Chinese demand drives growth in Hong Kong imports
The Hong Kong import market has shown significant growth this year, with fresh/frozen pork volumes in January to September up 47% on the first nine months of 2015, to reach 250,000 tonnes.
This is likely related to the strong demand from China, with Hong Kong re-exporting a significant proportion of imported meat into this destination. As such, the reported export volume to China has almost quadrupled on 2015 for the January-September period, reaching 43,700 tonnes. A decline in domestic production, due to reduced live imports from China, where the pig price has rocketed, has also likely buoyed the demand for imported pig meat.
Brazil has remained the primary source of imported pork in Hong Kong, with volumes almost doubling on the year to the end of September. However, the US has made significant gains, increasing its market share by 7% on 2015, following shipment volumes tripling to 38,300 tonnes. Hong Kong does not hold the same ban on Racotampine-treated pork as China and so some US producers may have found this market easier to access.
Shipments from EU countries have increased in line with total imports, though some Member States have made notable advances. Though from a small base, Italian imports trebled during the first nine months of the year, to almost 3,000 tonnes. Spanish shipments more than doubled, giving them a 5% share of the total import market. UK volumes also more than doubled during this period, to 2,800 tonnes.
Bethan Wilkins, Trainee Analyst
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