Hong Kong SAR, China - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lamb and Sheep Meat in Hong Kong SAR - 2023
Contents:
- Price for Lamb and Sheep Meat in Hong Kong SAR (CIF) - 2023
- Price for Lamb and Sheep Meat in Hong Kong SAR (FOB) - 2023
- Imports of Lamb and Sheep Meat in Hong Kong SAR
- Exports of Lamb and Sheep Meat in Hong Kong SAR
Price for Lamb and Sheep Meat in Hong Kong SAR (CIF) - 2023
In June 2023, the average lamb and sheep meat import price amounted to $10,408 per ton, falling by -19.7% against the previous month. In general, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in April 2023 when the average import price increased by 18% month-to-month. Over the period under review, average import prices attained the peak figure at $16,159 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was New Zealand ($12,500 per ton), while the price for the UK ($5,295 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 Australia (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Lamb and Sheep Meat in Hong Kong SAR (FOB) - 2023
In June 2023, the average lamb and sheep meat export price amounted to $12,880 per ton, shrinking by -17.8% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 337% m-o-m. The export price peaked at $16,033 per ton in September 2022; however, from October 2022 to June 2023, the 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 June 2022 to June 2023, the rate of growth in terms of prices for Malaysia amounted to 0.0% per month.
Imports of Lamb and Sheep Meat in Hong Kong SAR
In 2022, lamb and sheep meat imports into Hong Kong SAR declined notably to 4K tons, waning by -56.8% compared with the previous year's figure. Over the period under review, imports faced a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 5.9% against the previous year. As a result, imports reached the peak of 9.2K tons, and then dropped sharply in the following year.
In value terms, lamb and sheep meat imports shrank significantly to $47M in 2022. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, imports attained the peak of $67M, and then declined dramatically in the following year.
| Import of Lamb and Sheep Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 25.1 | 29.0 | 26.5 | 24.8 | -0.4% |
| Australia | 15.8 | 16.7 | 24.5 | 10.9 | -11.6% |
| China | 10.9 | 6.9 | 10.5 | 6.6 | -15.4% |
| United Kingdom | 3.2 | 3.6 | 3.8 | 2.3 | -10.4% |
| Russia | N/A | N/A | N/A | 0.6 | 0% |
| Ireland | 2.3 | 1.0 | 0.3 | 0.5 | -39.9% |
| Others | 1.8 | 1.5 | 1.1 | 0.9 | -20.6% |
| Total | 59.1 | 58.6 | 66.7 | 46.5 | -7.7% |
Top Suppliers of Lamb and Sheep Meat to Hong Kong SAR in 2022:
- New Zealand (1562.0 tons)
- Australia (1261.7 tons)
- China (550.7 tons)
- United Kingdom (297.4 tons)
- Russia (122.1 tons)
- Ireland (73.0 tons)
Exports of Lamb and Sheep Meat in Hong Kong SAR
In 2022, approx. 422 tons of lamb and sheep meat were exported from Hong Kong SAR; surging by 4.1% on the previous year. Overall, exports, however, continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 25%.
In value terms, lamb and sheep meat exports fell to $3.2M in 2022. Over the period under review, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 25%.
| Export of Lamb and Sheep Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 4.8 | 2.8 | 3.5 | 2.9 | -15.5% |
| South Korea | N/A | N/A | N/A | 0.2 | 0% |
| Malaysia | N/A | N/A | N/A | 0.1 | 0% |
| Vietnam | 0.9 | 0.1 | 0.2 | N/A | -52.9% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 5.7 | 3.0 | 3.7 | 3.2 | -17.5% |
Top Export Markets for Lamb and Sheep Meat from Hong Kong SAR in 2022:
- Macao SAR (295.1 tons)
- South Korea (79.0 tons)
- Malaysia (25.2 tons)
- Taiwan (Chinese) (22.4 tons)
This report provides an in-depth analysis of the market for lamb and sheep meat 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:
- FCL 977 - Meat of sheep
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
- 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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