Report Update Nov 1, 2024

Hong Kong SAR, China - Beef and Veal (Salted, in Brine, Dried or Smoked) - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Preserved Beef Market 2024

Preserved Beef Market Size in Hong Kong SAR, China

The Hong Kong preserved beef market skyrocketed to $X in 2021, increasing by 106% against the previous year. Overall, consumption enjoyed a significant expansion. Preserved beef consumption peaked in 2021 and is likely to see steady growth in years to come.

Preserved Beef Production in Hong Kong SAR, China

In value terms, preserved beef production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a deep slump. The growth pace was the most rapid in 2015 when the production volume increased by 57% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Preserved Beef Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of beef and veal (salted, in brine, dried or smoked) increased by 85,201% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved beef exports soared to $X in 2021. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for preserved beef exports from Hong Kong SAR, accounting for a 100% share of total exports. It was followed by Macao SAR (X kg), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Vietnam was relatively modest.

In value terms, Vietnam ($X) emerged as the key foreign market for beef and veal (salted, in brine, dried or smoked) exports from Hong Kong SAR, comprising 99% of total exports. The second position in the ranking was taken by Macao SAR ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam was relatively modest.

Export Prices by Country

The average preserved beef export price stood at $X per ton in 2021, shrinking by -80% against the previous year. Over the period under review, the export price saw a abrupt setback. The growth pace was the most rapid in 2018 an increase of 37% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell significantly 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 Vietnam amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+4.3%).

Preserved Beef Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of beef and veal (salted, in brine, dried or smoked) were imported into Hong Kong SAR; with an increase of 95% on 2020 figures. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 3,366% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, preserved beef imports skyrocketed to $X in 2021. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 1,418% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of preserved beef to Hong Kong SAR, accounting for a 48% share of total imports. Moreover, preserved beef imports from India exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +222.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+105.5% per year) and Vietnam (+235.6% per year).

In value terms, India ($X) constituted the largest supplier of beef and veal (salted, in brine, dried or smoked) to Hong Kong SAR, comprising 49% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 16% share of total imports. It was followed by Vietnam, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +254.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+82.9% per year) and Vietnam (+234.5% per year).

Import Prices by Country

In 2021, the average preserved beef import price amounted to $X per ton, with an increase of 56% against the previous year. Over the period under review, the import price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of 85% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef and veal (salted, in brine, dried or smoked) in the world?

The country with the largest volume of preserved beef consumption was China, comprising approx. 18% of total volume. Moreover, preserved beef consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of beef and veal (salted, in brine, dried or smoked) in the world?

The country with the largest volume of preserved beef production was China, accounting for 18% of total volume. Moreover, preserved beef production in China exceeded the figures recorded by the second-largest producer, India, threefold. Italy ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of beef and veal (salted, in brine, dried or smoked) to Hong Kong SAR, China?

In value terms, the United States, Pakistan and Italy constituted the largest preserved beef suppliers to Hong Kong SAR, with a combined 86% share of total imports. Canada lagged somewhat behind, accounting for a further 5%.

What is the average export price for beef and veal (salted, in brine, dried or smoked) in Hong Kong SAR, China?

The average preserved beef export price stood at $6,720 per ton in 2021, shrinking by -58.1% against the previous year.

What is the average import price for beef and veal (salted, in brine, dried or smoked) in Hong Kong SAR, China?

The average preserved beef import price stood at $5,714 per ton in 2021, surging by 75% against the previous year.

This report provides an in-depth analysis of the preserved beef 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:

Prodcom 10131200 - Beef and veal salted, in brine, dried or smoked

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023