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Canada - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Oct 7, 2023

Canada's June 2023 Pork Exports Increase by 2% to $246M

Canada Pork Exports

In June 2023, the amount of pork exported from Canada amounted to 95K tons, remaining relatively unchanged against May 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when exports increased by 15% against the previous month.

In value terms, pork exports rose modestly to $246M (IndexBox estimates) in June 2023. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when exports increased by 16% against the previous month. Canada Pork Exports By Country (Million USD)

COUNTRY	Export Value of Pork in Canada (million USD)
COUNTRY	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023
United States	99.7	95.3	103	84.5	82.8	82.2	77.1	74.0	68.9	75.5	62.5	66.0	78.1
Japan	64.4	59.4	53.2	58.0	55.4	42.2	44.1	50.4	45.9	46.0	41.9	53.4	53.9
Mexico	27.4	28.0	29.4	20.5	31.0	24.2	20.4	19.4	17.3	18.8	7.9	22.7	32.3
Philippines	28.4	19.4	14.5	10.5	9.6	4.0	2.1	6.0	12.8	18.3	18.1	30.1	27.1
China	14.2	16.3	17.7	29.2	43.6	40.1	33.9	25.3	21.9	29.0	30.6	28.8	20.4
South Korea	18.0	18.0	14.4	12.5	13.8	7.2	8.0	8.6	13.4	11.6	17.0	12.5	12.9
Taiwan (Chinese)	4.4	3.6	2.4	2.1	2.6	1.2	4.9	5.8	7.5	11.3	16.4	17.2	9.6
Others	15.2	11.0	11.0	11.4	10.6	9.4	6.4	10.7	12.8	15.3	13.3	10.6	11.9
Total	272	251	245	229	249	211	197	200	200	226	208	241	246

Exports by Country

The United States (25K tons), Mexico (17K tons) and Japan (15K tons) were the main destinations of pork exports from Canada, with a combined 60% share of total exports. China, the Philippines, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 34%.

From June 2022 to June 2023, the biggest increases were in Taiwan (Chinese) (with a CAGR of +6.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($78M), Japan ($54M) and Mexico ($32M) were the largest markets for pork exported from Canada worldwide, with a combined 67% share of total exports. the Philippines, China, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Frozen pig meat other than cuts or carcases (36K tons), fresh or chilled pig meat other than cuts or carcases (33K tons) and fresh or chilled hams, shoulders and cuts of pig meat (16K tons) were the main products of pork exports from Canada, with a combined 90% share of total exports. Frozen hams, shoulders and cuts of pig meat, fresh or chilled carcases of pig meat and frozen carcases of pig meat lagged somewhat behind, together comprising a further 9.8%.

From June 2022 to June 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by fresh pork carcase (with a CAGR of +2.8%), while the other products experienced mixed trend patterns.

In value terms, fresh or chilled pig meat other than cuts or carcases ($104M), frozen pig meat other than cuts or carcases ($83M) and fresh or chilled hams, shoulders and cuts of pig meat ($40M) were the most exported types of pork from Canada worldwide, together comprising 92% of total exports. Frozen hams, shoulders and cuts of pig meat, fresh or chilled carcases of pig meat and frozen carcases of pig meat lagged somewhat behind, together comprising a further 7.5%.

Among the main product categories, fresh pork carcase, with a CAGR of +2.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices by Country

In June 2023, the pork price amounted to $2,595 per ton (FOB, Canada), remaining constant against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 2.7% against the previous month. The export price peaked at $2,888 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Japan ($3,599 per ton), while the average price for exports to China ($1,573 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pork 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:

FCL 1035 - 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
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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023

Canada - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights

Canada's June 2023 Pork Exports Increase by 2% to $246M

Canada Pork Exports

Exports by Country

Exports by Type

Export Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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