Price for Frozen Cuts and Edible Offal of Domestic Ducks in Hong Kong SAR - 2023

Contents:

1. Price for Frozen Cuts and Edible Offal of Domestic Ducks in Hong Kong SAR (CIF) - 2023
2. Price for Frozen Cuts and Edible Offal of Domestic Ducks in Hong Kong SAR (FOB) - 2023
3. Imports of Frozen Cuts and Edible Offal of Domestic Ducks in Hong Kong SAR
4. Exports of Frozen Cuts and Edible Offal of Domestic Ducks in Hong Kong SAR

Price for Frozen Cuts and Edible Offal of Domestic Ducks in Hong Kong SAR (CIF) - 2023

In November 2023, the average import price for frozen cuts and edible offal of domestic duckses amounted to $5,185 per ton, which is down by -26.2% against the previous month. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in August 2023 an increase of 67% m-o-m. Over the period under review, average import prices reached the peak figure at $7,022 per ton in October 2023, and then declined sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was France ($44,795 per ton), while the price for Thailand ($2,651 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen Cuts and Edible Offal of Domestic Ducks in Hong Kong SAR (FOB) - 2023

In November 2023, the average export price for frozen cuts and edible offal of domestic duckses amounted to $3,651 per ton, shrinking by -47.2% against the previous month. In general, the export price saw a perceptible slump. The pace of growth was the most pronounced in October 2023 when the average export price increased by 242% month-to-month. Over the period under review, the average export prices attained the maximum at $8,449 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($8,622 per ton), while the average price for exports to Vietnam totaled $973 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+3.0%).

Imports of Frozen Cuts and Edible Offal of Domestic Ducks in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of frozen cuts and edible offal of domestic duckses, which decreased by -39.5% to 1.8K tons in 2022. In general, imports continue to indicate a dramatic decrease. The smallest decline of -36.3% was in 2020.

In value terms, imports of frozen cuts and edible offal of domestic duckses declined dramatically to $6.3M in 2022. Over the period under review, imports continue to indicate a dramatic decline. The smallest decline of -29.4% was in 2021.

Top Suppliers of Frozen Cuts and Edible Offal of Domestic Ducks to Hong Kong SAR in 2022:

1. China (933.5 tons)
2. France (378.6 tons)
3. Hungary (157.2 tons)
4. South Korea (145.3 tons)
5. Poland (63.4 tons)
6. Thailand (61.0 tons)
7. Portugal (27.0 tons)

Exports of Frozen Cuts and Edible Offal of Domestic Ducks in Hong Kong SAR

Exports of frozen cuts and edible offal of domestic duckses from Hong Kong SAR dropped dramatically to 117 tons in 2022, which is down by -42.9% against the previous year's figure. In general, exports showed a sharp reduction. The smallest decline of -3.5% was in 2020.

In value terms, exports of frozen cuts and edible offal of domestic duckses reduced notably to $772K in 2022. Over the period under review, exports faced a sharp setback. The smallest decline of -6.7% was in 2020.

Top Export Markets for Frozen Cuts and Edible Offal of Domestic Ducks from Hong Kong SAR in 2022:

1. Macao SAR (79.9 tons)
2. South Korea (36.7 tons)

Source: IndexBox Market Intelligence Platform