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Hong Kong SAR, China - Frozen Whole Chickens - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Jun 25, 2023

Hong Kong's Frozen Whole Chicken Price Shrinks to $2,514 per Ton

Hong Kong Frozen Whole Chicken Import Price in March 2023

In March 2023, the frozen whole chicken price amounted to $2,514 per ton (CIF, Hong Kong), waning by -5.4% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in April 2022 an increase of 33% month-to-month. Over the period under review, average import prices hit record highs at $3,543 per ton in September 2022; however, from October 2022 to March 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($6,086 per ton), while the price for Argentina ($1,831 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+39.6%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRY	Import Price of Frozen Whole Chicken in Hong Kong (USD per ton)
COUNTRY	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023
France	3,120	3,782	4,169	6,092	5,781	6,309	3,965	3,920	3,449	4,601	4,441	5,266	6,086
Denmark	3,952	3,878	3,874	3,381	3,920	3,704	3,874	3,788	3,192	N/A	3,442	4,855	3,037
China	3,338	2,615	3,463	3,165	2,327	2,374	2,908	2,723	2,825	2,844	3,056	3,096	2,704
Ukraine	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1,769	2,470
Brazil	1,202	1,337	1,374	1,361	2,330	1,553	1,910	2,612	2,209	1,999	2,116	1,737	1,921
Argentina	N/A	N/A	2,013	N/A	N/A	2,655	N/A	2,683	N/A	2,495	N/A	1,701	1,831
Average	2,108	2,812	2,630	3,260	2,844	2,978	3,543	3,148	3,159	3,152	2,853	2,657	2,514

Hong Kong Frozen Whole Chicken Imports

In March 2023, after two months of growth, there was significant decline in overseas purchases of frozen whole chickens, when their volume decreased by -13.8% to 522 tons. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 with an increase of 53% m-o-m.

In value terms, frozen whole chicken imports contracted dramatically to $1.3M (IndexBox estimates) in March 2023. Overall, total imports indicated mild growth from March 2022 to March 2023: its value increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports decreased by -18.4% against February 2023 indices. The most prominent rate of growth was recorded in April 2022 when imports increased by 76% m-o-m.

Hong Kong Frozen Whole Chicken Imports by Country

China (209 tons), Brazil (166 tons) and Argentina (67 tons) were the main suppliers of frozen whole chicken imports to Hong Kong, with a combined 84% share of total imports. Ukraine, France and Denmark lagged somewhat behind, together comprising a further 13%.

From March 2022 to March 2023, the biggest increases were in Ukraine (with a CAGR of +99.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen whole chicken suppliers to Hong Kong were China ($565K), Brazil ($319K) and Argentina ($122K), together accounting for 77% of total imports. These countries were followed by Ukraine, France and Denmark, which together accounted for a further 18%.

Ukraine, with a CAGR of +178.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the frozen whole chicken market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10122013 - Frozen whole chickens

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023

Hong Kong SAR, China - Frozen Whole Chickens - Market Analysis, Forecast, Size, Trends And Insights

Hong Kong's Frozen Whole Chicken Price Shrinks to $2,514 per Ton

Hong Kong Frozen Whole Chicken Import Price in March 2023

Hong Kong Frozen Whole Chicken Imports

Hong Kong Frozen Whole Chicken Imports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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