Assessing the price effects of African swine fever in the China market
Aim: African swine fever is a viral disease that has affected the pig business in several nations worldwide. One of the most serious diseases affecting the hog business significantly influences China’s meat sector, as the country is one of the biggest pork consumers. The main objective of the curren...
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Open Exploration Publishing Inc.
2025-01-01
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| Series: | Exploration of Foods and Foodomics |
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| Online Access: | https://www.explorationpub.com/uploads/Article/A101064/101064.pdf |
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| author | Melissza Salling |
| author_facet | Melissza Salling |
| author_sort | Melissza Salling |
| collection | DOAJ |
| description | Aim: African swine fever is a viral disease that has affected the pig business in several nations worldwide. One of the most serious diseases affecting the hog business significantly influences China’s meat sector, as the country is one of the biggest pork consumers. The main objective of the current study is to examine the impact of the breakdown on hog meat output and prices in the China region. Several factors, such as market supply and demand, disease outbreaks, and governmental policies, have caused fluctuations in the price of pigs in China since 2018. Methods: The acquired data was first evaluated using a descriptive technique. The price fluctuation caused by African swine disease during the studied time was then evaluated using a t-test, Pearson’s correlation coefficient system, and polynomial regression. Results: In the analyzed period from 2015 to 2021, African swine fever outbreak impacts were detected in pork supply and price distribution. The outbreak lowers the output of hog meat, raising the stock price and influencing other meat products’ prices. Polynomial regression analysis employs the correlation between the decreased level of pork supply and the increased price of live pigs. The price of live pigs ranged from 10.57 RMB/kg to 37.10 RMB/kg, with a median of 15.60 RMB/kg and a mean of 21.43 RMB/kg. This suggests a significant increase in prices in comparison to stock levels, which could be a sign of the impact of exogenous disruptions of African swine fever on market dynamics. Conclusions: Findings emphasize that such disruption has a negative effect on the supply and demand balance. Moreover, it negatively affects pork production and price distribution. The results highlight that prices are increasing significantly as a consequence of viral outbreaks and decreased pork production. |
| format | Article |
| id | doaj-art-5b2de2971ab14b0285d15d5b4ee96e2c |
| institution | Kabale University |
| issn | 2837-9020 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Open Exploration Publishing Inc. |
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| series | Exploration of Foods and Foodomics |
| spelling | doaj-art-5b2de2971ab14b0285d15d5b4ee96e2c2025-01-17T08:15:11ZengOpen Exploration Publishing Inc.Exploration of Foods and Foodomics2837-90202025-01-01310106410.37349/eff.2025.101064Assessing the price effects of African swine fever in the China marketMelissza Salling0https://orcid.org/0000-0003-4445-3469Innovation Management Doctoral School, Óbuda University, 1034 Budapest, HungaryAim: African swine fever is a viral disease that has affected the pig business in several nations worldwide. One of the most serious diseases affecting the hog business significantly influences China’s meat sector, as the country is one of the biggest pork consumers. The main objective of the current study is to examine the impact of the breakdown on hog meat output and prices in the China region. Several factors, such as market supply and demand, disease outbreaks, and governmental policies, have caused fluctuations in the price of pigs in China since 2018. Methods: The acquired data was first evaluated using a descriptive technique. The price fluctuation caused by African swine disease during the studied time was then evaluated using a t-test, Pearson’s correlation coefficient system, and polynomial regression. Results: In the analyzed period from 2015 to 2021, African swine fever outbreak impacts were detected in pork supply and price distribution. The outbreak lowers the output of hog meat, raising the stock price and influencing other meat products’ prices. Polynomial regression analysis employs the correlation between the decreased level of pork supply and the increased price of live pigs. The price of live pigs ranged from 10.57 RMB/kg to 37.10 RMB/kg, with a median of 15.60 RMB/kg and a mean of 21.43 RMB/kg. This suggests a significant increase in prices in comparison to stock levels, which could be a sign of the impact of exogenous disruptions of African swine fever on market dynamics. Conclusions: Findings emphasize that such disruption has a negative effect on the supply and demand balance. Moreover, it negatively affects pork production and price distribution. The results highlight that prices are increasing significantly as a consequence of viral outbreaks and decreased pork production.https://www.explorationpub.com/uploads/Article/A101064/101064.pdfafrican swine feverimpactpork pricemeat industrypork production |
| spellingShingle | Melissza Salling Assessing the price effects of African swine fever in the China market Exploration of Foods and Foodomics african swine fever impact pork price meat industry pork production |
| title | Assessing the price effects of African swine fever in the China market |
| title_full | Assessing the price effects of African swine fever in the China market |
| title_fullStr | Assessing the price effects of African swine fever in the China market |
| title_full_unstemmed | Assessing the price effects of African swine fever in the China market |
| title_short | Assessing the price effects of African swine fever in the China market |
| title_sort | assessing the price effects of african swine fever in the china market |
| topic | african swine fever impact pork price meat industry pork production |
| url | https://www.explorationpub.com/uploads/Article/A101064/101064.pdf |
| work_keys_str_mv | AT melisszasalling assessingthepriceeffectsofafricanswinefeverinthechinamarket |