Hong Kong SAR, China: Market for Meat of Camels and Other Animals 2024

Market Size for Meat of Camels and Other Animals in Hong Kong SAR, China

The Hong Kong market for meat of camels and other animals dropped to $X in 2022, with a decrease of -3% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.1% against 2020 indices. Camel and other animal meat consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Meat of Camels and Other Animals in Hong Kong SAR, China

In value terms, camel and other animal meat production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 206%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Meat of Camels and Other Animals

Exports from Hong Kong SAR, China

In 2022, the amount of meat of camels and other animals exported from Hong Kong SAR dropped markedly to X tons, waning by -48.8% compared with the year before. In general, exports recorded a precipitous decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 30%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, camel and other animal meat exports declined notably to $X in 2022. Over the period under review, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2016 with an increase of 293%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for camel and other animal meat exports from Hong Kong SAR, accounting for a 76% share of total exports. Moreover, camel and other animal meat exports to Macao SAR exceeded the volume sent to the second major destination, Vietnam (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR stood at -4.8%.

In value terms, Macao SAR ($X) remains the key foreign market for meat of camels and other animals exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR was relatively modest.

Export Prices by Country

The average export price for meat of camels and other animals stood at $X per ton in 2022, with an increase of 55% against the previous year. Over the period under review, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 202%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign 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 Vietnam amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+6.1%), while the prices for the other major destinations experienced a decline.

Imports of Meat of Camels and Other Animals

Imports into Hong Kong SAR, China

In 2022, camel and other animal meat imports into Hong Kong SAR contracted to X tons, with a decrease of -3.5% compared with 2021. Over the period under review, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 when imports increased by 54%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, camel and other animal meat imports reached $X in 2022. Overall, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.2% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) was the main supplier of camel and other animal meat to Hong Kong SAR, accounting for a 91% share of total imports. It was followed by South Africa (X tons), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+5.1% per year) and Thailand (-15.3% per year).

In value terms, China ($X) constituted the largest supplier of meat of camels and other animals to Hong Kong SAR, comprising 80% of total imports. The second position in the ranking was taken by South Africa ($X), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+14.2% per year) and Thailand (-15.7% per year).

Import Prices by Country

The average import price for meat of camels and other animals stood at $X per ton in 2022, increasing by 5.7% against the previous year. Overall, the import price enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 73% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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