Hong Kong SAR, China - Fresh Or Chilled Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fresh Pork Other than Cuts or Carcases in Hong Kong SAR - 2023
Contents:
- Price for Fresh Pork Other than Cuts or Carcases in Hong Kong SAR (CIF) - 2023
- Price for Fresh Pork Other than Cuts or Carcases in Hong Kong SAR (FOB) - 2022
- Imports of Fresh Pork Other than Cuts or Carcases in Hong Kong SAR
- Exports of Fresh Pork Other than Cuts or Carcases in Hong Kong SAR
Price for Fresh Pork Other than Cuts or Carcases in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for fresh or chilled pig meat other than cuts or carcases amounted to $4,281 per ton, dropping by -4.9% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 22% against the previous month. Over the period under review, average import prices hit record highs at $6,819 per ton in August 2023; however, from September 2023 to October 2023, import prices remained at a 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 Australia ($9,824 per ton), while the price for China ($3,923 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 Australia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh Pork Other than Cuts or Carcases in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for fresh or chilled pig meat other than cuts or carcases amounted to $3,804 per ton, declining by -39.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 76% against the previous year. As a result, the export price attained the peak level of $7,875 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
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 Macao SAR amounted to -4.6% per year.
Imports of Fresh Pork Other than Cuts or Carcases in Hong Kong SAR
Imports of fresh or chilled pig meat other than cuts or carcases into Hong Kong SAR rose remarkably to 21K tons in 2022, increasing by 14% against the previous year's figure. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 74% against the previous year. As a result, imports reached the peak of 23K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fresh or chilled pig meat other than cuts or carcases fell slightly to $94M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 99%. As a result, imports reached the peak of $119M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fresh Pork Other than Cuts or Carcases in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.6 | 11.9 | 38.7 | 79.6 | 34.7% |
| Australia | 4.7 | 16.9 | 9.6 | 4.5 | -1.4% |
| Canada | 3.4 | 4.0 | 3.7 | 4.0 | 5.6% |
| Thailand | 14.1 | 74.5 | 33.0 | 2.7 | -42.4% |
| Netherlands | 1.0 | 5.6 | 4.9 | 0.5 | -20.6% |
| Spain | 1.6 | 1.2 | 1.1 | 0.1 | -60.3% |
| Others | 2.6 | 5.3 | 4.8 | 2.6 | 0.0% |
| Total | 60.0 | 119 | 95.7 | 94.0 | 16.1% |
Top Suppliers of Fresh Pork Other than Cuts or Carcases to Hong Kong SAR in 2022:
- China (18.7K tons)
- Australia (0.6K tons)
- Canada (0.4K tons)
- Thailand (0.4K tons)
- Netherlands (0.1K tons)
Exports of Fresh Pork Other than Cuts or Carcases in Hong Kong SAR
Exports of fresh or chilled pig meat other than cuts or carcases from Hong Kong SAR reduced to 10 tons in 2022, shrinking by -11.2% against 2021 figures. Overall, exports faced a sharp reduction.
In value terms, exports of fresh or chilled pig meat other than cuts or carcases shrank sharply to $39K in 2022. In general, exports faced a dramatic slump. The smallest decline of -10.5% was in 2020.
| Export of Fresh Pork Other than Cuts or Carcases in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 294 | 280 | 72.8 | 38.9 | -49.0% |
| Taiwan (Chinese) | 16.5 | N/A | N/A | N/A | 0% |
| Others | 2.3 | N/A | N/A | N/A | 0% |
| Total | 313 | 280 | 72.8 | 38.9 | -50.1% |
Top Export Markets for Fresh Pork Other than Cuts or Carcases from Hong Kong SAR in 2022:
- Macao SAR (10.2 tons)
This report provides an in-depth analysis of the market for fresh pork other than cuts or carcases 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 10111290 - Fresh or chilled pig meat (including fresh meat packed with salt as a temporary preservative, excluding carcases and halfcarcases, h ams, shoulders and cuts thereof with bone in)
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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