Hong Kong SAR, China - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBacon and Ham Price in Hong Kong SAR - 2023
Contents:
- Bacon and Ham Price in Hong Kong SAR (CIF) - 2023
- Bacon and Ham Price in Hong Kong SAR (FOB) - 2023
- Bacon and Ham Imports in Hong Kong SAR
- Bacon and Ham Exports in Hong Kong SAR
Bacon and Ham Price in Hong Kong SAR (CIF) - 2023
The average bacon and ham import price stood at $8,974 per ton in June 2023, shrinking by -4.3% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 33% against the previous month. As a result, import price attained the peak level of $9,374 per ton, and then declined in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the UK ($13,959 per ton), while the price for China ($6,275 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Bacon and Ham Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average bacon and ham export price amounted to $10,039 per ton, remaining relatively unchanged against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 16% month-to-month. The export price peaked at $10,438 per ton in November 2022; however, from December 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In June 2023, the country with the highest price was Malaysia ($11,251 per ton), while the average price for exports to Macao SAR stood at $9,585 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+1.4%).
Bacon and Ham Imports in Hong Kong SAR
In 2022, the amount of bacon, ham and other dried, salted or smoked pig meat imported into Hong Kong SAR shrank significantly to 2.5K tons, declining by -19.2% against the previous year. Over the period under review, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, imports attained the peak of 3.2K tons, and then shrank markedly in the following year.
In value terms, bacon and ham imports declined to $21M in 2022. In general, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year.
| Import of Bacon and Ham in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 3.3 | 6.1 | 4.9 | -14.4% |
| United States | 2.9 | 3.3 | 4.9 | 4.5 | 15.8% |
| Italy | 4.1 | 3.0 | 4.0 | 4.1 | 0.0% |
| Spain | 5.9 | 5.0 | 4.9 | 3.9 | -12.9% |
| United Kingdom | 0.7 | 0.7 | 0.8 | 0.7 | 0.0% |
| Japan | 0.5 | 0.9 | 0.8 | 0.7 | 11.9% |
| Netherlands | 0.6 | 0.5 | 0.3 | 0.5 | -5.9% |
| Poland | 0.4 | 0.5 | 0.5 | 0.2 | -20.6% |
| Others | 1.2 | 1.3 | 1.5 | 1.5 | 7.7% |
| Total | 24.0 | 18.5 | 23.9 | 21.0 | -4.4% |
Top Suppliers of Bacon and Ham to Hong Kong SAR in 2022:
- China (904.8 tons)
- Italy (411.8 tons)
- United States (372.7 tons)
- Spain (359.2 tons)
- Japan (179.7 tons)
- Netherlands (103.9 tons)
- United Kingdom (51.9 tons)
- Poland (45.5 tons)
Bacon and Ham Exports in Hong Kong SAR
In 2022, exports of bacon, ham and other dried, salted or smoked pig meat from Hong Kong SAR declined notably to 174 tons, dropping by -20.8% against 2021 figures. Overall, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 19%.
In value terms, bacon and ham exports shrank significantly to $1.6M in 2022. Over the period under review, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 12%.
| Export of Bacon and Ham in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 3.8 | 1.8 | 2.0 | 1.6 | -25.0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 4.0 | 1.8 | 2.0 | 1.6 | -26.3% |
Top Export Markets for Bacon and Ham from Hong Kong SAR in 2022:
- Macao SAR (173.8 tons)
This report provides an in-depth analysis of the bacon and ham 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 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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