Non-rendered pig fat free of lean meat market in Hong Kong

Earlier Report Observations

The market for non-rendered pig fat in Hong Kong began the period at 6 382 tonnes in 2018. The outbreak of African swine fever in the region reduced pork supplies, leading to a surge in imports to 2 819 tonnes in 2019, which expanded the market to 7 357 tonnes. However, in 2020, COVID-19 containment measures disrupted supply chains and dampened demand, causing imports to drop to 1 321 tonnes and shrinking the market to 5 793 tonnes.

From 2021, government policies to regulate pork production capacity, including the culling of low-yield sows, contributed to a decline in local production, which fell to 3 961 tonnes. Despite a slight import recovery, the market contracted to 5 552 tonnes. In 2022, production rebounded to 4 506 tonnes amid ongoing capacity adjustments, but imports continued to fall, resulting in a modest market growth to 5 786 tonnes. By 2023, excess pork capacity and sluggish foodservice demand led to further drops in both production (4 147 tonnes) and imports (1 225 tonnes), bringing the market down to 5 290 tonnes.

In 2024, imports stabilised at 1 252 tonnes, as the market continued to adjust to persistent capacity regulation and adequate pork supply.

Production non-rendered pig fat free of lean meat in Hong Kong

In kind, 2017-2020, t

Top producers of non-rendered pig fat free of lean meat, 2017-2020

World map of production of non-rendered pig fat free of lean meat, 2017-2020

In 2020, Hong Kong produced 4 588 tons of non-rendered pig fat free of lean meat, showing only a marginal fluctuation compared to 2019. The largest decline was recorded in 2018 at 0.0%, while the largest increase also occurred in 2018 at 0.0%.

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

Exports non-rendered pig fat free of lean meat from Hong Kong

Exports in kind, t

Hong Kong's exports of non-rendered pig fat free of lean meat increased for the third consecutive year. In 2020, exports reached 116 tons, marking a steep improvement of 129.0% compared to the previous year. Between 2017 and 2020, exports grew by 2 968.9%, equating to an annualized rate of 213.1%.

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

From 2017 to 2020, Macao and Thailand played key roles in Hong Kong's exports of non-rendered pig fat free of lean meat in kind, 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

Hong Kong's foreign exports of non-rendered pig fat free of lean meat increased for the third consecutive year. In 2020, exports were recorded at 188 thousand US dollars, reflecting an intense improvement of 82.5% compared to the previous year. Between 2017 and 2020, exports increased by 2 652.5%, equating to an annualized rate of 201.9%.

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

Over the period 2017–2020, Macao and Thailand dominated the geographical structure of Hong Kong's exports of non-rendered pig fat free of lean meat 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 non-rendered pig fat free of lean meat to Hong Kong

Imports in kind, t

After a two-year rise, Hong Kong's imports of non-rendered pig fat free of lean meat declined. In 2020, imports totaled 1 321 tons, marking a sharp drop of 53.2% versus the previous year. Over the period 2017-2020, imports decreased by 15.2%, with a compound annual growth rate of 5.4%. The maximum value was recorded in 2019 at 2 819 tons, which also saw the largest increase of 54.0%.

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

Throughout 2017–2020, Poland, Canada, and Spain formed the core of Hong Kong's imports of non-rendered pig fat free of lean meat in kind, accounting for 57.2%, 13.8%, and 9.2% of imports, respectively, and together taking 80.2% 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

Volatility characterized the market behavior during these years. The maximum value was recorded in 2019 at 3 915 thousand US dollars, while the minimum was in 2017, resulting in a 2.3-fold variation between these years. In 2020, Hong Kong's foreign imports of non-rendered pig fat free of lean meat reached 2 292 thousand US dollars, which is 41.5% lower versus the previous year. The largest increase was recorded in 2019 at 105.9%.

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

Throughout 2017–2020, Poland, Canada, and Spain formed the core of Hong Kong's imports of non-rendered pig fat free of lean meat in value terms, accounting for 54.6%, 18.4%, and 7.4% of imports, respectively, and together taking 80.4% 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