Swine; Live Price in Hong Kong SAR - 2023

Swine; Live Price in Hong Kong SAR (CIF) - 2022

The average swine; live import price stood at $378 per unit in 2022, declining by -13% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, swine; live import price decreased by -26.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 35% against the previous year. As a result, import price reached the peak level of $512 per unit. From 2021 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.9% per year.

Swine; Live Imports in Hong Kong SAR

In 2022, approx. 965K units of swine; live were imported into Hong Kong SAR; growing by 21% on the previous year's figure. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, swine; live imports rose rapidly to $365M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 5.5%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.