Friday 19 April 2024

Chinese Market and its Opportunities

The Asian giant represents a market of 1.345 million consumers and is the world's second largest importer of the agrifood sector, with $126 billion per year.

Paying the bills

Latest

Can Microdose Mushrooms Boost Productivity? Find Out What Experts Are Saying

Microdosing involves taking a small, controlled amount—usually around 1/8...

“Respect for the division of powers” legislator tells President Chaves

QCOSTARICA - A call for respect for the division...

Carlos Alvarado: Populism is thriving in Costa Rica

QCOSTARICA -- On Wednesday, former president Carlos Alvarado (2018-2022),...

1960s Costa Rica

QCOSTARICA - The first indigenous peoples of Costa Rica...

Holidays left in 2024

QCOSTARICA -- Costa Rica just came off a long...

Costa Rica will not receive African migrants

QCOSTARICA -- Costa Rica's President, Rodrigo Chaves, stated on...

Dollar Exchange

¢499.09 BUY

¢504.07 SELL

19 April 2024 - At The Banks - Source: BCCR

Paying the bills

Share

The study “Food Market in China“, compiled by Procomer Costa Rica, indicates that in the Asian country 50% of agrifood imports are from the agricultural sector, in products such as soybeans (which corresponds to the main of the entire agrifood sector), barley and rice.

The report states that “… In the case of the food industry (27%), children’s preparations stand out and in the case of livestock and fishing (23%), beef is the main one. South America is the main supplier of products of the agrifood sector in China (33% of total imports), mainly by shipments of soybeans from Brazil, cherries from Chile and beef from Argentina. After Brazil, the USA and Canada are the main suppliers with products such as soybeans and turnip seeds.

Imports are focused on the east coast of China. Shanghai is the main entry point for the agrifood sector in China, followed by Nanjing a short distance from Shanghai and Qingdao. The regions that had the highest growth in the period 14/18 with +23% and Shijiazhuang +20%. Agrifood imports in Shanghai reached 18 806 with a CAGR 14/18 of 12%. New Zealand, Australia and Brazil are the main supplier countries, with products such as powdered milk and frozen beef. The countries with the highest growth in the period are Australia (+28%), Brazil (+20%) and Canada (+20%).

- Advertisement -

There are three main distribution centers: North (through the ports of Tianjin, Qingdao, Dalian and Qinhuangdao), East (through the ports of Shanghai), South (through the ports of Shenzhen and Xiamen). From these points, products are distributed to secondary distribution centers, such as Chengdu and Chongqing in the southwest, and from there to Tier 3 and 4 cities (i.e., cities with smaller populations and smaller economies). China’s food imports and distribution channels are complex and changing. Some of them are not fully developed (as in the case of on-line, which is in full evolution), and the distribution network is still local and fragmented.”

Download document.

- Advertisement -
Paying the bills

Related Articles

Nicaragua Upgrades Ties with China

Q24N (Reuters) China and Nicaragua upgraded their bilateral ties on Wednesday,...

China rejects spying concerns by Costa Rica’s President over 5G network

QCOSTARICA -- On December 7, China firmly dismissed worries about cyber-security...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Discover more from Q COSTA RICA

Subscribe now to keep reading and get access to the full archive.

Continue reading