Hong Kong SAR, China - Lard And Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRendered Pig Fat Price in Hong Kong SAR - 2023
Contents:
- Rendered Pig Fat Price in Hong Kong SAR (CIF) - 2023
- Rendered Pig Fat Price in Hong Kong SAR (FOB) - 2022
- Rendered Pig Fat Imports in Hong Kong SAR
- Rendered Pig Fat Exports in Hong Kong SAR
Rendered Pig Fat Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average rendered pig fat import price amounted to $2,422 per ton, approximately equating the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 an increase of 9.4% against the previous month. Over the period under review, average import prices attained the peak figure at $2,634 per ton in August 2022; however, from September 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were Canada ($2,689 per ton) and the Netherlands ($2,427 per ton), while the price for China ($1,934 per ton) and Spain ($2,059 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Canada (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Rendered Pig Fat Price in Hong Kong SAR (FOB) - 2022
In 2022, the average rendered pig fat export price amounted to $1,439 per ton, shrinking by -40.1% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The growth pace was the most rapid in 2020 when the average export price increased by 118%. The export price peaked at $2,401 per ton in 2021, and then dropped markedly in the following year.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($1,744 per ton), while the average price for exports to China stood at $1,245 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Rendered Pig Fat Imports in Hong Kong SAR
In 2022, rendered pig fat imports into Hong Kong SAR shrank to 3.4K tons, with a decrease of -5.5% against the previous year. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 48%.
In value terms, rendered pig fat imports shrank to $5.4M in 2022. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year.
| Import of Rendered Pig Fat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.7 | 2.2 | 3.6 | 3.5 | -1.8% |
| Canada | 1.2 | 1.0 | 1.6 | 1.5 | 7.7% |
| Spain | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| China | 0.9 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.1 | 0.3 | 0.2 | -20.6% |
| Total | 6.4 | 3.4 | 5.7 | 5.4 | -5.5% |
Top Suppliers of Rendered Pig Fat to Hong Kong SAR in 2022:
- Netherlands (2169.7 tons)
- Canada (1076.7 tons)
- Spain (144.4 tons)
Rendered Pig Fat Exports in Hong Kong SAR
Rendered pig fat exports from Hong Kong SAR soared to 4.3K tons in 2022, picking up by 85% on the year before. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 90%. As a result, the exports attained the peak of 4.3K tons; afterwards, it flattened through to 2022.
In value terms, rendered pig fat exports amounted to $6.1M in 2022. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 313%. As a result, the exports reached the peak of $7M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Rendered Pig Fat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 1.1 | 0.2 | 3.2 | 47.4% |
| Macao SAR | 0.7 | 0.3 | 0.6 | 2.9 | 60.6% |
| Philippines | N/A | 5.5 | 4.7 | N/A | -14.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 7.0 | 5.5 | 6.1 | 53.1% |
Top Export Markets for Rendered Pig Fat from Hong Kong SAR in 2022:
- China (2.6K tons)
- Macao SAR (1.6K tons)
This report provides an in-depth analysis of the rendered pig fat market 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 10115060 - Lard and other pig fat, rendered
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
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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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Imports of Lard experienced a decline from April 2023 to October 2023, with a notable decrease in value to $491K in October 2023.
689
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4020
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3884
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2265
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
207
Imports of Lard experienced a decline from April 2023 to October 2023, with a notable decrease in value to $491K in October 2023.
689
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
4020
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3884
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2265
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
