What is the price of pig fat per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong pig fat is between US$ 1.47 and US$ 1.76 per kilogram or between US$ 0.67 and US$ 0.80 per pound(lb). Click here to see today's exact prices of pig fat in Hong Kong
The retail price range in Hong Kong Dollar for pig fat is between HKD 11.46 and HKD 13.76 per kilogram or between HKD 5.20 and HKD 6.24 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong pig fat is between US$ 1.03 and US$ 1.23 per kilogram or between US$ 0.47 and US$ 0.56 per pound(lb).
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Hong Kong Pig Fat Export Prices - Historical, Trends and Prediction
The export price of Pig Fat from Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $1.45, which increased to $1.60 in 2019. In 2020, the price rose to $1.75, and in 2021, it further increased to $1.90. The most recent data shows that the export price of Pig Fat from Hong Kong in 2022 was $2.05 per kilogram. Looking at the trend, it is likely that the export price of Pig Fat from Hong Kong will continue to increase in the coming years. Based on the data, it is predicted that the export price of Pig Fat from Hong Kong in 2023 will be around $2.20 per kilogram, and in 2024, it will be around $2.35 per kilogram.The exports of pig fat from Hong Kong are classified as:
- Pig fat, rendered or otherwise extracted (excluding lard) (HS code 150120)
- Lard, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150110)
- Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020900)
- Pig fat, free of lean meat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020910)
- Pig fat, incl. lard, and poultry fat, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150100)
Hong Kong Pig Fat Import Prices - Historical, Trends and Prediction
The import price of Pig Fat into Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $1.20, which increased to $1.50 in 2019. In 2020, the price rose to $1.80, and in 2021 it further increased to $2.10. The most recent data shows that the import price of Pig Fat into Hong Kong in 2022 was $2.40 per kilogram. Overall, the import price of Pig Fat into Hong Kong has seen a steady increase of 20 cents per kilogram each year over the past five years. This trend is likely to continue in the coming years, and it is predicted that the import price of Pig Fat into Hong Kong in 2023 will be $2.60 per kilogram, and in 2024 it will be $2.80 per kilogram.Export values for Hong Kong pig fat
The total values in export for pig fat in Hong Kong were US$ 2,311, US$ 1,494, US$ 1,808 and US$ 1,788 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in Hong Kong: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of pig fat in other countries across Asia: Kazakhstan pig fat, Kyrgyzstan pig fat, Tajikistan pig fat, Turkmenistan pig fat, Uzbekistan pig fat, China pig fat, Hong Kong pig fat, Macao pig fat, North Korea pig fat & Mongolia pig fat.
Hong Kong pig fat - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong sold 2,328 tonnes of pig fat. In 2019 alone, the market for Hong Kong pig fat (meat category) has escalated, with a change of 14.118 % compared to the year 2018. Between 2017 and 2019, pig fat's exports grew by 23.24% earning the country US$1.79m for the year 2019. Hong Kong's pig fat exports are categorised as:
- Pig fat, free of lean meat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020910)
- Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked (HS code 020900)
- Pig fat, rendered or otherwise extracted (excluding lard) (HS code 150120)
- Lard, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150110)
- Pig fat, incl. lard, and poultry fat, rendered or otherwise extracted (excluding lard stearin and lard oil) (HS code 150100)
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Hong Kong pig fat export values
In 2019, Hong Kong exported pig fat valued at 1.79m USD, a contraction of -1.00% from 2018's total pig fat export of 1.808m USD. The annual change in value of Hong Kong pig fat between 2017 to 2018 was 21.017 pc.
The annual change in the amount of Hong Kong's pig fat exports between 2017 and 2019 was 23.24 percent when compared to a variation of 14.118% in the growth rate between 2018 and 2019.
Export markets for Hong Kong pig fat ( in '000$ )
Hong Kong's top export markets for pig fat are Macao, Vietnam and China.
Hong Kong ordered 7,194 tonnes of pig fat in 2019.