Bovine Animals; Live Price in Hong Kong SAR - 2023
Contents:
- Bovine Animals; Live Price in Hong Kong SAR (CIF) - 2023
- Bovine Animals; Live Imports in Hong Kong SAR
Bovine Animals; Live Price in Hong Kong SAR (CIF) - 2023
The average bovine animals; live import price stood at $4,130 per unit in September 2023, approximately reflecting the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 1.8% against the previous month. Over the period under review, average import prices hit record highs at $4,181 per unit in January 2023; afterwards, it flattened through to September 2023.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to +0.1% per month.
Bovine Animals; Live Imports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of bovine animals; lives, which decreased by -11.9% to 12K units in 2022. Overall, imports saw a abrupt curtailment. The smallest decline of -4.2% was in 2020. Over the period under review, imports attained the peak figure at 15K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, bovine animals; live imports contracted to $49M in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 8.8% against the previous year. As a result, imports attained the peak of $53M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Bovine Animals; Live in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.4 | 52.9 | 52.9 | 49.0 | 0.4% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 48.7 | 53.0 | 52.9 | 49.0 | 0.2% |
Top Suppliers of Bovine Animals; Live to Hong Kong SAR in 2022:
- China (11.9K units)
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