Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Hong Kong SAR - 2022
Contents:
- Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Hong Kong SAR (CIF) - 2022
- Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Hong Kong SAR
Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for frozen carcasses and half-carcasses of bovine meat amounted to $5,473 per ton, rising by 45% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $6,863 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($7,309 per ton), while the price for Malaysia ($1,494 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Hong Kong SAR
In 2022, overseas purchases of frozen carcasses and half-carcasses of bovine meat were finally on the rise to reach 157 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a abrupt shrinkage.
In value terms, imports of frozen carcasses and half-carcasses of bovine meat skyrocketed to $861K in 2022. Overall, imports, however, continue to indicate a perceptible slump.
| Import of Frozen Carcasses and Half-Carcasses of Bovine Meat in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 99.4 | 52.5 | 155 | 204 | 27.1% |
| United States | 32.2 | 147 | 96.9 | 72.6 | 31.1% |
| South Africa | N/A | N/A | N/A | 67.6 | 0% |
| Italy | 13.7 | 70.8 | 52.6 | 44.5 | 48.1% |
| Netherlands | 1.0 | 36.9 | 45.2 | 33.6 | 222.7% |
| Malaysia | N/A | N/A | N/A | 15.8 | 0% |
| Australia | 3.3 | 16.5 | 12.0 | 10.0 | 44.7% |
| Kenya | N/A | 45.2 | N/A | N/A | 0% |
| Others | 833 | -39.9 | -56.2 | 413 | -20.9% |
| Total | 982 | 329 | 306 | 861 | -4.3% |
Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Hong Kong SAR in 2022:
- United Kingdom (36.7 tons)
- United States (24.6 tons)
- Malaysia (10.6 tons)
- South Africa (9.2 tons)
- Italy (7.2 tons)
- Netherlands (6.3 tons)
- Australia (5.6 tons)
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