Hong Kong SAR, China - Lard - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLard Price in Hong Kong SAR - 2023
Contents:
- Lard Price in Hong Kong SAR (CIF) - 2023
- Lard Price in Hong Kong SAR (FOB) - 2022
- Lard Imports in Hong Kong SAR
- Lard Exports in Hong Kong SAR
Lard Price in Hong Kong SAR (CIF) - 2023
In October 2023, the average lard import price amounted to $2,131 per ton, waning by -7.9% against the previous month. Over the period under review, the import price recorded a mild slump. The pace of growth was the most pronounced in April 2023 an increase of 3.3% against the previous month. The import price peaked at $2,588 per ton in January 2023; however, from February 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($6,334 per ton), while the price for China ($1,893 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Japan (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Lard Price in Hong Kong SAR (FOB) - 2022
In 2022, the average lard export price amounted to $2,283 per ton, with a decrease of -12.9% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2015 an increase of 91%. The export price peaked at $2,621 per ton in 2021, and then dropped in the following year.
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 China amounted to +12.7% per year.
Lard Imports in Hong Kong SAR
In 2022, imports of lard into Hong Kong SAR reduced notably to 2.9K tons, with a decrease of -19% compared with 2021. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 48%.
In value terms, lard imports soared to $6.7M in 2022. Overall, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 68%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Lard in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.7 | 2.2 | 3.6 | 4.2 | 4.3% |
| Canada | 1.2 | 1.0 | 1.6 | 1.8 | 14.5% |
| Belgium | N/A | N/A | 0.1 | 0.2 | 100.0% |
| China | 0.9 | N/A | N/A | 0.1 | -51.9% |
| Spain | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Others | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Total | 6.3 | 3.4 | 5.7 | 6.7 | 2.1% |
Top Suppliers of Lard to Hong Kong SAR in 2022:
- Netherlands (1854.0 tons)
- Canada (818.3 tons)
- Belgium (99.4 tons)
- Spain (62.7 tons)
- China (52.0 tons)
Lard Exports in Hong Kong SAR
In 2022, overseas shipments of lard decreased by -87.3% to 259 tons, falling for the second consecutive year after two years of growth. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 449% against the previous year. As a result, the exports reached the peak of 2.5K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, lard exports shrank notably to $592K in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 740%. As a result, the exports reached the peak of $5.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Lard in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 0.7 | 0.3 | 0.6 | 0.6 | -5.0% |
| Philippines | N/A | 5.5 | 4.7 | N/A | -14.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.7 | 5.9 | 5.4 | 0.6 | -5.0% |
Top Export Markets for Lard from Hong Kong SAR in 2022:
- Macao SAR (259.5 tons)
This report provides an in-depth analysis of the lard 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 1043 - Lard
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
- 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 VOLUME AND VALUE
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
- 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
- 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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Imports of Lard experienced a decline from April 2023 to October 2023, with a notable decrease in value to $491K in October 2023.
691
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4031
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
3890
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2267
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
212
Imports of Lard experienced a decline from April 2023 to October 2023, with a notable decrease in value to $491K in October 2023.
691
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4031
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
3890
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2267
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
