Hong Kong SAR, China: Preserved Pork Market 2021

Preserved Pork Market Size in Hong Kong SAR, China

The Hong Kong preserved pork market rose significantly to $X in 2020, with an increase of X% against the previous year. Overall, the total consumption indicated a measured expansion 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 2013 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Preserved pork consumption peaked in 2020 and is expected to retain growth in the near future.

Preserved Pork Production in Hong Kong SAR, China

In value terms, preserved pork production expanded sharply to $X in 2020 estimated in export prices. Overall, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Preserved pork production peaked in 2020 and is likely to see gradual growth in years to come.

Preserved Pork Exports

Exports from Hong Kong SAR, China

In 2020, shipments abroad of pig meat salted (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the second year in a row after four years of growth. In general, exports showed a mild decrease. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, preserved pork exports declined sharply to $X in 2020. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Macao SAR (X tons) was the main destination for preserved pork exports from Hong Kong SAR, accounting for a X% share of total exports. It was followed by China (X kg), with a X% share of total exports.

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

In value terms, Macao SAR ($X) remains the key foreign market for preserved pork exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.

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

Export Prices by Country

The average preserved pork export price stood at $X per ton in 2020, growing by X% against the previous year. In general, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2020, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to China stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR.

Preserved Pork Imports

Imports into Hong Kong SAR, China

In 2020, supplies from abroad of pig meat salted (salted, in brine, dried or smoked) increased by X% to X tons for the first time since 2014, thus ending a five-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Imports peaked at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, preserved pork imports soared to $X in 2020. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of preserved pork to Hong Kong SAR, accounting for a X% share of total imports. Moreover, preserved pork imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. The third position in this ranking was occupied by Italy (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Italy (+X% per year).

In value terms, China ($X) constituted the largest supplier of preserved pork to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2020, the average preserved pork import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :