Hong Kong SAR, China: Frozen Whole Chicken Market 2022

Frozen Whole Chicken Market Size in Hong Kong SAR, China

The Hong Kong frozen whole chicken market surged to $X in 2021, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a abrupt setback. Frozen whole chicken consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Frozen Whole Chicken Exports

Exports from Hong Kong SAR, China

In 2021, exports of frozen whole chickens from Hong Kong SAR fell rapidly to X tons, declining by -X% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate notable growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen whole chicken exports dropped remarkably to $X in 2021. Overall, exports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for frozen whole chicken exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, frozen whole chicken exports to Macao SAR exceeded the volume sent to the second major destination, Singapore (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR amounted to +X%.

In value terms, Macao SAR ($X) remains the key foreign market for frozen whole chicken exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Macao SAR totaled +X%.

Export Prices by Country

The average frozen whole chicken export price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the export price, however, recorded a mild slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%).

Frozen Whole Chicken Imports

Imports into Hong Kong SAR, China

In 2021, the amount of frozen whole chickens imported into Hong Kong SAR skyrocketed to X tons, growing by X% on 2020 figures. Overall, imports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, frozen whole chicken imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X tons), China (X tons) and France (X tons) were the main suppliers of frozen whole chicken imports to Hong Kong SAR, together accounting for X% of total imports. Argentina, Spain and Ukraine lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and France ($X) appeared to be the largest frozen whole chicken suppliers to Hong Kong SAR, with a combined X% share of total imports. These countries were followed by Spain, Ukraine and Argentina, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen whole chicken import price stood at $X per ton in 2021, reducing by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Brazil ($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 (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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