Hong Kong SAR, China - Frozen Hams, Shoulders And Cuts Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Pork Cut Price in Hong Kong SAR - 2023
Contents:
- Frozen Pork Cut Price in Hong Kong SAR (CIF) - 2022
- Frozen Pork Cut Price in Hong Kong SAR (FOB) - 2023
- Frozen Pork Cut Imports in Hong Kong SAR
- Frozen Pork Cut Exports in Hong Kong SAR
Frozen Pork Cut Price in Hong Kong SAR (CIF) - 2022
In 2022, the average frozen pork cut import price amounted to $1,755 per ton, rising by 30% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,355 per ton), while the price for the Netherlands ($1,176 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Pork Cut Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average frozen pork cut export price amounted to $2,806 per ton, with an increase of 2.3% against the previous month. In general, export price indicated a resilient increase from June 2022 to June 2023: its price increased at an average monthly rate of +5.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, frozen pork cut export price increased by +28.0% against April 2023 indices. The growth pace was the most rapid in July 2022 when the average export price increased by 35% month-to-month. Over the period under review, the average export prices reached the maximum in June 2023.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From June 2022 to June 2023, the rate of growth in terms of prices for Macao SAR amounted to +5.2% per month.
Frozen Pork Cut Imports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas purchases of frozen hams, shoulders and cuts of pig meat, when their volume decreased by -73.4% to 5.9K tons. Overall, imports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports attained the peak of 22K tons, and then contracted sharply in the following year.
In value terms, frozen pork cut imports fell rapidly to $10M in 2022. In general, imports faced a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, imports attained the peak of $30M, and then contracted sharply in the following year.
| Import of Frozen Pork Cut in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 13.8 | 12.8 | 15.0 | 7.7 | -17.7% |
| Canada | 1.1 | 0.9 | 0.3 | 1.0 | -3.1% |
| United States | 3.9 | 2.9 | 0.3 | 0.4 | -53.2% |
| Germany | 0.2 | 2.3 | 11.9 | 0.4 | 26.0% |
| Netherlands | 0.7 | 1.2 | 1.8 | 0.2 | -34.1% |
| Others | 0.9 | 0.4 | 0.4 | 0.6 | -12.6% |
| Total | 20.7 | 20.5 | 29.7 | 10.3 | -20.8% |
Top Suppliers of Frozen Pork Cut to Hong Kong SAR in 2022:
- Brazil (4437.9 tons)
- Canada (749.7 tons)
- Germany (237.6 tons)
- United States (188.7 tons)
- Netherlands (133.7 tons)
Frozen Pork Cut Exports in Hong Kong SAR
In 2022, shipments abroad of frozen hams, shoulders and cuts of pig meat was finally on the rise to reach 2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a dramatic shrinkage.
In value terms, frozen pork cut exports reduced to $3.5M in 2022. In general, exports, however, showed a deep downturn. The smallest decline of -5% was in 2021.
| Export of Frozen Pork Cut in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 6.5 | 4.0 | 3.8 | 3.5 | -18.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.5 | 4.0 | 3.8 | 3.5 | -18.6% |
Top Export Markets for Frozen Pork Cut from Hong Kong SAR in 2022:
- Macao SAR (2.0K tons)
This report provides an in-depth analysis of the frozen pork cut 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 10113250 - Frozen hams, shoulders and cuts with bone in, of pig meat
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
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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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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