Hong Kong SAR, China - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGoat Meat Price in Hong Kong SAR - 2023
Contents:
- Goat Meat Price in Hong Kong SAR (CIF) - 2023
- Goat Meat Price in Hong Kong SAR (FOB) - 2022
- Goat Meat Imports in Hong Kong SAR
- Goat Meat Exports in Hong Kong SAR
Goat Meat Price in Hong Kong SAR (CIF) - 2023
The average goat meat import price stood at $11,557 per ton in June 2023, with a decrease of -7.4% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in July 2022 an increase of 31% m-o-m. The import price peaked at $12,482 per ton in May 2023, and then declined in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Australia ($12,868 per ton), while the price for China totaled $11,551 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Australia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Goat Meat Price in Hong Kong SAR (FOB) - 2022
In 2022, the average goat meat export price amounted to $9,958 per ton, growing by 26% against the previous year. Overall, the export price continues to indicate temperate growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +15.0% per year.
Goat Meat Imports in Hong Kong SAR
In 2022, supplies from abroad of goat meat decreased by -2.2% to 828 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year.
In value terms, goat meat imports contracted modestly to $9M in 2022. The total import value increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year.
| Import of Goat Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.8 | 7.5 | 8.3 | 7.9 | 10.8% |
| Australia | 0.5 | 0.4 | 0.6 | 0.8 | 17.0% |
| Mongolia | N/A | N/A | N/A | 0.1 | 0% |
| Vietnam | N/A | N/A | N/A | 0.1 | 0% |
| Argentina | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | N/A | 0.3 | 0.2 | N/A | -33.3% |
| Total | 6.4 | 8.2 | 9.1 | 9.0 | 12.0% |
Top Suppliers of Goat Meat to Hong Kong SAR in 2022:
- China (649.1 tons)
- Australia (95.0 tons)
- Mongolia (37.0 tons)
- Vietnam (29.4 tons)
- Argentina (17.3 tons)
Goat Meat Exports in Hong Kong SAR
In 2022, shipments abroad of goat meat decreased by -58.5% to 8.6 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 278%. As a result, the exports reached the peak of 99 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, goat meat exports fell significantly to $86K in 2022. Overall, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 94%. As a result, the exports attained the peak of $413K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Goat Meat in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 213 | 225 | 165 | 86.0 | -26.1% |
| Vietnam | N/A | 188 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 213 | 413 | 165 | 86.0 | -26.1% |
Top Export Markets for Goat Meat from Hong Kong SAR in 2022:
- Macao SAR (8.6 tons)
This report provides an in-depth analysis of the goat meat 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:
- FCL 1017 - Goat 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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