Among the Asian countries, Hong Kong has the highest meat prices, at 61 per cent more expensive than the average global cost, followed by South Korea (37.3 per cent more expensive), according to a study conducted by London-based Caterwings
Malaysia has the least expensive meat prices, at 50.3 per cent less expensive than the global average, find the study.
Switzerland has the highest meat prices, at 141.9 per cent more expensive than the average cost worldwide and Ukraine has the least expensive meat prices, at 52.3 per cent less expensive than the average cost.
To create the Index, Caterwings looked at the 50 meat producing and consuming countries around the world focusing on beef, chicken, seafood, pork and lamb. The findings confirmed that the price of BBQ favourites varies massively from country to country, with an enormous disparity in the quantity of meats consumed around the world.
The top five Asian countries with most and the least expensive beef prices (with respect to Switzerland and Ukraine) are:
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The top five Asian countries with the most and the least expensive chicken prices (with respect to Switzerland and Ukraine) are:
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The top five Asian countries with the most and the least expensive fish prices (with respect to Switzerland and Ukraine) are:
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The top five Asian countries with the most and the least expensive pork prices (with respect to Switzerland and Ukraine) are:
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The top five Asian countries with the most and the least expensive lamb prices (with respect to Switzerland and Ukraine) are:
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Major findings:
· Hong Kong, South Korea, Japan and Singapore come in the top 10 most expensive countries around the world.
· Thailand, Indonesia, Vietnam, India and Malaysia come under the top 10 least expensive countries.
· Australians have the highest meat consumption at 111.5kg per person per year and Indian’s have the lowest with 4.4kg per person per year.
· Australians on minimum wage need to work 1.5 hours to buy the same amount of beef that those on minimum wage in Switzerland can purchase after 3.1 hours of work.
· Indians on minimum wage need to work 10.5 hours to buy the same amount of chicken that those on minimum wage in Ukraine can purchase after 3.4 hours of work.
· Despite Indians on minimum wage needing to work the most number of hours to afford three types of meat, the overall price of their meat is -42.3 per cent of the cost in comparison to the global average.
For more information, please visit www.caterwings.co.uk/caterers/meat-price-index
