Hong Kong SAR, China - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey Meat Price in Hong Kong SAR - 2023
Contents:
- Turkey Meat Price in Hong Kong SAR (CIF) - 2023
- Turkey Meat Price in Hong Kong SAR (FOB) - 2023
- Turkey Meat Imports in Hong Kong SAR
- Turkey Meat Exports in Hong Kong SAR
Turkey Meat Price in Hong Kong SAR (CIF) - 2023
The average turkey meat import price stood at $2,643 per ton in August 2023, which is down by -10.6% against the previous month. In general, the import price recorded a perceptible reduction. The growth pace was the most rapid in July 2023 an increase of 77% month-to-month. The import price peaked at $4,600 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($4,025 per ton), while the price for Poland ($1,256 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced a decline.
Turkey Meat Price in Hong Kong SAR (FOB) - 2023
The average turkey meat export price stood at $1,254 per ton in August 2023, which is down by -50.8% against the previous month. In general, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in March 2023 when the average export price increased by 278% m-o-m. As a result, the export price reached the peak level of $8,176 per ton. From April 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Macao SAR ($5,376 per ton), while the average price for exports to Taiwan (Chinese) ($934 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Turkey Meat Imports in Hong Kong SAR
Turkey meat imports into Hong Kong SAR contracted remarkably to 1.3K tons in 2022, waning by -51% compared with 2021. In general, imports recorded a dramatic downturn. The smallest decline of -40.4% was in 2020.
In value terms, turkey meat imports shrank remarkably to $4.5M in 2022. Over the period under review, imports continue to indicate a sharp contraction. The smallest decline of -34.3% was in 2021.
| Import of Turkey Meat in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11,516 | 5,190 | 3,944 | 1,242 | -52.4% |
| Brazil | 816 | 955 | 983 | 1,209 | 14.0% |
| Russia | 99.9 | 38.0 | N/A | 618 | 83.6% |
| United Kingdom | 166 | 735 | 269 | 332 | 26.0% |
| Poland | 1,106 | 571 | 178 | 320 | -33.9% |
| Australia | 25.4 | 10.1 | 36.5 | 217 | 104.4% |
| New Zealand | N/A | N/A | N/A | 124 | 0% |
| Chile | 460 | 58.1 | 30.8 | 95.6 | -40.8% |
| Spain | 421 | 386 | 80.8 | 81.7 | -42.1% |
| Canada | 15.6 | 5.4 | 57.9 | 61.9 | 58.3% |
| Germany | 1,887 | 1,546 | 235 | 37.8 | -72.8% |
| Turkey | 474 | N/A | 0.1 | 36.9 | -57.3% |
| Netherlands | 1,149 | 578 | 519 | N/A | -32.8% |
| Others | 849 | 578 | 668 | 80.8 | -54.3% |
| Total | 18,983 | 10,651 | 7,002 | 4,458 | -38.3% |
Top Suppliers of Turkey Meat to Hong Kong SAR in 2022:
- Brazil (396.5 tons)
- United States (299.4 tons)
- Poland (161.8 tons)
- Russia (137.4 tons)
- United Kingdom (57.7 tons)
- Canada (54.0 tons)
- Chile (48.0 tons)
- Australia (40.1 tons)
- Turkey (25.1 tons)
- Germany (25.0 tons)
- Spain (22.9 tons)
- New Zealand (21.5 tons)
Turkey Meat Exports in Hong Kong SAR
In 2022, approx. 440 tons of turkey meat were exported from Hong Kong SAR; rising by 18% compared with 2021 figures. Over the period under review, exports, however, saw a precipitous decrease.
In value terms, turkey meat exports skyrocketed to $847K in 2022. Overall, exports, however, continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 38%.
| Export of Turkey Meat in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 532 | 412 | 560 | 405 | -8.7% |
| Taiwan (Chinese) | 1,246 | 76.3 | 116 | 367 | -33.5% |
| Vietnam | 254 | N/A | N/A | 75.0 | -33.4% |
| South Korea | 1,670 | N/A | N/A | N/A | 0% |
| Others | 59.6 | N/A | N/A | N/A | 0% |
| Total | 3,760 | 488 | 676 | 847 | -39.2% |
Top Export Markets for Turkey Meat from Hong Kong SAR in 2022:
- Taiwan (Chinese) (221.5 tons)
- Macao SAR (166.1 tons)
- Vietnam (52.9 tons)
This report provides an in-depth analysis of the turkey meat 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:
- FCL 1080 - Turkey meat
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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In 2019, the global turkey meat market increased by 3.5% to $12.8B, rising for the second consecutive year after two...
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The global turkey meat market revenue amounted to $544M in 2017, dropping by -11.8% against the previous year. This figure...
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