Hong Kong SAR, China - Beef And Veal (Salted, In Brine, Dried Or Smoked) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Beef Price in Hong Kong SAR - 2023
Contents:
- Preserved Beef Price in Hong Kong SAR (CIF) - 2023
- Preserved Beef Price in Hong Kong SAR (FOB) - 2022
- Preserved Beef Imports in Hong Kong SAR
- Preserved Beef Exports in Hong Kong SAR
Preserved Beef Price in Hong Kong SAR (CIF) - 2023
The average preserved beef import price stood at $5,564 per ton in June 2023, picking up by 9% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 20% against the previous month. The import price peaked at $6,355 per ton in August 2022; however, from September 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($7,848 per ton), while the price for Bangladesh ($574 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Beef Price in Hong Kong SAR (FOB) - 2022
The average preserved beef export price stood at $6,212 per ton in 2022, increasing by 76% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The export price peaked at $17,690 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($9,910 per ton), while the average price for exports to Vietnam totaled $3,340 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-4.6%).
Preserved Beef Imports in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in supplies from abroad of beef and veal (salted, in brine, dried or smoked), which increased by 145% to 17K tons in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 805%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, preserved beef imports soared to $88M in 2022. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 393% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Preserved Beef in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 4.6 | 3.4 | 20.5 | 111.1% |
| India | N/A | 2.9 | 17.3 | 15.3 | 129.7% |
| Turkey | N/A | N/A | 1.8 | 13.1 | 627.8% |
| Pakistan | 0.1 | 2.8 | 5.7 | 8.5 | 339.7% |
| United Arab Emirates | N/A | N/A | N/A | 8.3 | 0% |
| Bangladesh | N/A | N/A | 0.9 | 3.1 | 244.4% |
| Netherlands | N/A | N/A | 0.3 | 2.8 | 833.3% |
| Poland | N/A | N/A | 0.3 | 2.6 | 766.7% |
| Egypt | N/A | 0.2 | 0.2 | 2.5 | 253.6% |
| Russia | N/A | N/A | 0.3 | 2.3 | 666.7% |
| Georgia | N/A | N/A | 0.7 | 1.5 | 114.3% |
| Others | 2.3 | 1.3 | 4.6 | 7.8 | 50.2% |
| Total | 2.4 | 11.7 | 35.5 | 88.1 | 232.3% |
Top Suppliers of Preserved Beef to Hong Kong SAR in 2022:
- Vietnam (4.6K tons)
- India (3.5K tons)
- Pakistan (2.1K tons)
- Turkey (2.0K tons)
- United Arab Emirates (1.1K tons)
- Bangladesh (0.6K tons)
- Egypt (0.6K tons)
- Netherlands (0.4K tons)
- Russia (0.4K tons)
- Georgia (0.3K tons)
- Poland (0.3K tons)
Preserved Beef Exports in Hong Kong SAR
In 2022, preserved beef exports from Hong Kong SAR surged to 1.9K tons, rising by 338% against 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 85,201% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, preserved beef exports skyrocketed to $12M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 16,935% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Preserved Beef in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 8.4 | 0% |
| Vietnam | N/A | N/A | 1.5 | 3.6 | 140.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | N/A | 1.6 | 12.0 | 650.0% |
Top Export Markets for Preserved Beef from Hong Kong SAR in 2022:
- Vietnam (1091.5 tons)
- South Korea (845.7 tons)
This report provides an in-depth analysis of the preserved beef 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 10131200 - Beef and veal salted, in brine, dried or smoked
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
280
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In March 2023, the growth rate was exceptionally high, with imports of Preserved Beef increasing by 140% month-on-month. The value of these imports reached $3.8M in October 2023.
393
In October 2022, the price of preserved beef amounted to $4,610 per ton (CIF, Hong Kong SAR, China), a decrease of 20% compared to the month before.
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