Hong Kong SAR, China - Pig Meat Salted (Salted, In Brine, Dried Or Smoked) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hong Kong SAR - 2023
Contents:
- Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hong Kong SAR (CIF) - 2023
- Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hong Kong SAR (FOB) - 2022
- Imports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hong Kong SAR
- Exports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hong Kong SAR
Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hong Kong SAR (CIF) - 2023
The average import price for pig meat other than hams or bellies (salted, in brine, dried or smoked) stood at $9,827 per ton in October 2023, jumping by 35% against the previous month. Overall, import price indicated a measured increase from October 2022 to October 2023: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for pig meat other than hams or bellies (salted, in brine, dried or smoked) increased by +34.7% against September 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 67% m-o-m. The import price peaked in October 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($18,667 per ton), while the price for Japan ($3,928 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 China (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hong Kong SAR (FOB) - 2022
The average export price for pig meat other than hams or bellies (salted, in brine, dried or smoked) stood at $7,922 per ton in 2022, which is down by -6.4% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 52%. The export price peaked at $8,464 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($8,049 per ton), while the average price for exports to China totaled $5,107 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+6.6%).
Imports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hong Kong SAR
After three years of growth, overseas purchases of pig meat other than hams or bellies (salted, in brine, dried or smoked) decreased by -31.6% to 917 tons in 2022. Overall, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 77%. As a result, imports attained the peak of 1.3K tons, and then fell sharply in the following year.
In value terms, imports of pig meat other than hams or bellies (salted, in brine, dried or smoked) dropped rapidly to $5.6M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of $6.7M, and then declined sharply in the following year.
| Import of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,691 | 2,059 | 3,550 | 2,057 | 6.7% |
| Italy | 785 | 581 | 1,420 | 1,336 | 19.4% |
| United States | 42.2 | 110 | 313 | 616 | 144.4% |
| Taiwan (Chinese) | 192 | 431 | 466 | 589 | 45.3% |
| Japan | 298 | 635 | 518 | 318 | 2.2% |
| Others | 648 | 593 | 479 | 696 | 2.4% |
| Total | 3,657 | 4,410 | 6,746 | 5,612 | 15.3% |
Top Suppliers of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies to Hong Kong SAR in 2022:
- China (554.7 tons)
- Japan (146.4 tons)
- Italy (108.9 tons)
- United States (56.8 tons)
- Taiwan (Chinese) (26.4 tons)
Exports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of pig meat other than hams or bellies (salted, in brine, dried or smoked), which decreased by -39.8% to 9.7 tons in 2022. Overall, exports showed a dramatic slump. The smallest decline of -22.9% was in 2021.
In value terms, exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) dropped dramatically to $77K in 2022. In general, exports faced a dramatic contraction. The smallest decline of -10.1% was in 2021.
| Export of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 542 | 150 | 134 | 75.0 | -48.3% |
| China | 2.1 | 2.8 | 2.8 | 2.1 | 0.0% |
| Others | 11.5 | N/A | N/A | N/A | 0% |
| Total | 556 | 152 | 137 | 77.2 | -48.2% |
Top Export Markets for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies from Hong Kong SAR in 2022:
- Macao SAR (9.3 tons)
- China (0.4 tons)
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. 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 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)
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
-
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
- 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 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
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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
- 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
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