Hong Kong Livestock and Products Annual Report 2013

Hong Kong’s imports for pork are projected to reach 368,000 MT in 2014, with a modest rise of 2 percent from 2013. Buoyant inbound tourism and economy help boost trade. Production is expected to remain stable at around 138,000 MT. Pigs supplied locally and from China accounted for about 94 and 6 percent respectively. Supply of live pigs from China is forecast to be sufficient, as evidenced by the fact that pork prices in China have been decreasing. However, there is no likelihood that local farms will increase production significantly given the expensive land and labor cost in Hong Kong. Hong Kong is a mature market without remarkable fluctuations in demand when the re-export trade factor is excluded.