Hong Kong Beef Imports Slow Down In August
HONG KONG - Beef imports into Hong Kong during August decreased 40 per cent year-on-year, to 9,137 tonnes swt, reports Meat and Livestock Australia (MLA).
13 October 2011
1 minute read
MLA reports that total imports in the eight months to August 2011 fell 18 per cent compared with the same period in 2010, to 74,951 tonnes swt, attributed to lower volumes from Argentina (down 65 per cent), Australia (down 22 per cent), Brazil (down 48 per cent), New Zealand (down 19 per cent) and Uruguay (down 74 per cent).
Hong Kong's imported beef market share profile has changed over the past 12 months, with Brazil's market share falling 17 percentage points, although still remaining the largest supplier (33 per cent market share) during 2011.
The US was close behind with 31 per cent market share.
MLA states that during the first eight months of 2011, Australia continued to be the largest supplier of chilled beef in Hong Kong, accounting for 43 per cent of the total chilled beef imports into the market, followed by US with 24 per cent market share.
TheCattleSite News Desk
