Hong Kong SAR, China - Frozen Whole Chickens - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Whole Chicken Price in Hong Kong SAR - 2023
Contents:
- Frozen Whole Chicken Price in Hong Kong SAR (CIF) - 2023
- Frozen Whole Chicken Price in Hong Kong SAR (FOB) - 2023
- Frozen Whole Chicken Imports in Hong Kong SAR
- Frozen Whole Chicken Exports in Hong Kong SAR
Frozen Whole Chicken Price in Hong Kong SAR (CIF) - 2023
The average frozen whole chicken import price stood at $2,370 per ton in September 2023, declining by -17.3% against the previous month. In general, the import price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 37% against the previous month. The import price peaked at $3,543 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($8,229 per ton), while the price for Brazil ($1,749 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Chicken Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average frozen whole chicken export price amounted to $2,714 per ton, with an increase of 28% against the previous month. Overall, the export price, however, saw a slight slump. Over the period under review, the average export prices reached the maximum at $4,277 per ton in October 2022; however, from November 2022 to September 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From September 2022 to September 2023, the rate of growth in terms of prices for Malaysia amounted to 0.0% per month.
Frozen Whole Chicken Imports in Hong Kong SAR
In 2022, purchases abroad of frozen whole chickens decreased by -41.8% to 6.3K tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 45% against the previous year. As a result, imports attained the peak of 16K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, frozen whole chicken imports fell rapidly to $18M in 2022. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 27% against the previous year. As a result, imports attained the peak of $32M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Frozen Whole Chicken in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.9 | 16.3 | 8.0 | 7.2 | -17.7% |
| Brazil | 4.6 | 3.9 | 7.0 | 3.2 | -11.4% |
| France | 4.0 | 5.8 | 3.1 | 2.7 | -12.3% |
| Spain | 0.3 | 0.2 | 1.1 | 0.9 | 44.2% |
| Denmark | N/A | 0.1 | 0.3 | 0.6 | 144.9% |
| Thailand | N/A | N/A | N/A | 0.5 | 0% |
| Argentina | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Others | 2.7 | 5.1 | 3.6 | 2.8 | 1.2% |
| Total | 25.0 | 31.6 | 23.5 | 18.3 | -9.9% |
Top Suppliers of Frozen Whole Chicken to Hong Kong SAR in 2022:
- China (2598.7 tons)
- Brazil (1997.9 tons)
- France (656.2 tons)
- Denmark (179.8 tons)
- Spain (162.1 tons)
- Thailand (146.6 tons)
- Argentina (134.1 tons)
Frozen Whole Chicken Exports in Hong Kong SAR
Frozen whole chicken exports from Hong Kong SAR dropped remarkably to 406 tons in 2022, with a decrease of -41.2% compared with the previous year's figure. In general, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 10%.
In value terms, frozen whole chicken exports declined rapidly to $1.1M in 2022. Overall, exports showed a dramatic slump. The smallest decline of -7.8% was in 2021.
| Export of Frozen Whole Chicken in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 1.4 | 1.4 | 1.3 | 1.1 | -7.7% |
| South Korea | 1.2 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.8 | 1.4 | 1.3 | 1.1 | -26.8% |
Top Export Markets for Frozen Whole Chicken from Hong Kong SAR in 2022:
- Macao SAR (405.9 tons)
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.
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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
- 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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