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Hong Kong SAR, China - Fresh or Chilled Whole Chickens - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong SAR, China: Fresh Whole Chicken Market 2024
Fresh Whole Chicken Market Size in Hong Kong SAR, China
For the third consecutive year, the Hong Kong fresh whole chicken market recorded growth in sales value, which increased by 20% to $X in 2021. In general, consumption saw a resilient expansion. Fresh whole chicken consumption peaked in 2021 and is likely to see gradual growth in the near future.
Fresh Whole Chicken Exports
Exports from Hong Kong SAR, China
In 2021, shipments abroad of fresh or chilled whole chickens decreased by -13.9% to X tons, falling for the third consecutive year after seven years of growth. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 6,298% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.
In value terms, fresh whole chicken exports contracted dramatically to $X in 2021. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 2,172%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.
Exports by Country
The Philippines (X tons) was the main destination for fresh whole chicken exports from Hong Kong SAR, with a 98% share of total exports. It was followed by Macao SAR (X kg), with a 2.4% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to the Philippines totaled -34.0%.
In value terms, the Philippines ($X) emerged as the key foreign market for fresh or chilled whole chickens exports from Hong Kong SAR, comprising 91% of total exports. The second position in the ranking was held by Macao SAR ($X), with an 8.9% share of total exports.
From 2012 to 2021, the average annual growth rate of value to the Philippines totaled -30.0%.
Export Prices by Country
The average fresh whole chicken export price stood at $X per ton in 2021, dropping by -39.6% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 97% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was Macao SAR ($X per ton), while the average price for exports to the Philippines totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+6.1%).
Fresh Whole Chicken Imports
Imports into Hong Kong SAR, China
In 2021, approx. X tons of fresh or chilled whole chickens were imported into Hong Kong SAR; growing by 13% against the previous year. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +102.3% against 2013 indices. The pace of growth appeared the most rapid in 2015 with an increase of 22%. Imports peaked in 2021 and are expected to retain growth in years to come.
In value terms, fresh whole chicken imports skyrocketed to $X in 2021. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2016 when imports increased by 32%. Imports peaked in 2021 and are likely to see gradual growth in the near future.
Imports by Country
In 2021, China (X tons) was the main supplier of fresh whole chicken to Hong Kong SAR, accounting for a approx. 100% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from China stood at +8.0%.
In value terms, China ($X) constituted the largest supplier of fresh or chilled whole chickens to Hong Kong SAR.
From 2012 to 2021, the average annual growth rate of value from China totaled +14.8%.
Import Prices by Country
The average fresh whole chicken import price stood at $X per ton in 2021, growing by 7.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +6.2%. The growth pace was the most rapid in 2013 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2021, the rate of growth in terms of prices for China amounted to +6.2% per year.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the fresh whole chicken 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 10121010 - Fresh or chilled whole chickens
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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