Hong Kong SAR, China: Market for Hams, Shoulders And Cuts Of Swine (Salted, in Brine, Dried or Smoked) 2024

Market Size for Hams, Shoulders And Cuts Of Swine (Salted, in Brine, Dried or Smoked) in Hong Kong SAR, China

The Hong Kong market for hams, shoulders and cuts of swine (salted, in brine, dried or smoked) fell rapidly to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a slight decrease. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Hams, Shoulders And Cuts Of Swine (Salted, in Brine, Dried or Smoked)

Exports from Hong Kong SAR, China

In 2022, the amount of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) exported from Hong Kong SAR declined dramatically to X tons, dropping by X% compared with the year before. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports of attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) contracted rapidly to $X in 2022. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for exports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2022, 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 hams, shoulders and cuts of swine (salted, in brine, dried or smoked) exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to Macao SAR totaled X%.

Export Prices by Country

The average export price for hams, shoulders and cuts of swine (salted, in brine, dried or smoked) stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, posted a buoyant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to X% per year.

Imports of Hams, Shoulders And Cuts Of Swine (Salted, in Brine, Dried or Smoked)

Imports into Hong Kong SAR, China

In 2022, the amount of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) imported into Hong Kong SAR declined markedly to X tons, reducing by X% on the previous year. In general, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) contracted remarkably to $X in 2022. Overall, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Italy (X tons), Spain (X tons) and China (X tons) were the main suppliers of imports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) to Hong Kong SAR, together accounting for X% of total imports. France, Canada, Japan and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salted, dried, or smoked hams, shoulders and cuts of swine suppliers to Hong Kong SAR were Italy ($X), Spain ($X) and China ($X), with a combined X% share of total imports. France, Canada, Japan and Germany lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average import price for hams, shoulders and cuts of swine (salted, in brine, dried or smoked) stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Canada ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform