Hong Kong SAR, China: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Hong Kong SAR, China

The Hong Kong preserved swine belly market surged to $X in 2020, picking up by X% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is likely to see steady growth in the immediate term.

Preserved Swine Belly Production in Hong Kong SAR, China

In value terms, preserved swine belly production soared to $X in 2020 estimated in export prices. Overall, production saw a prominent expansion. The pace of growth was the most pronounced in 2010 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in years to come.

Preserved Swine Belly Exports

Exports from Hong Kong SAR, China

In 2020, overseas shipments of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a notable expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, preserved swine belly exports declined markedly to $X in 2020. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2019, and then fell remarkably in the following year.

Exports by Country

Macao SAR (X tons) was the main destination for preserved swine belly exports from Hong Kong SAR, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Macao SAR amounted to +X%.

In value terms, Macao SAR ($X) also remains the key foreign market for preserved swine belly exports from Hong Kong SAR.

From 2007 to 2020, the average annual growth rate of value to Macao SAR stood at +X%.

Export Prices by Country

In 2020, the average preserved swine belly export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated strong growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved swine belly export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2007 to 2020, the rate of growth in terms of prices for Macao SAR amounted to +X% per year.

Preserved Swine Belly Imports

Imports into Hong Kong SAR, China

In 2020, purchases abroad of bellies and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are likely to see steady growth in years to come.

In value terms, preserved swine belly imports soared to $X in 2020. Over the period under review, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest preserved swine belly supplier to Hong Kong SAR, with a X% share of total imports. Moreover, preserved swine belly imports from the U.S. exceeded the figures recorded by the second-largest supplier, Poland (X tons), tenfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and the Netherlands (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of preserved swine belly to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2020, the average preserved swine belly import price amounted to $X per ton, jumping by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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