Hong Kong SAR, China - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPork Price in Hong Kong SAR - 2023
Contents:
- Pork Price in Hong Kong SAR (CIF) - 2023
- Pork Price in Hong Kong SAR (FOB) - 2023
- Pork Imports in Hong Kong SAR
- Pork Exports in Hong Kong SAR
Pork Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average pork import price amounted to $3,432 per ton, which is down by -6.1% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 10% month-to-month. Over the period under review, average import prices reached the maximum at $3,835 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($8,528 per ton), while the price for Poland ($2,298 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 Spain (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Pork Price in Hong Kong SAR (FOB) - 2023
The average pork export price stood at $3,366 per ton in September 2023, almost unchanged from the previous month. Over the period under review, export price indicated a pronounced expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, pork export price increased by +13.7% against May 2023 indices. The growth pace was the most rapid in December 2022 an increase of 31% month-to-month. Over the period under review, the average export prices reached the peak figure at $3,371 per ton in August 2023, and then reduced modestly in the following month.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Macao SAR ($3,484 per ton), while the average price for exports to Malaysia ($1,136 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Pork Imports in Hong Kong SAR
In 2022, purchases abroad of pork decreased by -28.1% to 176K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 13% against the previous year.
In value terms, pork imports contracted markedly to $616M in 2022. The total import value increased at an average annual rate of +1.3% over the period 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 when imports increased by 29% against the previous year.
| Import of Pork in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 222 | 280 | 281 | 197 | -3.9% |
| China | 126 | 81.6 | 120 | 171 | 10.7% |
| Netherlands | 53.0 | 55.8 | 62.3 | 56.1 | 1.9% |
| Vietnam | 53.6 | 27.7 | 39.6 | 42.7 | -7.3% |
| Spain | 22.5 | 41.1 | 37.9 | 36.0 | 17.0% |
| Poland | 16.8 | 33.0 | 40.6 | 28.8 | 19.7% |
| United States | 29.9 | 34.0 | 21.8 | 17.0 | -17.2% |
| Germany | 6.2 | 25.2 | 70.2 | 13.3 | 29.0% |
| Thailand | 17.5 | 104 | 62.5 | 5.8 | -30.8% |
| Others | 45.7 | 81.8 | 72.5 | 48.2 | 1.8% |
| Total | 593 | 764 | 809 | 616 | 1.3% |
Top Suppliers of Pork to Hong Kong SAR in 2022:
- Brazil (84.8K tons)
- China (34.1K tons)
- Netherlands (16.2K tons)
- Poland (9.0K tons)
- Vietnam (7.1K tons)
- Germany (5.4K tons)
- Spain (5.2K tons)
- United States (2.9K tons)
- Thailand (1.2K tons)
Pork Exports in Hong Kong SAR
In 2022, the amount of pork exported from Hong Kong SAR expanded rapidly to 24K tons, picking up by 5.4% on 2021. Over the period under review, exports, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year.
In value terms, pork exports dropped to $55M in 2022. In general, exports, however, continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year.
| Export of Pork in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 53.0 | 51.0 | 51.7 | 43.0 | -6.7% |
| Taiwan (Chinese) | 3.3 | 2.5 | 2.5 | 7.1 | 29.1% |
| Thailand | N/A | N/A | 0.1 | 2.4 | 2300.0% |
| Cambodia | N/A | N/A | 1.1 | 0.8 | -27.3% |
| South Korea | 6.3 | 0.6 | 0.5 | 0.6 | -54.3% |
| Others | 1.3 | 0.3 | 4.2 | 1.1 | -5.4% |
| Total | 63.9 | 54.4 | 60.1 | 54.9 | -4.9% |
Top Export Markets for Pork from Hong Kong SAR in 2022:
- Macao SAR (15.3K tons)
- Taiwan (Chinese) (5.4K tons)
- Thailand (1.7K tons)
- Cambodia (0.4K tons)
- South Korea (0.4K tons)
This report provides an in-depth analysis of the pork 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 1035 - 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
-
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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