Hong Kong SAR, China: Meat And Poultry Market 2025

Meat And Poultry Market Size in Hong Kong SAR, China

In 2022, the Hong Kong meat and poultry market decreased by X% to $X, falling for the second year in a row after five years of growth. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Meat And Poultry Production in Hong Kong SAR, China

In value terms, meat and poultry production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average meat and poultry yield in Hong Kong SAR soared to X kg per head, increasing by X% compared with the previous year. In general, the yield, however, continues to indicate a perceptible descent. Over the period under review, the average meat and poultry yield attained the maximum level at X kg per head in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure.

The number of animals slaughtered for meat and poultry production in Hong Kong SAR reached X heads in 2022, leveling off at the year before. In general, the total number of producing animals indicated a perceptible increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, number of animals slaughtered for meat and poultry production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. The number of animals slaughtered for meat and poultry production peaked at X heads in 2020; however, from 2021 to 2022, producing animals remained at a lower figure.

Meat And Poultry Exports

Exports from Hong Kong SAR, China

After four years of decline, overseas shipments of meat and poultry increased by X% to X tons in 2022. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat and poultry exports expanded notably to $X in 2022. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), Macao SAR (X tons) and South Korea (X tons) were the main destinations of meat and poultry exports from Hong Kong SAR, together comprising X% of total exports. Brazil, Thailand, Vietnam, Malaysia and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Macao SAR ($X) remains the key foreign market for meat and poultry exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Macao SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, waning by X% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat and poultry export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of meat and poultry decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, meat and poultry imports plummeted to $X in 2022. Over the period under review, imports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, 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 meat and poultry imports to Hong Kong SAR, together accounting for X% of total imports. The Netherlands, Poland, Thailand, Vietnam, Germany, Canada and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest meat and poultry suppliers to Hong Kong SAR were China ($X), Brazil ($X) and the United States ($X), with a combined X% share of total imports. The Netherlands, Thailand, Vietnam, Canada, Poland, the UK and Germany lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of 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 meat and poultry import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat and poultry import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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