Goat meat market in Hong Kong

Earlier Report Observations

From 2018 to 2023, the goat meat market volume in Hong Kong more than halved, falling from 1 373 t to 623 t. The most severe contraction occurred in 2019 when the market size dropped to 707 t, followed by fluctuations in subsequent years.

Domestic production remained modest, peaking at 88 t in 2019 before declining to 76 t by 2023. The market was primarily shaped by imports, which plummeted from 1 376 t in 2018 to 575 t in 2023, driving the overall market contraction. Exports also fell from 82 t to 27 t over the same period, though their impact on total market volume was less pronounced.

In 2024, imports further decreased to 562 t while exports rose to 33 t. Global factors such as rising halal meat demand from nearly 1.9 billion consumers and significant improvements in cold-chain logistics influenced international trade flows. The emergence of new product segments like fresh and frozen ground goat meat with 'free range' and 'Halal' labeling, alongside regulatory changes such as origin labeling requirements in key export regions, contributed to shifting trade dynamics.

Production goat meat in Hong Kong

In kind, 2017-2020, t

Top producers of goat meat, 2017-2020

World map of production of goat meat, 2017-2020

Hong Kong produced 84.0 t of goat meat in 2020, marking a 4.4% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 8.8%, which translates to an average annual decline of 3.0%. The lowest production level was recorded in 2018 at 79.1 t. That year also saw the largest drop, with production shrinking by 14.2%. In contrast, 2019 experienced the biggest increase, with production rising by 11.1%.

Annual dynamics of production in Hong Kong in kind, 2017-2020, t

Exports goat meat from Hong Kong

Exports in kind, t

The data shows irregular changes, pointing to a volatile market environment. Exports reached their lowest point in 2019 and peaked in 2020, with a 3.8-fold difference between these years. In 2020, Hong Kong exported 99 t of goat meat, representing a sharp increase of 278.0% compared to 2019. The minimum export volume was recorded in 2019 at 26 t, which also saw the largest decline of 68.0%.

Annual dynamics of product's exports from Hong Kong in kind, 2017-2020, t

From 2017 to 2020, Macao and Vietnam formed the core of Hong Kong's goat meat exports in volume terms, together accounting for 100.0% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Hong Kong in kind, 2017-2020

Exports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Export values fluctuated, with the low point in 2019 and the high in 2020, showing a 1.9-fold gap. In 2020, Hong Kong's goat meat exports reached 413 K $ US, reflecting a sharp rise of 93.7% year-over-year. The minimum value was recorded in 2019 at 213 K $ US, which also experienced the largest decline of 41.5%.

Annual dynamics of product's exports from Hong Kong in value, 2017-2020, K $ US

Between 2017 and 2020, two markets—Macao and Vietnam—dominated Hong Kong's goat meat exports in value terms, jointly accounting for 100.0% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Hong Kong in value, 2017-2020

Imports goat meat to Hong Kong

Imports in kind, t

After a two-year contraction, Hong Kong's goat meat imports increased. In 2020, imports totaled 783 t, up by 21.4% from the prior year. Over the period from 2017 to 2020, imports decreased by 61.4%, with a compound annual growth rate of -27.2%. The minimum import volume was recorded in 2019 at 645 t, which also saw the largest decline of 53.1%.

Annual dynamics of product's imports to Hong Kong in kind, 2017-2020, t

Throughout 2017 to 2020, China played a dominant role in Hong Kong's goat meat imports in volume terms, consistently accounting for 90.8% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Hong Kong in kind, 2017-2020

Imports in value, K $ US

Following a two-year decrease, Hong Kong's goat meat import volumes rose. In 2020, imports amounted to 8 159 K $ US, an increase of 28.3% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 51.1%, with a compound annual growth rate of -21.2%. The minimum value was recorded in 2019 at 6 362 K $ US, which also experienced the largest decline of 49.3%.

Annual dynamics of product's imports to Hong Kong in value, 2017-2020, K $ US

From 2017 to 2020, imports in value terms remained heavily focused on China, which accounted for 93.5% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Hong Kong in value, 2017-2020