Hong Kong SAR, China - Prepared Or Preserved Hams And Cuts Of Swine Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Swine Meat Price in Hong Kong SAR - 2023
Contents:
- Preserved Swine Meat Price in Hong Kong SAR (CIF) - 2023
- Preserved Swine Meat Price in Hong Kong SAR (FOB) - 2023
- Preserved Swine Meat Imports in Hong Kong SAR
- Preserved Swine Meat Exports in Hong Kong SAR
Preserved Swine Meat Price in Hong Kong SAR (CIF) - 2023
The average preserved swine meat import price stood at $4,963 per ton in June 2023, which is down by -4.1% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 8.8% against the previous month. The import price peaked at $5,388 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($14,121 per ton), while the price for China ($4,179 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 Italy (+0.8%), while the prices for the other major suppliers experienced a decline.
Preserved Swine Meat Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average preserved swine meat export price amounted to $6,187 per ton, declining by -8.4% against the previous month. Overall, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in November 2022 an increase of 16% m-o-m. As a result, the export price reached the peak level of $7,908 per ton. From December 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From June 2022 to June 2023, the rate of growth in terms of prices for Macao SAR amounted to -1.2% per month.
Preserved Swine Meat Imports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of prepared or preserved hams and cuts of swine meat, which decreased by -5.5% to 8.9K tons in 2022. In general, imports recorded a noticeable shrinkage. The smallest decline of -1.3% was in 2020.
In value terms, preserved swine meat imports dropped to $45M in 2022. Overall, imports continue to indicate a mild decrease. The growth pace was the most rapid in 2020 with an increase of 11%. As a result, imports reached the peak of $51M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Preserved Swine Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.3 | 37.0 | 35.9 | 33.9 | -0.4% |
| Italy | 2.1 | 2.0 | 2.4 | 2.0 | -1.6% |
| Spain | 2.4 | 2.8 | 2.3 | 1.9 | -7.5% |
| United States | 1.9 | 2.6 | 2.2 | 0.8 | -25.0% |
| South Korea | 0.6 | 1.1 | 0.6 | 0.6 | 0.0% |
| Others | 5.0 | 5.8 | 5.0 | 5.4 | 2.6% |
| Total | 46.2 | 51.4 | 48.5 | 44.5 | -1.2% |
Top Suppliers of Preserved Swine Meat to Hong Kong SAR in 2022:
- China (7.9K tons)
- Italy (0.2K tons)
- United States (0.1K tons)
- South Korea (0.1K tons)
- Spain (0.1K tons)
Preserved Swine Meat Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of prepared or preserved hams and cuts of swine meat, which decreased by -16.9% to 247 tons in 2022. Overall, exports showed a deep downturn. The smallest decline of -2.8% was in 2021.
In value terms, preserved swine meat exports contracted to $1.6M in 2022. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 2.7%.
| Export of Preserved Swine Meat in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 2,065 | 1,706 | 1,745 | 1,579 | -8.6% |
| China | 45.2 | 36.4 | 42.4 | 7.5 | -45.0% |
| Others | 3.8 | 1.3 | 2.5 | 4.0 | 1.7% |
| Total | 2,114 | 1,743 | 1,790 | 1,590 | -9.1% |
Top Export Markets for Preserved Swine Meat from Hong Kong SAR in 2022:
- Macao SAR (244.3 tons)
- China (1.9 tons)
This report provides an in-depth analysis of the preserved swine 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:
- Prodcom 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)
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
- 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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