Report Update Nov 1, 2024

Hong Kong SAR, China - Sausages and Similar Products of Meat - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Sausage Market 2024

Sausage Market Size in Hong Kong SAR, China

In 2021, the Hong Kong sausage market decreased by -7.4% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Sausage Exports

Exports from Hong Kong SAR, China

Sausage exports from Hong Kong SAR expanded rapidly to X tons in 2021, picking up by 8.3% against the year before. Over the period under review, exports, however, continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 1,527%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, sausage exports fell significantly to $X in 2021. Overall, exports continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2020 with an increase of 286% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Macao SAR (X tons) was the main destination for sausage exports from Hong Kong SAR, accounting for a 98% share of total exports. It was followed by China (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR was relatively modest.

In value terms, Macao SAR ($X) remains the key foreign market for sausages and similar products of meat exports from Hong Kong SAR, comprising 99% of total exports. The second position in the ranking was held by China ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Macao SAR totaled +3.5%.

Export Prices by Country

In 2021, the average sausage export price amounted to $X per ton, shrinking by -73.6% against the previous year. Overall, the export price, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2015 an increase of 617% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.0%).

Sausage Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of sausages and similar products of meat were imported into Hong Kong SAR; declining by -10.1% on the year before. In general, imports saw a mild downturn. The most prominent rate of growth was recorded in 2019 with an increase of 19%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, sausage imports declined to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 16% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then reduced modestly in the following year.

Imports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main suppliers of sausage imports to Hong Kong SAR, with a combined 87% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +24.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sausage suppliers to Hong Kong SAR were the United States ($X), China ($X) and Japan ($X), with a combined 81% share of total imports.

Japan, with a CAGR of +17.1%, recorded 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 sausage import price stood at $X per ton in 2021, increasing by 7.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2020 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sausages and similar products of meat in the world?

China constituted the country with the largest volume of sausage consumption, comprising approx. 28% of total volume. Moreover, sausage consumption in China exceeded the figures recorded by the second-largest consumer, Brazil, fourfold. The United States ranked third in terms of total consumption with a 7% share.

What are the largest producers of sausages and similar products of meat in the world?

China remains the largest sausage producing country worldwide, comprising approx. 28% of total volume. Moreover, sausage production in China exceeded the figures recorded by the second-largest producer, Brazil, threefold. The United States ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of sausages and similar products of meat to Hong Kong SAR, China?

In value terms, the largest sausage suppliers to Hong Kong SAR were the United States, China and Japan, with a combined 81% share of total imports.

What are the leading importers of sausages and similar products of meat from Hong Kong SAR, China?

In value terms, Macao SAR remains the key foreign market for sausage exports from Hong Kong SAR, comprising 99% of total exports. The second position in the ranking was occupied by China, with a 1.2% share of total exports.

What is the average export price for sausages and similar products of meat in Hong Kong SAR, China?

The average sausage export price stood at $4,765 per ton in 2021, growing by 12% against the previous year.

What is the average import price for sausages and similar products of meat in Hong Kong SAR, China?

The average sausage import price stood at $4,260 per ton in 2021, with an increase of 7.2% against the previous year.

This report provides an in-depth analysis of the sausage market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10131430 - Liver sausages and similar products and food preparations based thereon (excluding prepared meals and dishes)
Prodcom 10131460 - Sausages and similar products of meat, offal or blood and food preparations based thereon (excluding liver sausages and prepared meals and dishes)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023