Hong Kong SAR, China: Fresh Chicken Cut Market 2022

Fresh Chicken Cut Market Size in Hong Kong SAR, China

The Hong Kong fresh chicken cut market expanded markedly to $X in 2021, increasing by X% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Fresh chicken cut consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Fresh Chicken Cut Production in Hong Kong SAR, China

In value terms, fresh chicken cut production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw prominent growth. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fresh Chicken Cut Exports

Exports from Hong Kong SAR, China

Fresh chicken cut exports from Hong Kong SAR fell to X tons in 2021, which is down by -X% compared with the previous year. Overall, exports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, fresh chicken cut exports shrank slightly to $X in 2021. In general, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for fresh chicken cut exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Macao SAR amounted to +X%.

In value terms, Macao SAR ($X) also remains the key foreign market for fresh chicken cut exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to Macao SAR stood at +X%.

Export Prices by Country

The average fresh chicken cut export price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the export price showed tangible growth. The growth pace was the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2012 to 2021, the rate of growth in terms of prices for Macao SAR amounted to -X% per year.

Fresh Chicken Cut Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of fresh or chilled cuts of chicken were imported into Hong Kong SAR; which is down by -X% on the previous year's figure. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, fresh chicken cut imports fell to $X in 2021. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest fresh chicken cut supplier to Hong Kong SAR, with a X% share of total imports. Moreover, fresh chicken cut imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was occupied by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and the United States (+X% per year).

In value terms, the largest fresh chicken cut suppliers to Hong Kong SAR were China ($X), Thailand ($X) and Australia ($X), together comprising X% of total imports.

China, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fresh chicken cut import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt shrinkage. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform