Latest Report Update: May 1, 2023
Canada - Frozen Hams, Shoulders And Cuts Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
Subscription
Online access and download
from $280/month
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
Article Publishing Date: Apr 21, 2023
Canada's Frozen Pork Cut Prices Slight Decrease to $1,921 per Ton
Canada Frozen Pork Cut Export Price in December 2022
In December 2022, the frozen pork cut price amounted to $1,921 per ton (FOB, Canada), declining by -1.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in May 2022 an increase of 12% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,951 per ton in November 2022, and then reduced slightly in the following month.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was the United States ($3,215 per ton), while the average price for exports to Mexico ($1,518 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Price of Frozen Pork Cut in Canada (USD per ton) | |||||||||||||
| United States | 2,097 | 2,238 | 2,110 | 1,907 | 2,058 | 2,364 | 2,434 | 2,944 | 3,018 | 3,223 | 2,514 | 2,845 | 3,215 |
| Colombia | 2,536 | 882 | 1,033 | 1,255 | N/A | 1,784 | 2,077 | 2,012 | N/A | 1,660 | 2,275 | 2,997 | 2,012 |
| Taiwan (Chinese) | 1,049 | 967 | 1,236 | 1,074 | 976 | 1,081 | 649 | 1,489 | 1,930 | 511 | 1,111 | 1,656 | 1,912 |
| Philippines | 1,728 | 1,547 | 1,389 | 1,514 | 1,577 | 1,891 | 1,851 | 1,985 | 1,733 | 1,936 | 1,708 | 1,544 | 1,889 |
| China | 1,481 | 1,405 | 1,375 | 1,442 | 1,361 | 1,527 | 1,731 | 1,831 | 1,824 | 1,436 | 1,489 | 1,787 | 1,859 |
| South Korea | 1,694 | 1,986 | 2,161 | 1,538 | 1,705 | 1,754 | 1,833 | 1,778 | 1,768 | 1,682 | 1,796 | 1,694 | 1,574 |
| Mexico | 1,279 | 1,578 | 1,051 | 1,195 | 1,929 | 1,942 | 2,577 | 1,880 | 2,027 | 1,571 | 1,911 | 2,069 | 1,518 |
| Average | 1,621 | 1,534 | 1,535 | 1,505 | 1,624 | 1,825 | 1,859 | 1,934 | 1,902 | 1,926 | 1,829 | 1,951 | 1,921 |
Canada Frozen Pork Cut Exports
In December 2022, exports of frozen hams, shoulders and cuts of pig meat from Canada soared to 10K tons, with an increase of 82% against the month before. Overall, exports, however, recorded a slight decline.
In value terms, frozen pork cut exports soared to $19M (IndexBox estimates) in December 2022. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Canada Frozen Pork Cut Exports by Country
China (7.8K tons) was the main destination for frozen pork cut exports from Canada, with a 77% share of total exports. Moreover, frozen pork cut exports to China exceeded the volume sent to the second major destination, the United States (604 tons), more than tenfold. The third position in this ranking was taken by Mexico (316 tons), with a 3.1% share.
From December 2021 to December 2022, the average monthly growth rate of volume to China amounted to +4.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (-7.7% per month) and Mexico (-3.9% per month).
In value terms, China ($15M) remains the key foreign market for frozen pork cut exports from Canada, comprising 75% of total exports. The second position in the ranking was held by the United States ($1.9M), with a 10% share of total exports. It was followed by Mexico, with a 2.5% share.
From December 2021 to December 2022, the average monthly growth rate of value to China amounted to +6.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (-4.3% per month) and Mexico (-2.5% per month).
This report provides an in-depth analysis of the frozen pork cut market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 10113250 - Frozen hams, shoulders and cuts with bone in, of pig meat
Country coverage:
• Canada
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Canada
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Yield And Growth
Figure 16:
Exports And Growth
Figure 17:
Export Prices And Growth
Figure 18:
Market Size And Growth
Figure 19:
Per Capita Consumption
Figure 20:
Imports And Growth
Figure 21:
Import Prices
Figure 22:
Production, In Physical Terms, 2012–2022
Figure 23:
Production, In Value Terms, 2012–2022
Figure 24:
Producing Animals Slaughtered, 2012–2022
Figure 25:
Yield, 2012–2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country Of Origin, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, By Country Of Destination, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Webinar: Decarbonisation and Your Business Strategy - Steps and Practices
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
•
•
•
