Hong Kong SAR, China - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChicken Meat Price in Hong Kong SAR - 2023
Contents:
- Chicken Meat Price in Hong Kong SAR (CIF) - 2023
- Chicken Meat Price in Hong Kong SAR (FOB) - 2023
- Chicken Meat Imports in Hong Kong SAR
- Chicken Meat Exports in Hong Kong SAR
Chicken Meat Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average chicken meat import price amounted to $2,559 per ton, surging by 6.6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $2,885 per ton in September 2022; however, from October 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Thailand ($4,956 per ton), while the price for Argentina ($1,134 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Brazil (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Chicken Meat Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average chicken meat export price amounted to $1,845 per ton, remaining constant against the previous month. Overall, export price indicated moderate growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, chicken meat export price decreased by -16.7% against April 2023 indices. The pace of growth appeared the most rapid in December 2022 an increase of 39% month-to-month. Over the period under review, the average export prices reached the peak figure at $2,215 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($2,387 per ton), while the average price for exports to Taiwan (Chinese) ($856 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Chicken Meat Imports in Hong Kong SAR
In 2022, imports of chicken meat into Hong Kong SAR shrank remarkably to 217K tons, reducing by -26.2% against the previous year. In general, imports continue to indicate a sharp curtailment.
In value terms, chicken meat imports dropped to $583M in 2022. Over the period under review, imports continue to indicate a deep contraction.
| Import of Chicken Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 311 | 311 | 356 | 362 | 5.2% |
| Brazil | 303 | 247 | 168 | 105 | -29.8% |
| Thailand | 30.0 | 51.4 | 45.6 | 49.6 | 18.2% |
| United States | 332 | 98.9 | 27.6 | 28.1 | -56.1% |
| Poland | 23.6 | 22.1 | 5.3 | 5.1 | -40.0% |
| United Kingdom | 21.6 | 19.9 | 8.4 | 2.8 | -49.4% |
| Others | 109 | 116 | 52.3 | 31.1 | -34.2% |
| Total | 1,130 | 866 | 663 | 583 | -19.8% |
Top Suppliers of Chicken Meat to Hong Kong SAR in 2022:
- China (129.7K tons)
- Brazil (49.0K tons)
- United States (15.6K tons)
- Thailand (10.1K tons)
- Poland (1.8K tons)
- United Kingdom (1.0K tons)
Chicken Meat Exports in Hong Kong SAR
In 2022, chicken meat exports from Hong Kong SAR dropped notably to 36K tons, with a decrease of -28.9% against the previous year. In general, exports recorded a dramatic setback.
In value terms, chicken meat exports contracted markedly to $48M in 2022. Over the period under review, exports showed a significant decrease.
| Export of Chicken Meat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 26.6 | 22.2 | 20.3 | 19.6 | -9.7% |
| Taiwan (Chinese) | 95.3 | 94.7 | 9.1 | 11.3 | -50.9% |
| South Korea | 111 | 9.4 | 7.5 | 9.5 | -55.9% |
| Thailand | 14.5 | 2.0 | 12.6 | 2.4 | -45.1% |
| Malaysia | 0.6 | 0.5 | 0.3 | 1.7 | 41.5% |
| Vietnam | 140 | 1.0 | 11.6 | 1.2 | -79.5% |
| Others | 8.7 | 1.6 | 1.3 | 2.7 | -32.3% |
| Total | 397 | 131 | 62.8 | 48.3 | -50.4% |
Top Export Markets for Chicken Meat from Hong Kong SAR in 2022:
- South Korea (12.5K tons)
- Taiwan (Chinese) (9.8K tons)
- Macao SAR (8.1K tons)
- Malaysia (1.9K tons)
- Thailand (1.8K tons)
- Vietnam (0.8K tons)
This report provides an in-depth analysis of the chicken 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 1058 - Chicken meat
- FCL 1059 - Offals and liver of chickens
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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