Price for Offal, Edible; of Swine, Fresh or Chilled in Hong Kong SAR - 2022

Contents:

1. Price for Offal, Edible; of Swine, Fresh or Chilled in Hong Kong SAR (CIF) - 2022
2. Imports of Offal, Edible; of Swine, Fresh or Chilled in Hong Kong SAR

Price for Offal, Edible; of Swine, Fresh or Chilled in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for offal, edible; of swine, fresh or chilled amounted to $1,958 per ton, declining by -23.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 48% against the previous year. The import price peaked at $2,566 per ton in 2021, and then declined sharply in the following year.

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 Australia ($9,936 per ton), while the price for Spain ($836 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Offal, Edible; of Swine, Fresh or Chilled in Hong Kong SAR

In 2022, overseas purchases of offal, edible; of swine, fresh or chilled increased by 173% to 682 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a dramatic shrinkage.

In value terms, imports of offal, edible; of swine, fresh or chilled surged to $1.3M in 2022. Over the period under review, imports, however, continue to indicate a sharp contraction.

Top Suppliers of Offal, Edible; of Swine, Fresh or Chilled to Hong Kong SAR in 2022:

1. Germany (222.6 tons)
2. Netherlands (170.2 tons)
3. Italy (114.9 tons)
4. Belgium (113.0 tons)
5. Spain (19.1 tons)
6. Australia (11.5 tons)
7. United Kingdom (11.1 tons)

Source: IndexBox Market Intelligence Platform