Goats; Live Price in Hong Kong SAR - 2023

Goats; Live Price in Hong Kong SAR (CIF) - 2022

The average goats; live import price stood at $344 per unit in 2022, with an increase of 9.1% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, goats; live import price increased by +57.2% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 37%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +8.3% per year.

Goats; Live Imports in Hong Kong SAR

In 2022, the amount of goats; lives imported into Hong Kong SAR contracted remarkably to 1.3K units, reducing by -24.4% against 2021. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of 1.7K units, and then reduced markedly in the following year.

In value terms, goats; live imports shrank remarkably to $451K in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. As a result, imports attained the peak of $547K, and then shrank sharply in the following year.