Hong Kong SAR, China - Salted, Dried or Smoked Meat, and Offal - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Salted, Dried or Smoked Meat, and Offal in Hong Kong SAR - 2023
Contents:
- Price for Salted, Dried or Smoked Meat, and Offal in Hong Kong SAR (CIF) - 2023
- Price for Salted, Dried or Smoked Meat, and Offal in Hong Kong SAR (FOB) - 2023
- Imports of Salted, Dried or Smoked Meat, and Offal in Hong Kong SAR
- Exports of Salted, Dried or Smoked Meat, and Offal in Hong Kong SAR
Price for Salted, Dried or Smoked Meat, and Offal in Hong Kong SAR (CIF) - 2023
The average import price for salted, dried or smoked meat, and offal stood at $5,689 per ton in October 2023, with a decrease of -4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in August 2023 an increase of 24% m-o-m. As a result, import price attained the peak level of $6,942 per ton. From September 2023 to October 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($12,266 per ton), while the price for Iran ($1,303 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 the United States (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Salted, Dried or Smoked Meat, and Offal in Hong Kong SAR (FOB) - 2023
The average export price for salted, dried or smoked meat, and offal stood at $5,605 per ton in October 2023, with an increase of 37% against the previous month. Overall, the export price, however, saw a perceptible setback. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 57% month-to-month. Over the period under review, the average export prices reached the maximum at $10,304 per ton in December 2022; however, from January 2023 to October 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 ($12,380 per ton), while the average price for exports to Vietnam amounted to $4,485 per ton.
From October 2022 to October 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 a decline.
Imports of Salted, Dried or Smoked Meat, and Offal in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in purchases abroad of salted, dried or smoked meat, and offal, which increased by 64% to 17K tons in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 79%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of salted, dried or smoked meat, and offal surged to $112M in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 85%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Salted, Dried or Smoked Meat, and Offal in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 4.6 | 3.2 | 20.7 | 112.1% |
| India | N/A | 2.9 | 16.3 | 15.3 | 129.7% |
| Turkey | N/A | N/A | 1.7 | 13.1 | 670.6% |
| Pakistan | 0.1 | 2.8 | 5.3 | 8.5 | 339.7% |
| United Arab Emirates | N/A | N/A | N/A | 8.3 | 0% |
| China | 9.1 | 5.1 | 8.9 | 6.4 | -11.1% |
| United States | 4.3 | 3.7 | 5.3 | 4.5 | 1.5% |
| Italy | 4.2 | 3.0 | 4.4 | 4.4 | 1.6% |
| Spain | 5.9 | 5.0 | 5.3 | 4.1 | -11.4% |
| Netherlands | 0.6 | 0.5 | 0.6 | 3.3 | 76.5% |
| Bangladesh | N/A | N/A | 0.8 | 3.1 | 287.5% |
| Japan | 0.5 | 0.9 | 2.5 | 2.9 | 79.7% |
| Egypt | N/A | 0.2 | 0.2 | 2.5 | 253.6% |
| Others | 5.5 | 5.0 | 7.6 | 15.3 | 40.6% |
| Total | 30.4 | 33.7 | 62.3 | 112 | 54.4% |
Top Suppliers of Salted, Dried or Smoked Meat, and Offal to Hong Kong SAR in 2022:
- India (3.5K tons)
- Vietnam (2.2K tons)
- Pakistan (2.1K tons)
- Turkey (2.0K tons)
- China (1.3K tons)
- United Arab Emirates (1.1K tons)
- Bangladesh (0.6K tons)
- Egypt (0.6K tons)
- Netherlands (0.5K tons)
- Italy (0.4K tons)
- United States (0.4K tons)
- Japan (0.4K tons)
- Spain (0.4K tons)
Exports of Salted, Dried or Smoked Meat, and Offal in Hong Kong SAR
In 2022, approx. 1.6K tons of salted, dried or smoked meat, and offal were exported from Hong Kong SAR; picking up by 124% against the previous year's figure. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 207%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of salted, dried or smoked meat, and offal skyrocketed to $14M in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Salted, Dried or Smoked Meat, and Offal in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 8.4 | 0% |
| Vietnam | N/A | N/A | 1.6 | 3.7 | 131.3% |
| Macao SAR | 4.4 | 2.0 | 2.2 | 1.8 | -25.8% |
| Others | 0.2 | 0.1 | 0.2 | N/A | 0.0% |
| Total | 4.6 | 2.1 | 4.0 | 13.9 | 44.6% |
Top Export Markets for Salted, Dried or Smoked Meat, and Offal from Hong Kong SAR in 2022:
- South Korea (845.7 tons)
- Vietnam (532.7 tons)
- Macao SAR (187.8 tons)
This report provides an in-depth analysis of the market for salted, dried or smoked meat, and offal 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 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
- Prodcom 10131200 - Beef and veal salted, in brine, dried or smoked
- Prodcom 10131300 - Meat salted, in brine, dried or smoked, edible flours and meals of meat or meat offal (excluding pig meat, beef and veal salted, in brine, dried or smoked)
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.
-
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
-
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
-
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
-
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
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
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 VOLUME AND VALUE
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
-
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
-
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
- 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
- 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
84
This report provides an in-depth analysis of the market for salted, dried or smoked meat, and offal in Hong Kong SAR, China.
476
This report provides an in-depth analysis of the bacon and ham market in Hong Kong SAR, China.
254
This report provides an in-depth analysis of the market for salted, dried, or smoked swine bellies in Hong Kong SAR, China.
284
This report provides an in-depth analysis of the preserved beef market in Hong Kong SAR, China.
268
This report provides an in-depth analysis of the market for salted, dried, or smoked hams, shoulders and cuts of swine in Hong Kong SAR, China.
288
This report provides an in-depth analysis of the market for salted, dried, or smoked pig meat other than hams or bellies in Hong Kong SAR, China.
270
This report provides an in-depth analysis of the hand saw market in Hong Kong SAR, China.
234
This report provides an in-depth analysis of the market for bed linen of knitted or crocheted textiles in Hong Kong SAR, China.
290
This report provides an in-depth analysis of the handmade paper market in Hong Kong SAR, China.
205
This report provides an in-depth analysis of the diesel-electric locomotive market in Hong Kong SAR, China.
159
In March 2023, the growth rate was exceptionally high, with imports of Preserved Beef increasing by 140% month-on-month. The value of these imports reached $3.8M in October 2023.
401
In October 2022, the price of preserved beef amounted to $4,610 per ton (CIF, Hong Kong SAR, China), a decrease of 20% compared to the month before.
149
The most significant growth rate for Tea was observed in August 2023, with imports increasing by 27% compared to the previous month. In November 2023, tea imports decreased slightly to $17M in value.
434
In March 2023, the tea price stood at $9,407 per ton (CIF, Hong Kong), waning by -37.8% against the previous month.
971
In value terms, saws and blades imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fl...
773
In value terms, saws and blades exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some ...
1387
In value terms, felt imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noticeable flu...
1045
In value terms, felt exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consistent, with only min...
237
Explore the top import markets for canned meat, including key statistics and market insights. Discover the countries with the highest import values in the canned meat industry.
731
In 2019, the global canned meat market increased by 2.9% to $245.5B, rising for the fourth year in a row...
