Hong Kong SAR, China - Sheep And Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Sheep and Goat Meat in Hong Kong SAR - 2023
Contents:
- Price for Sheep and Goat Meat in Hong Kong SAR (CIF) - 2022
- Price for Sheep and Goat Meat in Hong Kong SAR (FOB) - 2022
- Imports of Sheep and Goat Meat in Hong Kong SAR
- Exports of Sheep and Goat Meat in Hong Kong SAR
Price for Sheep and Goat Meat in Hong Kong SAR (CIF) - 2022
In 2022, the average sheep and goat meat import price amounted to $11,521 per ton, increasing by 53% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep and goat meat import price increased by +80.0% against 2017 indices. 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 New Zealand ($15,906 per ton), while the price for Russia ($4,648 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sheep and Goat Meat in Hong Kong SAR (FOB) - 2022
The average sheep and goat meat export price stood at $7,752 per ton in 2022, declining by -14.5% against the previous year. Overall, the export price, however, recorded prominent growth. The pace of growth was the most pronounced in 2016 an increase of 89% against the previous year. Over the period under review, the average export prices reached the maximum at $9,068 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($9,952 per ton), while the average price for exports to Taiwan (Chinese) ($1,979 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 Vietnam (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Sheep and Goat Meat in Hong Kong SAR
Sheep and goat meat imports into Hong Kong SAR contracted markedly to 4.8K tons in 2022, waning by -52.2% compared with 2021 figures. In general, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 6.1% against the previous year. As a result, imports reached the peak of 10K tons, and then contracted significantly in the following year.
In value terms, sheep and goat meat imports dropped dramatically to $56M in 2022. Overall, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 14%. As a result, imports reached the peak of $76M, and then declined rapidly in the following year.
| Import of Sheep and Goat Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 25.1 | 29.0 | 26.5 | 24.8 | -0.4% |
| China | 16.8 | 14.3 | 18.8 | 14.5 | -4.8% |
| Australia | 16.3 | 17.1 | 25.1 | 11.7 | -10.5% |
| United Kingdom | 3.2 | 3.8 | 3.8 | 2.3 | -10.4% |
| Russia | N/A | N/A | N/A | 0.6 | 0% |
| Ireland | 2.3 | 1.0 | 0.3 | 0.5 | -39.9% |
| Others | 1.8 | 1.6 | 1.4 | 1.2 | -12.6% |
| Total | 65.4 | 66.8 | 75.9 | 55.5 | -5.3% |
Top Suppliers of Sheep and Goat Meat to Hong Kong SAR in 2022:
- New Zealand (1562.0 tons)
- Australia (1356.7 tons)
- China (1199.8 tons)
- United Kingdom (297.4 tons)
- Russia (122.1 tons)
- Ireland (73.0 tons)
Exports of Sheep and Goat Meat in Hong Kong SAR
Sheep and goat meat exports from Hong Kong SAR was estimated at 430 tons in 2022, stabilizing at 2021 figures. Over the period under review, exports, however, showed a precipitous shrinkage.
In value terms, sheep and goat meat exports shrank to $3.3M in 2022. Overall, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year.
| Export of Sheep and Goat Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 5.0 | 3.0 | 3.7 | 3.0 | -15.7% |
| South Korea | N/A | N/A | N/A | 0.2 | 0% |
| Malaysia | N/A | N/A | N/A | 0.1 | 0% |
| Vietnam | 0.9 | 0.3 | 0.2 | N/A | -52.9% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 5.9 | 3.4 | 3.9 | 3.3 | -17.6% |
Top Export Markets for Sheep and Goat Meat from Hong Kong SAR in 2022:
- Macao SAR (303.7 tons)
- South Korea (79.0 tons)
- Malaysia (25.2 tons)
- Taiwan (Chinese) (22.4 tons)
This report provides an in-depth analysis of the market for sheep and goat meat 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 1017 - Goat 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
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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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Global goat meat market production was estimated at X thousand tons in 2015, which was X thousand tons more than in 2014. There was an annual increase of +X% in physical terms and +X% in value terms for the period from 2007 to 2015. In v
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