Report Update: Apr 1, 2024

Hong Kong SAR, China - Frozen Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Frozen Turkey Cut Price in Hong Kong SAR - 2023

Frozen Turkey Cut Price in Hong Kong SAR (CIF) - 2023

In August 2023, the average frozen turkey cut import price amounted to $1,945 per ton, dropping by -18.3% against the previous month. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in October 2022 an increase of 50% against the previous month. The import price peaked at $4,600 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,111 per ton), while the price for Poland ($1,256 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Frozen Turkey Cut Price in Hong Kong SAR (FOB) - 2023

The average frozen turkey cut export price stood at $1,231 per ton in August 2023, reducing by -51.7% against the previous month. Over the period under review, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in March 2023 when the average export price increased by 278% month-to-month. As a result, the export price reached the peak level of $8,176 per ton. From April 2023 to August 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($5,309 per ton), while the average price for exports to Taiwan (Chinese) ($934 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Turkey Cut Imports in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of frozen turkey cuts, which decreased by -50.2% to 1.1K tons in 2022. In general, imports continue to indicate a sharp reduction. The smallest decline of -40.7% was in 2020.

In value terms, frozen turkey cut imports declined markedly to $3.3M in 2022. Overall, imports showed a sharp reduction.

Import of Frozen Turkey Cut in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	0.8	1.0	1.0	1.2	14.5%
United States	10.5	4.4	2.9	1.0	-54.3%
Russia	0.1	N/A	N/A	0.6	81.7%
Poland	1.1	0.6	0.2	0.3	-35.2%
Canada	N/A	N/A	N/A	0.1	0%
Chile	0.5	0.1	N/A	0.1	-41.5%
Spain	0.3	0.3	N/A	N/A	0.0%
Germany	1.9	1.5	0.2	N/A	-67.6%
Netherlands	1.1	0.5	0.5	N/A	-32.6%
Turkey	0.5	N/A	N/A	N/A	0%
Others	0.3	0.9	0.5	0.1	-30.7%
Total	16.9	9.3	5.4	3.3	-42.0%

Top Suppliers of Frozen Turkey Cut to Hong Kong SAR in 2022:

Brazil (396.5 tons)
United States (238.1 tons)
Poland (152.6 tons)
Russia (137.4 tons)
Canada (54.0 tons)
Chile (48.0 tons)
Turkey (25.1 tons)
Germany (25.0 tons)

Frozen Turkey Cut Exports in Hong Kong SAR

In 2022, frozen turkey cut exports from Hong Kong SAR soared to 427 tons, picking up by 22% on the previous year. Over the period under review, exports, however, saw a sharp downturn.

In value terms, frozen turkey cut exports soared to $763K in 2022. Overall, exports, however, showed a precipitous setback.

Export of Frozen Turkey Cut in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	1,246	76.3	116	367	-33.5%
Macao SAR	473	370	455	321	-12.1%
Vietnam	220	N/A	N/A	75.0	-30.1%
South Korea	1,670	N/A	N/A	N/A	0%
Others	59.6	N/A	N/A	N/A	0%
Total	3,668	446	571	763	-40.7%

Top Export Markets for Frozen Turkey Cut from Hong Kong SAR in 2022:

Taiwan (Chinese) (221.5 tons)
Macao SAR (152.7 tons)
Vietnam (52.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the frozen turkey 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 10122055 - Frozen cuts of turkey

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