Hong Kong SAR, China - Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMeat Price in Hong Kong SAR - 2023
Contents:
- Meat Price in Hong Kong SAR (CIF) - 2022
- Meat Price in Hong Kong SAR (FOB) - 2022
- Meat Imports in Hong Kong SAR
- Meat Exports in Hong Kong SAR
Meat Price in Hong Kong SAR (CIF) - 2022
In 2022, the average meat import price amounted to $5,429 per ton, surging by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($14,701 per ton), while the price for Germany ($2,467 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Meat Price in Hong Kong SAR (FOB) - 2022
The average meat export price stood at $2,708 per ton in 2022, declining by -25.7% against the previous year. Over the period under review, the export price, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 30%. The export price peaked at $3,977 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($4,457 per ton), while the average price for exports to Taiwan (Chinese) ($1,677 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 South Korea (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Meat Imports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of meat, which decreased by -45.8% to 282K tons in 2022. In general, imports showed a precipitous shrinkage. The smallest decline of -1.5% was in 2020.
In value terms, meat imports dropped dramatically to $1.5B in 2022. Over the period under review, imports faced a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by 7.9% against the previous year. As a result, imports attained the peak of $2.7B. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 914 | 1,057 | 903 | 401 | -24.0% |
| United States | 708 | 610 | 466 | 341 | -21.6% |
| China | 173 | 129 | 184 | 228 | 9.6% |
| Australia | 96.7 | 123 | 128 | 102 | 1.8% |
| Netherlands | 58.5 | 61.5 | 65.3 | 57.4 | -0.6% |
| Vietnam | 54.2 | 42.1 | 53.5 | 47.0 | -4.6% |
| Canada | 125 | 91.0 | 72.7 | 46.5 | -28.1% |
| Spain | 29.4 | 49.3 | 42.2 | 39.4 | 10.3% |
| Poland | 25.1 | 40.9 | 47.2 | 30.8 | 7.1% |
| United Kingdom | 57.3 | 42.4 | 33.8 | 26.7 | -22.5% |
| Germany | 12.3 | 28.0 | 73.0 | 14.0 | 4.4% |
| Others | 237 | 412 | 400 | 198 | -5.8% |
| Total | 2,490 | 2,687 | 2,469 | 1,532 | -14.9% |
Top Suppliers of Meat to Hong Kong SAR in 2022:
- Brazil (131.0K tons)
- China (42.1K tons)
- United States (26.5K tons)
- Netherlands (16.5K tons)
- Poland (9.4K tons)
- Vietnam (8.4K tons)
- Australia (6.9K tons)
- Germany (5.7K tons)
- Spain (5.5K tons)
- Canada (5.4K tons)
- United Kingdom (4.2K tons)
Meat Exports in Hong Kong SAR
Meat exports from Hong Kong SAR skyrocketed to 70K tons in 2022, with an increase of 57% on 2021 figures. Overall, exports, however, faced a deep downturn.
In value terms, meat exports skyrocketed to $188M in 2022. Over the period under review, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year.
| Export of Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 118 | 97.2 | 110 | 95.3 | -6.9% |
| Taiwan (Chinese) | 63.3 | 15.4 | 14.8 | 46.6 | -9.7% |
| Brazil | N/A | N/A | N/A | 17.2 | 0% |
| South Korea | 30.3 | 3.8 | 4.3 | 8.3 | -35.1% |
| Thailand | 1.4 | 0.2 | 0.1 | 4.7 | 49.7% |
| China | 0.5 | N/A | 0.2 | 4.4 | 106.5% |
| Vietnam | 144 | 5.8 | 28.0 | 4.0 | -69.7% |
| Others | 1.3 | 1.0 | 4.3 | 7.8 | 81.7% |
| Total | 359 | 123 | 162 | 188 | -19.4% |
Top Export Markets for Meat from Hong Kong SAR in 2022:
- Taiwan (Chinese) (27.8K tons)
- Macao SAR (21.4K tons)
- Brazil (7.8K tons)
- South Korea (3.9K tons)
- Thailand (2.2K tons)
- China (1.7K tons)
- Vietnam (1.5K tons)
This report provides an in-depth analysis of the 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 1108 - Meat of asses
- FCL 947 - Buffalo meat
- FCL 1127 - Meat of camels
- FCL 867 - Meat of cattle
- FCL 870 - Meat of cattle, boneless
- FCL 1017 - Goat meat
- FCL 1097 - Horse meat
- FCL 1111 - Meat of mules
- FCL 1158 - Meat of other domestic camelids
- FCL 1151 - Meat of other domestic rodents
- FCL 1035 - Pig meat
- FCL 1141 - Rabbit meat
- FCL 977 - Meat of sheep
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
-
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
-
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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