Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Hong Kong SAR - 2023
Contents:
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Hong Kong SAR (CIF) - 2023
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Hong Kong SAR (FOB) - 2023
- Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Hong Kong SAR
- Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Hong Kong SAR
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Hong Kong SAR (CIF) - 2023
The average import price for offal, edible; of swine, (other than livers), frozen stood at $1,534 per ton in November 2023, rising by 1.5% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 21% month-to-month. As a result, import price attained the peak level of $1,678 per ton. From October 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($2,040 per ton), while the price for Poland ($1,181 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 Spain (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for offal, edible; of swine, (other than livers), frozen amounted to $1,531 per ton, falling by -3.6% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 81% month-to-month. Over the period under review, the average export prices attained the maximum at $2,113 per ton in April 2023; however, from May 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Vietnam ($1,788 per ton), while the average price for exports to Cambodia ($1,050 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Hong Kong SAR
Imports of offal, edible; of swine, (other than livers), frozen into Hong Kong SAR reduced markedly to 55K tons in 2022, declining by -72.8% compared with the previous year. Over the period under review, imports faced a dramatic descent. The smallest decline of -4.3% was in 2020.
In value terms, imports of offal, edible; of swine, (other than livers), frozen declined notably to $69M in 2022. In general, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 1.3%. As a result, imports reached the peak of $549M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Offal, Edible; of Swine, (Other than Livers), Frozen in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 93.1 | 91.8 | 63.9 | 20.0 | -40.1% |
| Denmark | 16.6 | 24.2 | 14.6 | 10.4 | -14.4% |
| Netherlands | 42.1 | 54.4 | 48.8 | 8.4 | -41.6% |
| Poland | 43.1 | 48.6 | 26.2 | 7.9 | -43.2% |
| Germany | 61.6 | 108 | 92.2 | 7.6 | -50.2% |
| Spain | 40.8 | 44.0 | 16.9 | 3.6 | -55.5% |
| Canada | 15.7 | 8.7 | 6.9 | 2.0 | -49.7% |
| Belgium | 12.4 | 16.3 | 7.9 | 1.7 | -48.4% |
| Russia | 8.9 | 18.9 | 14.1 | 1.3 | -47.3% |
| United Kingdom | 12.7 | 8.6 | 5.3 | 0.7 | -61.9% |
| United States | 139 | 54.2 | 5.7 | 0.5 | -84.7% |
| Italy | 18.1 | 25.0 | 7.1 | 0.4 | -71.9% |
| Others | 37.7 | 46.6 | 28.1 | 4.2 | -51.9% |
| Total | 542 | 549 | 338 | 68.7 | -49.8% |
Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to Hong Kong SAR in 2022:
- Brazil (17.3K tons)
- Poland (8.7K tons)
- Netherlands (8.0K tons)
- Germany (7.7K tons)
- Denmark (3.3K tons)
- Spain (2.5K tons)
- Belgium (1.7K tons)
- Canada (1.4K tons)
- Russia (0.9K tons)
- United Kingdom (0.7K tons)
- Italy (0.3K tons)
- United States (0.2K tons)
Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in overseas shipments of offal, edible; of swine, (other than livers), frozen, when their volume increased by 62% to 24K tons. Over the period under review, exports, however, faced a sharp descent.
In value terms, exports of offal, edible; of swine, (other than livers), frozen surged to $36M in 2022. Overall, exports, however, showed a precipitous contraction.
| Export of Offal, Edible; of Swine, (Other than Livers), Frozen in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 50.6 | 82.6 | 7.4 | 17.0 | -30.5% |
| Vietnam | 40.8 | 0.4 | 5.5 | 6.2 | -46.6% |
| China | 9.5 | N/A | N/A | 4.1 | -24.4% |
| Macao SAR | 4.7 | 4.8 | 4.0 | 3.4 | -10.2% |
| Thailand | 0.8 | 0.3 | 0.5 | 2.5 | 46.2% |
| South Korea | 43.9 | 2.7 | 1.8 | 1.6 | -66.8% |
| Cambodia | N/A | N/A | 0.1 | 0.8 | 700.0% |
| Others | 1.7 | 0.1 | 1.5 | 0.1 | -61.1% |
| Total | 152 | 90.9 | 20.9 | 35.6 | -38.4% |
Top Export Markets for Offal, Edible; of Swine, (Other than Livers), Frozen from Hong Kong SAR in 2022:
- Taiwan (Chinese) (10.0K tons)
- Vietnam (5.1K tons)
- Thailand (3.0K tons)
- Macao SAR (2.4K tons)
- South Korea (2.1K tons)
- China (0.6K tons)
- Cambodia (0.5K tons)
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