Hong Kong SAR, China: Chicken Meat Market 2025

Chicken Meat Market Size in Hong Kong SAR, China

In 2021, after two years of growth, there was significant decline in the Hong Kong chicken meat market, when its value decreased by -20.9% to $X. Overall, consumption, however, posted a notable expansion. Chicken meat consumption peaked at $X in 2020, and then fell sharply in the following year.

Chicken Meat Production in Hong Kong SAR, China

In value terms, chicken meat production declined to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.0% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 45%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

The average yield of chicken meat in Hong Kong SAR was estimated at X kg per head in 2021, almost unchanged from 2020. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield decreased by -6.7%. Over the period under review, the average chicken meat yield reached the peak level at X kg per head in 2017; however, from 2018 to 2021, the yield stood at a somewhat lower figure.

In 2021, the number of animals slaughtered for chicken meat production in Hong Kong SAR shrank modestly to X heads, with a decrease of -2.1% compared with the year before. Over the period under review, the total number of producing animals indicated a measured increase from 2012 to 2021: its figure increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, number of animals slaughtered for chicken meat production increased by +53.0% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the number of producing animals increased by 52%. Over the period under review, this number attained the maximum level at X heads in 2020, and then shrank in the following year.

Chicken Meat Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of chicken meat were exported from Hong Kong SAR; declining by -39.4% on the previous year. Over the period under review, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 62% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, chicken meat exports fell significantly to $X in 2021. In general, exports saw a dramatic descent. The pace of growth was the most pronounced in 2014 with an increase of 28%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), South Korea (X tons) and Macao SAR (X tons) were the main destinations of chicken meat exports from Hong Kong SAR, together accounting for 63% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +2.1%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for chicken meat exported from Hong Kong SAR were Macao SAR ($X), Thailand ($X) and Vietnam ($X), with a combined 67% share of total exports.

Macao SAR, with a CAGR of -0.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average chicken meat export price amounted to $X per ton, reducing by -21.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 an increase of 45% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Macao SAR ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Chicken Meat Imports

Imports into Hong Kong SAR, China

Chicken meat imports into Hong Kong SAR fell dramatically to X tons in 2021, waning by -36.4% on 2020 figures. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 18% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, chicken meat imports fell rapidly to $X in 2021. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 30% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of chicken meat imports to Hong Kong SAR, together comprising 84% of total imports. Thailand and Vietnam lagged somewhat behind, together comprising a further 5.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +32.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of chicken meat to Hong Kong SAR, comprising 53% of total imports. The second position in the ranking was taken by Brazil ($X), with a 25% share of total imports. It was followed by Thailand, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-11.5% per year) and Thailand (+7.5% per year).

Import Prices by Country

The average chicken meat import price stood at $X per ton in 2021, picking up by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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