Hong Kong SAR, China - Frozen Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Frozen Pig Meat Other than Cuts or Carcases in Hong Kong SAR - 2023
Contents:
- Price for Frozen Pig Meat Other than Cuts or Carcases in Hong Kong SAR (CIF) - 2023
- Price for Frozen Pig Meat Other than Cuts or Carcases in Hong Kong SAR (FOB) - 2023
- Imports of Frozen Pig Meat Other than Cuts or Carcases in Hong Kong SAR
- Exports of Frozen Pig Meat Other than Cuts or Carcases in Hong Kong SAR
Price for Frozen Pig Meat Other than Cuts or Carcases in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for frozen pig meat other than cuts or carcases amounted to $3,207 per ton, almost unchanged from the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 9% month-to-month. Over the period under review, average import prices reached the maximum at $3,674 per ton in December 2022; however, from January 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($8,043 per ton), while the price for Brazil ($2,494 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 Spain (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Pig Meat Other than Cuts or Carcases in Hong Kong SAR (FOB) - 2023
In October 2023, the average export price for frozen pig meat other than cuts or carcases amounted to $3,111 per ton, reducing by -4.6% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 35% against the previous month. The export price peaked at $3,260 per ton in September 2023, and then contracted in the following month.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Macao SAR ($3,209 per ton), while the average price for exports to Malaysia ($817 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Pig Meat Other than Cuts or Carcases in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of frozen pig meat other than cuts or carcases, when their volume decreased by -26.5% to 140K tons. Over the period under review, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 11% against the previous year.
In value terms, imports of frozen pig meat other than cuts or carcases fell markedly to $461M in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 24% against the previous year.
| Import of Frozen Pig Meat Other than Cuts or Carcases in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 203 | 263 | 263 | 190 | -2.2% |
| China | 86.2 | 64.5 | 70.8 | 86.8 | 0.2% |
| Netherlands | 51.3 | 48.8 | 55.5 | 55.5 | 2.7% |
| Spain | 19.8 | 39.2 | 36.2 | 35.4 | 21.4% |
| Poland | 16.8 | 33.0 | 40.5 | 28.7 | 19.5% |
| United States | 24.6 | 25.8 | 19.8 | 15.1 | -15.0% |
| Germany | 5.9 | 22.9 | 58.3 | 12.9 | 29.8% |
| Others | 40.0 | 58.7 | 52.3 | 36.6 | -2.9% |
| Total | 448 | 556 | 596 | 461 | 1.0% |
Top Suppliers of Frozen Pig Meat Other than Cuts or Carcases to Hong Kong SAR in 2022:
- Brazil (80.3K tons)
- Netherlands (15.9K tons)
- China (14.1K tons)
- Poland (9.0K tons)
- Germany (5.2K tons)
- Spain (5.2K tons)
- United States (2.5K tons)
Exports of Frozen Pig Meat Other than Cuts or Carcases in Hong Kong SAR
In 2022, exports of frozen pig meat other than cuts or carcases from Hong Kong SAR rose sharply to 21K tons, surging by 5.6% compared with the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year.
In value terms, exports of frozen pig meat other than cuts or carcases shrank to $47M in 2022. In general, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 10%.
| Export of Frozen Pig Meat Other than Cuts or Carcases in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 40.6 | 42.3 | 41.9 | 34.8 | -5.0% |
| Taiwan (Chinese) | 3.2 | 2.5 | 2.5 | 7.1 | 30.4% |
| Thailand | N/A | N/A | 0.1 | 2.4 | 2300.0% |
| Cambodia | N/A | N/A | 1.1 | 0.8 | -27.3% |
| South Korea | 6.3 | 0.6 | 0.5 | 0.6 | -54.3% |
| Malaysia | 0.1 | 0.1 | 2.1 | 0.5 | 71.0% |
| Others | 1.1 | 0.2 | 2.2 | 0.6 | -18.3% |
| Total | 51.3 | 45.8 | 50.3 | 46.7 | -3.1% |
Top Export Markets for Frozen Pig Meat Other than Cuts or Carcases from Hong Kong SAR in 2022:
- Macao SAR (12.6K tons)
- Taiwan (Chinese) (5.4K tons)
- Thailand (1.7K tons)
- Cambodia (0.4K tons)
- South Korea (0.4K tons)
- Malaysia (0.3K tons)
This report provides an in-depth analysis of the market for frozen pig meat 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 10113290 - Frozen pig meat (excluding carcases and half-carcases, 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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