Price for Cattle; Live, Pure-Bred Breeding Animals in Hong Kong SAR - 2022
Contents:
- Price for Cattle; Live, Pure-Bred Breeding Animals in Hong Kong SAR (CIF) - 2022
- Imports of Cattle; Live, Pure-Bred Breeding Animals in Hong Kong SAR
Price for Cattle; Live, Pure-Bred Breeding Animals in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for cattle; live, pure-bred breeding animalses amounted to $2,034 per unit, picking up by 79% against the previous year. Overall, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 80% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($2,599 per unit), while the price for the UK totaled $336 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.0%).
Imports of Cattle; Live, Pure-Bred Breeding Animals in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of cattle; live, pure-bred breeding animalses, when their volume decreased by -63.6% to 4 units. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 450%. As a result, imports reached the peak of 11 units, and then dropped significantly in the following year.
In value terms, cattle; live, pure-bred breeding animals imports shrank markedly to $8.1K in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 230%. Over the period under review, imports reached the maximum at $12K in 2021, and then contracted notably in the following year.
| Import of Cattle; Live, Pure-Bred Breeding Animals in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 7.8 | 0% |
| United Kingdom | 1.1 | 3.8 | 12.5 | 0.3 | -35.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 3.8 | 12.5 | 8.1 | 94.5% |
Top Suppliers of Cattle; Live, Pure-Bred Breeding Animals to Hong Kong SAR in 2022:
- Australia (3.0 units)
- United Kingdom (1.0 units)
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