A growing taste for meat, dairy, beer and “afternoon tea” products among Chinese consumers contributed to a 51 percent increase in British food and drink exports to China in 2016, making it the UK’s fastest growing market…Full Article: ECNS.cn Mar 2017
- In 2016, the UK exported GBP 439.5 million (US$546.6 million) worth of food and beverage products to China. The most popular exported products were milk and cream powders, salmon, pork, whisky and beer.
- In January 2017, British Secretary of State for Environment, Food and Rural Affairs, voiced optimism in increasing agricultural exports to China amid Brexit concerns. From 2015 to 2016, according to the Secretary of State for Environment, Food and Rural Affairs, UK exports to China increased 50%. During the same month, a freight train transporting consumable goods (e.g. household items, clothes, etc.) from Yiwu, Zhejiang Province, arrived in London.
- In November 2015, the UK signed a deal to export up to US$151 million worth of barley to China (primarily to be used by the brewery industry) over the next five years. At the time, according to the British Secretary of State for Environment, Food and Rural Affairs, China will import approximately 150,000 MTs of British barley annually.
- In January 2015, the UK’s Environment Secretary visited China in order to expand British exports such as pork and pig’s trotters (i.e. pig’s feet).
- In 2014, Hong Kong imported 4.2 million liters of whisky and exported ~745,600 liters of whisky to mainland China, equating to roughly an 18% re-export rate. From 2010 to 2014, total re-export volumes averaged 28% of all imports. The United Kingdom was the top supplier of whiskey.
- From 2010 to 2014, UK pork exports to mainland China increased from just under 2,000 MTs to 28,244 MTs while export to Hong Kong decreased from 17,311 MTs to 16,968 MTs. Overall, in 2014, UK exported more than 45,200 MTs of pork to mainland China and Hong Kong.
- In July 2013, the UK-based Diageo Plc, the world’s largest liquor producer by sales, stated it will acquire the remaining shares of Sichuan Chengdu Shuijingfang Group, also known as SJF Holdco, for 233 million pounds ($357.6 million). SJF Holdco is major Chinese producer of baijiu.
Hong Kong Trends