Based on continuous accumulation of data, persistent tracking on industrial changes and in-depth researches for more than 20 years, BOABC will provide you with a valuable analysis report oninvestment and overall situation ofhog industry and investment.
ASF outbreaks in China since the end of 2018 have led to a large gap in pork supply and a significant growth in pork prices in the country over the past two years. In October 2020, the average price of pigs stood at 30.81yuan/kg in China, up 121% from the same month in 2018, that of pork reached 49.56yuan/kg, a growth of 152% from the same period in 2018, and the profits of raising pigs increased by 724% from the same period in 2018, according to BOABC's data.
As a result, China's pig industry and market experienced significant changes in 2020, mainly showing following features:
1. China's imports of breeding pigs surged in the first three quarters and rose by 1407% compared with the annual imports in the prioryear.
Due to the sharp reduction of pig production capacity, persistent high pig prices and pig producers' improved technologies of ASF prevention and control, China's imports of breeding pigs saw a recovery growth. The figure for the first three quarters reached 15,346 head, up 1047% fromthe annual imports in 2019, and it's the highest level over the last six years.
It's about 30 months from the birth of GP breeding pigs to the marketing of commercial pigs, so China's quality breeding pigs imported in2020 are expected to be largely putinto production in two years.
2. The stock of breeding sows has shifted to growth from decline, with quality two-way crossbred sows in short supply.
According to BOABC's monitoring data, China's stock of breeding sowsstarted to rebound in October 2019,and has returned to 26.0 million head by the end of October 2020, a rise of 36% over the same period last year. However, the growth mainly came from three-way crossbred sows.
It's understood that the mating success rate, the survival rate of weaning pigs, PSY and other production indexes of three-way crossbred breeding sows are much lower than that of two-way crossbred breeding sows. According to the current production performance of three-way sows,China's pig production capacity is hard to return to the level before 2018. In the longer term, leaving three-way crossbred for breeding will cause more harm than good, and it's only an emergency response. Only replacing three-way sows with high quality two-way crossbred sowscan we promote the upgrading and transformation of pig industry in China.
3. Due to large supply gap of pork in domestic, imported pork accounted for an increasing share.
In 2018, before the outbreak of ASF, China's imports of pork reached 1.19 million tons, accounting for 2.2% of the total pork supply. The figure registered 3.22 million tons in the first three quarters of 2020, accounting for 11.3% of the total, a growth of 9.1% compared with that in 2018.
Among main source countries, the imports from Germany and Canada respectively grew by 88% and 72% year-on-year in the first three quarters, while that from other countries each saw a year-on-year growth of over 100%.
4. Under the pressure of COVID-19 and ASF, investors still have high enthusiasm aboutpig farming projects in China.
Under the pressure of the COVID-19 epidemic and African swine fever, investors still had a high zeal for pig industry this year. According to our statistical results of investments published online, the planned investment capacity has exceeded 129 million pigs in the first three quarters of 2020, a growth of 113% over the same period last year.
Compared with the investment layout in previous years, the layout this year is more scattered, with an obvious reduction in major pig producing regions. The planned capacity of the top 4 provinces contributed to approximately 40% of the total in the first three quarters of 2020, while the share of the top 4 provinces in 2018 was up to 61%.
In the circumstances, what changes will China's pig market have in the following aspects in 2020 and 2021?
- (1) The impacts of the COVID-19 epidemic and African swine fever on global pig industry.
- (2) The distribution of breeding pig farms in China
- (3) The recovery of China's pig production capacity
- (4) Pork supply gap in China in the future
- (5) Pig price trends in China
- (6) Changes in China's imports of pork and the major source countries
- (7) Competitive landscape of large pig farming companies and slaughtering&processing enterprises.
- (8) Current situation, potential and risks of investments in China's pig industry
Based on above questions, the report will make an in-depth analysis on the development trend ofdomestic pig industry, dissectthe operation models of key enterprises, conclude the investment trends of domestic companies and capital, and predict the market trends in 2021. It's expected to help businesses, capital , and industry insiders to more accurately grasp theoperation trends and investment opportunities of hog industry in China and international market, and judge the models suitable for the development of enterprises and the resources that need to be integrated.
Table of Contents
Part One: 2020 Global Pork Market Analysis and Forecast for 2021
1 Global Pork Production Changes and Regional Production Layout: High Concentration
- 1.1 Position of Pork in Global Meat Markets
- 1.2 Decrease of Global Pork Output
- 1.3 Pork production layout and concentration rate
- 1.4 Forecast on global porkproduction in 2021
2 Global Pork Imports & Exports Trade: Surged Trade Volume
- 2.1 Changes in global export volume of pork
- 2.2Concentration Ratio of Major Pork Exporting Countries
- 2.3 Changes in global import volume of pork
- 2.4 Concentration Ratio of Major Pork Importing Countries
- 2.5 Forecast on pork import and export trade changes in 2021
3 Global Pork Consumption: Overall Decline
- 3.1 Characteristics of pork consumption in different regions
- 3.2 Changes in pork consumption in different regions and countries
- 3.3 Forecast on global pork consumption changesin 2020
4 Features of Pig Industry in Major Producing Countries
- 4.1 US Pig Industry: High Marketization Degree and IntegrationDriven by Slaughtering
- 4.1.1 Production situation analysis
- 4.1.2 Analysis of export competitiveness of pork
- 4.2 EU Pig Industry: Economic Integration of PigIndustry through Connection of Links by Industrial Association
- 4.3 Japan Pig Industry: The Government Makes Policy Regulation to Stabilize Farmers'Profits
5 Comparisons of Pig Production Indexes among Major Countries: Larger gaps between China and Advanced Countries
- 5.1 Comparisons of Growing-finishing Pig Farming Costs among Major Countries
- 5.2Comparisons of Pig Production Efficiency Indexes among Major CountriesReport on Development and Investment of China's Hog Industry
- 5.3 Changes in the Market Shares of the Top 10 Pig Producing Countries
- 5.4 Changes in the Market Shares of the Top 10 Pig Producing Enterprises
Part Two: Impacts of COVID-19 and ASF on Pig Industry in China and Other Countries Worldwide
1 Impacts of COVID-19 on Pig Industry in China and Other Countries Worldwide
- 1.1 Global Epidemic Outbreaks
- 1.2 Epidemic Outbreaks in Major Pig ProducingCountries
- 1.3 Impacts on Pig Industry in China and Other Countries Worldwide
2 Impacts of ASF on Pig Industry in China and Other Countries Worldwide
- 2.1 Global ASF Outbreaks
- 2.2 ASF Outbreaks in Major Pig Producing Countries
- 2.3 Impacts of ASF on Pig Industry in China and Other Countries Worldwide
- 2.4Brief Analysis of theR&D of China's ASF Vaccines
Part Three: 2020 China Pig Industry Development Analysis and Forecast for 2021
1 Breeding Pig Market in China in 2020
- 1.1 China's Imports of Breeding Pigs and Source Countries
- 1.2 Selecting Conditions of National Core Breeding Stations
- 1.3 The Gap of Breeding Pig Breeding Technologies between China and Advanced Countries
- 1.4 Distribution of National Core Breeding Stations
2 Pig Production in China in 2020
- 2.1Analysis of China's Pig Production Capacity
- 2.1.1 Recovery Growth in the Stock of Breeding Sows and the Proportion of Three-way Crossbred Breeding Sows
- 2.1.2Increased Stock of Piglets
- 2.1.3Market Weights of Hogs and Shares of Hogs Marketed at Different Weights
- 2.1.4 Pig Sales and Pork Output
- 2.2 Layout of Pig Farming in China
- 2.3 Degree of Scale Pig Farming in ChinaReport on Development and Investment of China's Hog Industry
- 2.4 China's Production Modes
- 1.4.1 Diversified Pig Farming Modes
- 1.4.2 "Integrated"Mode of Self-breeding and Self-raising
- 1.4.3 "Company+Farmer"Mode
- 1.4.4 Production Modes of the Top 10 Pig Companies and Their Market Shares
- 2.5Changes in PigPrices and Farming Benefits
3 Pig Slaughtering and Deep Processing in China in 2020
- 3.1 Concentration Ratio of Pig Slaughterhouses
- 3.2 Changes in the Operation Rate of Slaughterhouses
- 3.3 Changes in the Storage Rate of Frozen Pork Products of Slaughterhouses
- 3.4 Changes in the Numbers of Pigs Butchered by Slaughterhouses above Designated Size and by All Slaughterhouses in the Country
- 3.5 Cost and benefit of slaughtering link
- 3.6 Main hog slaughtering and deep processing enterprises and their products
4 Pork and Related Products Trade in China in 2020
- 4.1 Pig Exports
- 4.1.1 Exports of Pigs
- 4.1.2 Main Export Destinations of Pigs
- 4.2Imports and exports of pork
- 4.2.1 Import volume of chilled and frozen pork
- 4.2.2 Lower export volume of chilled and frozen pork
- 4.3Import and export of pork entrails
- 4.4 Imports and exports of other main pork products
- 4.4.3Hog bristles and pig hair
- 4.4.4Salted pig casing and intestine head
- 4.5 Trade of pork products
- 4.5.1 Imports and exports of dried, smoked and salted pork
- 4.5.2 Imports and exportsof pork can and other prepared or preserved pork
- 4.6 Influence of pork trade on domestic hog industry
5 China's Pork Consumption in 2020
- 5.1 Changes in pork consumption and per capita pork consumptionReport on Development and Investment of China's Hog Industry
- 5.2 Urban and rural consumption structures of pork
- 5.3 Consumption structure of pork in different ways
- 5.4Chinese pork prices
- 5.5 Forecast on pork consumption changes in China
6 Pork Circulation Channels in China and Profits of Each Link in 2020
- 6.1 Major Circulation Modes of Pork
- 6.2 Analysis of Circulation Profits
- 6.3 Development Trend of Circulation from "Pig Transfer"to "Pork Transfer".
7 Forecast on China's Pig Industry in 2021
- 7.1 Forecast on the Stock of Breeding Sows
- 7.2 Forecast on Sales of Hogs
- 7.3 Forecast on Pork Output
- 7.4 Forecast on Pork Imports
- 7.5 Forecast on Pork Supply&Demand Gap
- 7.6 Forecast on Pig Prices
8 Analysis of China Pork Supply and Demand Balance (2010-2021)
Part Four: Listed companies in domestic hog industry in 2020
1 Key hog farming enterprises in farming industry
- 1.1 Wens
- 1.1.1 Basic profile: Equitystructure, business layout, core businesses and products, market position, sales regions and channels
- 1.1.2 Business model
- 1.1.3 Key competitive elements
- 1.1.4 Investment trend
- 1.1.5Operation state analysis: Turnoverand gross profit, sales revenue of hog business and its proportion
- 1.2 Muyuan
2 Key hog farming enterprise in feed industry
- 2.1 New Hope
- 2.3Da Bei NongReport on Development and Investment of China's Hog Industry
- 2.4Jin Xin Nong
- 2.5TRS Group
3 Key hog farming enterprise in slaughtering industry
- 3.1Shineway Group: Leading Enterprise in Hog Slaughtering Industry
- 3.2Longda Meat:an integrated company of hog raising, slaughtering and processing
4 comprehensive comparison of large pig breeding enterprises
Part Five: Analysis of main investments in China's hog industry
1 Analysis and forecast on the investment in hog farming industry in 2020
2 Investment characteristics of China's hog industry in 2020
- 2.1 Analysis of investment scale
- 2.2 Composition of investors
- 2.3 Regional distribution of investment
- 2.4 Investment way and main capital sources
3 Analysis of investment oppertunities and risks of China's hog industry
- 3.1 Investment potential
- 3.2 Superior investment areas
- 3.3 Investment modelselection
- 3.4 Investment links
- 3.5 Superior asset in hog industry
- 3.6 Possible investment risks