Price for Offal, Edible; of Swine, Livers, Frozen in Hong Kong SAR - 2023

Contents:

1. Price for Offal, Edible; of Swine, Livers, Frozen in Hong Kong SAR (CIF) - 2022
2. Imports of Offal, Edible; of Swine, Livers, Frozen in Hong Kong SAR

Price for Offal, Edible; of Swine, Livers, Frozen in Hong Kong SAR (CIF) - 2022

The average import price for offal, edible; of swine, livers, frozen stood at $1,123 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24% against the previous year. The import price peaked at $1,164 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($1,504 per ton), while the price for South Korea ($748 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Offal, Edible; of Swine, Livers, Frozen in Hong Kong SAR

In 2022, imports of offal, edible; of swine, livers, frozen into Hong Kong SAR surged to 720 tons, growing by 19% compared with the previous year. The total import volume increased at an average annual rate of +13.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of offal, edible; of swine, livers, frozen soared to $809K in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Offal, Edible; of Swine, Livers, Frozen to Hong Kong SAR in 2022:

1. South Korea (302.2 tons)
2. Australia (274.2 tons)
3. Netherlands (108.6 tons)
4. Japan (22.5 tons)
5. Poland (2.0 tons)

Source: IndexBox Market Intelligence Platform