Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Hong Kong SAR - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Hong Kong SAR (CIF) - 2023
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Hong Kong SAR (FOB) - 2023
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Hong Kong SAR
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Hong Kong SAR
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Hong Kong SAR (CIF) - 2023
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $7,988 per ton in November 2023, shrinking by -11.4% against the previous month. Overall, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in April 2023 an increase of 17% month-to-month. As a result, import price attained the peak level of $14,449 per ton. From May 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was New Zealand ($14,314 per ton), while the price for Russia ($1,857 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Iceland (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $6,717 per ton, declining by -35.5% against the previous month. Over the period under review, the export price saw a pronounced decline. The growth pace was the most rapid in April 2023 when the average export price increased by 329% m-o-m. The export price peaked at $15,889 per ton in May 2023; however, from June 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($9,348 per ton), while the average price for exports to Vietnam totaled $1,469 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Hong Kong SAR
In 2022, the amount of meat of sheep or goats; fresh, chilled or frozen imported into Hong Kong SAR fell markedly to 4.8K tons, with a decrease of -53.5% on the previous year's figure. Overall, imports faced a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, imports reached the peak of 10K tons, and then contracted sharply in the following year.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen fell rapidly to $55M in 2022. In general, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of $75M, and then shrank remarkably in the following year.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 25.0 | 29.0 | 26.4 | 24.8 | -0.3% |
| China | 16.8 | 14.3 | 18.7 | 14.5 | -4.8% |
| Australia | 16.2 | 17.0 | 25.1 | 11.7 | -10.3% |
| United Kingdom | 3.2 | 3.8 | 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 | 2.1 | 1.5 | 1.1 | 1.0 | -21.9% |
| Total | 65.7 | 66.5 | 75.5 | 55.4 | -5.5% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Hong Kong SAR in 2022:
- New Zealand (1561.5 tons)
- Australia (1356.6 tons)
- China (1199.7 tons)
- United Kingdom (297.1 tons)
- Russia (122.1 tons)
- Ireland (95.0 tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Hong Kong SAR
In 2022, overseas shipments of meat of sheep or goats; fresh, chilled or frozen increased by 2.8% to 421 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a significant decline.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen contracted to $3.3M in 2022. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 15%.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 5.0 | 3.0 | 3.7 | 3.0 | -15.7% |
| South Korea | N/A | N/A | N/A | 0.2 | 0% |
| Malaysia | N/A | N/A | N/A | 0.1 | 0% |
| Vietnam | 0.9 | 0.3 | 0.2 | N/A | -52.9% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.9 | 3.3 | 3.8 | 3.3 | -17.6% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Hong Kong SAR in 2022:
- Macao SAR (294.2 tons)
- South Korea (79.0 tons)
- Malaysia (25.2 tons)
- Taiwan (Chinese) (22.4 tons)
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