standards rise, the demand for soybeans in the Chinese market will continue to rise in the coming years, while the upside of China’s domestic soybean production is effective and more than 80% of the soybeans consumed in China will still rely on imports.

Topics covered:

• China’s Soybean Import Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on China’s Soybean Import?
• Which Companies are the Major Players in China’s Soybean Import Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Soybean Import
• What are the Key Drivers, Challenges, and Opportunities for China’s Soybean Import during 2023-2032?
• What is the Expected Revenue of China’s Soybean Import during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in China’s Soybean Import Market?
• Which Segment of China’s Soybean Import is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Soybean Import?

The post Research Report on China’s Soybean Import 2023-2032 first appeared on CRI Report.

With the development of China’s economy and rising living standards, the demand for rice in the Chinese market is on the rise. Due to the limited arable land, there is little room for growth in China’s local rice production, and China needs to import a large amount of rice every year.

In 2021, China’s total rice imports were 4.963 million tons, up 68.7% year-on-year; the import value was US$2.23 billion, up 494.4% year-on-year. In the first three quarters of 2022, China’s total rice imports were 5.054 million tons, already exceeding the previous year’s total imports, up 41.1% year-on-year, and the import value was US$2.11 billion, up 29.3% year-on-year.

In 2021, the top five source countries for China’s rice imports by import volume were India, Vietnam, Pakistan, Myanmar and Thailand. Among them, India ranked first in terms of rice import volume with 1.089 million tons, accounting for 21.9%, and the import value amounted to US$370 million, accounting for 16.6%.

According to CRI’s analysis, the top five source countries for China’s rice imports remained unchanged in the first three quarters of 2022, but rice imports from Pakistan overtook Vietnam to jump to second place. India remains China’s largest source of rice imports, with a volume of 2.042 million tons, up 140.5% year-on-year, accounting for 40.4% of total imports, which amounted to US$730 million, or 34.6%.

In terms of import types, the main types of rice imported by China are long-grain rice concentrate and long-grain rice broken.

In 2021, China imported 2.271 million tons of long-grain rice concentrate and 2.20 million tons of long-grain rice broken, which together accounted for 90.1% of total imports, with import values of US$1.19 billion and US$840 million, respectively, accounting for 91.0% of total imports.

In the first three quarters of 2022, the China imported 2.727 million tons of long-grain rice broken rice and 1.832 million tons of long-grain rice refined rice, with import values of US$990 million and US$910 million, respectively.

CRI expects China’s overall rice imports to continue to rise in the future, and there are still many opportunities in the Chinese market for global rice export trading companies.

Topics covered:

• China’s Rice Import Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on China’s Rice Import?
• Which Companies are the Major Players in China’s Rice Import Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Rice Import
• What are the Key Drivers, Challenges, and Opportunities for China’s Rice Import during 2023-2032?
• What is the Expected Revenue of China’s Rice Import during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in China’s Rice Import Market?
• Which Segment of China’s Rice Import is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Rice Import?

The post Research Report on China’s Rice Import 2023-2032 first appeared on CRI Report.

With the development of China’s economy and rising living standards, the demand for beef in the Chinese market is on the rise. Due to the limited arable land, there is little room for growth in China’s local beef production, and China needs to import a large amount of beef every year.

In 2021, China’s total beef imports were 2.333 million tons, up 10.1% year-on-year, and the import value was US$12.49 billion, up 22.7% year-on-year. According to CRI’s analysis, China’s beef imports in the first three quarters of 2022 totaled 1,942,900 tons, and the import value already exceeded the previous year’s annual import amount, reaching US$13.065 billion. According to CRI analysis, the average price of China’s beef imports in 2018-2022 showed an overall upward trend. 2018 to 2019 average price of China’s beef imports up evidence, although the price of beef imports in 2020 fell slightly, but the change is more stable. 2021 average price of China’s beef imports was US$5353.9 per ton, an increase of 11.4% year-on-year.

The average price of Chinese beef imports in the first three quarters of 2022 exceeded US$6,500, reaching US$6,724.45 per ton, up 31.9% year-on-year.

China imports beef from 23 countries in 2021. According to CRI analysis, in 2021, the top five source countries by import volume are Brazil, Argentina, Uruguay, New Zealand and Australia.

he amount of beef imported from these five countries amounted to 1.985 million tons, accounting for 85.1% of the total import volume. The top five source countries by import value are Brazil, Argentina, Uruguay, the U.S. and Australia. 2021 China’s beef imports from these five countries amount to US$10.65 billion, accounting for 85.3% of total imports.

According to CRI analysis, in 2021, the average price of beef imported from the U.S. was US$7,461 per ton, the highest average price of all beef imports. The average price of beef imported from Latvia is the lowest, at only US$2,423 per ton.

The beef imported into China is mainly frozen beef and fresh or cold beef.

Among them, frozen beef is the main type of beef imported by China, including frozen bone-in beef, frozen boneless beef, frozen whole head and half head beef. According to CRI’s analysis, in 2021, China imported a total of 2.279 million tons of frozen beef, accounting for 97.7% of the total import volume in that year, and the import value reached $11.89 billion, accounting for 95.2%.

Topics covered:

• China’s Beef Import Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on China’s Beef Import?
• Which Companies are the Major Players in the Chinese Beef Import Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Beef Import
• What are the Key Drivers, Challenges, and Opportunities for China’s Beef Import during 2023-2032?
• What is the Expected Revenue of China’s Beef Import during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in the Beef Import Market?
• Which Segment of China’s Beef Import is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Beef Import?

The post Research Report on China’s Beef Import 2023-2032 first appeared on CRI Report.

In 2021, China’s cotton imports totaled 2.147 million tons, down 5.7% year-on-year, and the import value was US$4.11 billion, up 15.3% year-on-year. According to CRI analysis, in the first three quarters of 2022, China’s cotton imports totaled 1.458 million tons, down 21.2% year-on-year, and the import value was US$3.84 billion, up 11.1%.

The average price of China’s cotton imports is more volatile in 2018-2022. According to CRI’s analysis, the average price of China’s cotton imports fell continuously from 2018-2020, from US$2.0 per kg in 2018 to US$1.7 per kg in 2020. the average price of China’s cotton imports reached US$1.9 per kg in 2021, up 16.0% y-o-y. in the first three quarters of 2022, the average price of China’s cotton imports rose to US$2.6 per kg, up 41.0% year-on-year.

In 2021, China imports cotton from 36 countries, and the top five source countries by import volume are the U.S., Brazil, India, Burkina Faso and Benin.

According to CRI’s analysis, China’s cotton imports from the U.S., Brazil and India in 2021 will be 1.884 million tons, accounting for 87.7% of total imports, and $3.60 billion, or 87.5% of total imports, with the U.S. accounting for 38.6%, Brazil for 30.0% and India for 19.2%.

In the first three quarters of 2022, Sudan overtook Burkina Faso to return to the top five source countries of China’s cotton imports, the United States, Brazil, India still firmly in the top three, the three accounted for 88.8% of total imports, of which the United States imports amounted to 95.0 million tons, an increase of 26.6% year-on-year. India’s imports fell to 39,000 tons, down 90.4% year-on-year.

The types of cotton imported into China mainly include uncombed cotton and combed cotton, of which uncombed cotton is the main type of cotton imported into China. 2021, China imported 2.142 million tons of uncombed cotton, accounting for 99.8% of the total imports, and the import value of US$4.10 billion, accounting for 99.8%.

CRI analysis, China is the world’s largest cotton consumer, and domestic cotton production cannot meet the demand of the downstream industry chain, so the cotton market is in short supply, it is expected that the future demand gap of China’s cotton will still rely mainly on imports to meet, China’s cotton import market is dynamic.

Topics covered:

• China’s Cotton Import Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on China’s Cotton Import?
• Which Companies are the Major Players in China’s Cotton Import Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Cotton Import
• What are the Key Drivers, Challenges, and Opportunities for China’s Cotton Import during 2023-2032?
• What is the Expected Revenue of China’s Cotton Import during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in China’s Cotton Import Market?
• Which Segment of China’s Cotton Import is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Cotton Import?

The post Research Report on China’s Cotton Import 2023-2032 first appeared on CRI Report.

China’s fresh cherry imports and import value continue to expand from 2018-2022. According to CRI analysis, in 2021, China’s total fresh cherry imports were 314,000 tons, up 48.9% year-on-year, and the import value was US$2.0 billion, up 20.5% year-on-year.

In the first three quarters of 2022, China’s total fresh cherry imports were 309,000 tons, up 1.8% year-on-year, and the import value was US$2.23 billion, exceeding the total import value of the previous year, up 20.5% year-on-year.

The average price of fresh cherry imports in China fluctuates from 2018 to 2022. According to CRI analysis, the average price of fresh cherry imports in China from 2018 to 2020 showed a year-on-year increase, and the average price of fresh cherries in China fell to US$6.4 per kg in 2021, down 20.0% year-on-year.

Among them, the import price of fresh cherries from New Zealand is US$20.1 per kg, ranking first, the import price of fresh cherries from Australia is US$18.3 per kg, second only to fresh cherries from New Zealand, and the average price of imported cherries from the rest of the countries is lower than US$8 per kg.

In the first three quarters of 2022, the average price of fresh cherry imports in China rebounded to the 2019 level, reaching US$7.2 per kg, a year-on-year growth of 18.4%.

In 2021, China imported fresh cherries from eight countries. Among them, the top five import sources based on import volume are Chile, the United States, Canada, Argentina and New Zealand.

Chile is China’s largest source of fresh cherry imports, and in 2021, China imports 30.0 million tons of fresh cherries from Chile, accounting for 95.6% of total imports that year, and imports amount to US$1.88 billion, accounting for 94.2% of total imports that year.

The main types of fresh cherries imported into China are fresh European tart cherries and other fresh cherries, with other fresh cherries being the main type imported into China, and fresh European tart cherries accounting for only a small portion of China’s fresh cherry imports. fresh European tart cherry imports in the first three quarters of 2022 were only 6 tons, accounting for only two thousandths of total fresh cherry imports.

CRI analyzes that as China’s national living standard improves, China’s demand for high-end fruits such as cherries will continue to expand. At the same time, the import market can meet consumer demand for cherries in winter and other periods, and China’s fresh cherry imports will continue to grow steadily in the future.

Topics covered:

• China’s Fresh Cherry Import Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on China’s Fresh Cherry Import?
• Which Companies are the Major Players in China’s Fresh Cherry Import Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Fresh Cherry Import
• What are the Key Drivers, Challenges, and Opportunities for China’s Fresh Cherry Import during 2023-2032?
• What is the Expected Revenue of China’s Fresh Cherry Import during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in China’s Fresh Cherry Import Market?
• Which Segment of China’s Fresh Cherry Import is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Fresh Cherry Import?

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