Overview of the Market for Frozen Pig Meat Other Than Cuts Or Carcases in China, Hong Kong SAR
In value terms, production of frozen pig meat other than cuts or carcases reduced rapidly to $ in 2019 estimated in export prices. In general, production showed tangible growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2018 to 2019, production growth remained at a somewhat lower figure.
The average yield of frozen pig meat other than cuts or carcases in China, Hong Kong SAR amounted to kg per head in 2019, approximately mirroring the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by % y-o-y. The yield of frozen pig meat other than cuts or carcases peaked in 2019 and is likely to continue growth in the immediate term.
The number of animals slaughtered for frozen pig meat other than cuts or carcases production in China, Hong Kong SAR reduced to heads in 2019, which is down by -% on the previous year. Overall, the number of producing animals recorded a mild decrease. The most prominent rate of growth was recorded in 2009 with an increase of % y-o-y. Over the period under review, this number attained the maximum level at heads in 2007; however, from 2008 to 2019, producing animals failed to regain the momentum.
The revenue of the market for frozen pig meat other than cuts or carcases in China, Hong Kong SAR fell notably to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a pronounced curtailment. The pace of growth appeared the most rapid in 2011 when the market value increased by % year-to-year. Consumption peaked at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.