Exports to China top $15 billion as appetite for meat grows

Annual goods exports to China have reached $15 billion for the first time, with rising demand for beef and lamb, as well as logs and dairy products, Stats NZ said today.

In the year to April 2019, annual goods exports to China increased $2.7 billion (22 percent) from the April 2018 year to reach $15 billion.

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In the year to April 2019, annual meat and edible offal exports to China were $1.5 billion, up $905 million from year ended April 2018. This increase was led by beef and lamb, with beef up $420 million and lamb up $340 million.

“The strong demand recently from the Chinese market for alternative protein sources, such as New Zealand beef and lamb is partly due to African swine flu reducing pork production in China,” international statistics manager Tehseen Islam said.

The rise in total annual lamb exports was driven by the rise in the value of lamb sent to China, while traditional markets such as the EU remain similar or have shown small falls.

Year ended AprilOtherCanadaUnited States of AmericaPeople’s Republic of ChinaEuropean Union
200844748057078881613172195334658281791347779289
2009519329266920980872345002731046289401609708362
2010579598633887663552088057351072021341508305685
2011493623025987857932544382941360281911356120591
20125059020301000848252725421851967320471345807092
2013496182601767601211911671013615437991141180756
2014486879752724907782122505055058609371178721970
2015501945301744062202343062914834128671196227290
2016453238254846194932778253424267869501337848704
2017460610951814443702718042164806522051094563302
2018552643310952739243251080165983095171309607651
20195614933251097398994512851659381797801254344156

“We are also seeing a similar picture in the beef market,” Mr Islam said.

“The value of beef exports to China nearly doubled in the year to April 2019 compared with the previous year.”

Year ended AprilOtherEuropean UnionPeople’s Republic of ChinaUnited States of America
2008719110675778388241117147656589782
20098353910741903908565101809849925952
201081964352312868293010420450695161500
20119554916311509213938852453788372064
201289161191316080348115059558801023719
20137958215731427417951493518881001057985
2014771979662117363458183536395896687321
20158013247901230334042888591081464024568
20167877202581414571595471678781420344324
20177661072731088462304882532251133292477
20187612672011294357885947549351285595607
201978644741811805853910145111701138126629

Logs also contributed to the exports rise to China, up $514 million to reach $2.5 billion in the year to April 2019.

Milk powder was also up $501 million to $2.4 billion.

Goods export values to China rose 22 percent in the 12 months to April 2019 and now account for nearly half of all exports to Asia, and about a quarter of all New Zealand’s exports.

/Stats NZ Public Release. View in full here.