Hong Kong SAR, China: Meat And Poultry Market 2024

Meat And Poultry Market Size in Hong Kong SAR, China

The Hong Kong meat and poultry market dropped dramatically to $X in 2022, falling by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Meat And Poultry Production in Hong Kong SAR, China

In value terms, meat and poultry production rose to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of meat and poultry in Hong Kong SAR surged to X kg per head in 2022, jumping by X% on 2021. Overall, the yield, however, showed a noticeable decrease. The meat and poultry yield peaked at X kg per head in 2017; however, from 2018 to 2022, the yield failed to regain momentum.

In 2022, number of animals slaughtered for meat and poultry production in Hong Kong SAR amounted to X heads, therefore, remained relatively stable against the year before. In general, the total number of producing animals indicated a moderate increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, number of animals slaughtered for meat and poultry production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The number of animals slaughtered for meat and poultry production peaked at X heads in 2020; however, from 2021 to 2022, producing animals remained at a lower figure.

Meat And Poultry Exports

Exports from Hong Kong SAR, China

After four years of decline, shipments abroad of meat and poultry increased by X% to X tons in 2022. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, meat and poultry exports expanded sharply to $X in 2022. Over the period under review, exports, however, faced a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), Macao SAR (X tons) and South Korea (X tons) were the main destinations of meat and poultry exports from Hong Kong SAR, with a combined X% share of total exports. Brazil, Thailand, Vietnam, Malaysia and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Macao SAR ($X) remains the key foreign market for meat and poultry exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat and poultry export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of meat and poultry decreased by X% to X tons, falling for the fifth year in a row after two years of growth. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, meat and poultry imports dropped significantly to $X in 2022. Over the period under review, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of meat and poultry imports to Hong Kong SAR, together accounting for X% of total imports. The Netherlands, Poland, Thailand, Vietnam, Germany, Canada and the UK 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 Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and the United States ($X) were the largest meat and poultry suppliers to Hong Kong SAR, with a combined X% share of total imports. The Netherlands, Thailand, Vietnam, Canada, Poland, the UK and Germany lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to 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 meat and poultry import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat and poultry import price increased by X% against 2016 indices. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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