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World - Canned Meat - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jun 23, 2020

Global Canned Meat Market Grows For the Fourth Consecutive Year

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IndexBox has just published a new report: 'World - Canned Meat - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

In 2019, the global canned meat market increased by 2.9% to $245.5B, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +3.2% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of 13% against the previous year. Global consumption peaked in 2019 and is likely to see steady growth in the immediate term.

Consumption By Country

China (10M tonnes) constituted the country with the largest volume of canned meat consumption, comprising approx. 18% of total volume. Moreover, canned meat consumption in China exceeded the figures recorded by the second-largest consumer, India (3.8M tonnes), threefold. The third position in this ranking was occupied by Russia (2.1M tonnes), with a 3.6% share.

In China, canned meat consumption increased at an average annual rate of +1.1% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+2.7% per year) and Russia (+1.7% per year).

In value terms, China ($45.8B) led the market, alone. The second position in the ranking was occupied by India ($16.7B). It was followed by Japan.

The countries with the highest levels of canned meat per capita consumption in 2019 were the UK (18 kg per person), Japan (16 kg per person) and Germany (15 kg per person).

Market Forecast 2019-2030

Driven by increasing demand for canned meat worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.2% for the period from 2019 to 2030, which is projected to bring the market volume to 58M tonnes by the end of 2030.

Production 2007-2019

For the fifth consecutive year, the global market recorded growth in production of canned meat, which increased by 1.6% to 57M tonnes in 2019. The total output volume increased at an average annual rate of +1.8% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 3.3% against the previous year. Over the period under review, global production hit record highs in 2019 and is likely to see gradual growth in the immediate term.

In value terms, canned meat production rose modestly to $1,808.7B in 2019 estimated in export prices. The total output value increased at an average annual rate of +3.9% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 

Production By Country

China (11M tonnes) remains the largest canned meat producing country worldwide, comprising approx. 19% of total volume. Moreover, canned meat production in China exceeded the figures recorded by the second-largest producer, India (3.8M tonnes), threefold. Russia (2.1M tonnes) ranked third in terms of total production with a 3.6% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in China totaled +1.0%. The remaining producing countries recorded the following average annual rates of production growth: India (+2.7% per year) and Russia (+1.8% per year).

Exports 2007-2019

In 2019, approx. 3.9M tonnes of canned meat were exported worldwide; standing approx. at the year before. The total export volume increased at an average annual rate of +2.7% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when exports increased by 8.9% against the previous year. Over the period under review, global exports hit record highs in 2019 and are expected to retain growth in years to come.

In value terms, canned meat exports rose modestly to $16.9B (IndexBox estimates) in 2019. The total export value increased at an average annual rate of +3.9% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 

Exports by Country

Thailand (632K tonnes), China (432K tonnes), Germany (358K tonnes), Poland (275K tonnes), the U.S. (272K tonnes), the Netherlands (236K tonnes), Brazil (217K tonnes), Belgium (149K tonnes), Ireland (145K tonnes), Denmark (144K tonnes) and France (139K tonnes) represented roughly 76% of total exports of canned meat in 2019. Italy (78K tonnes) held a relatively small share of total exports.

From 2007 to 2019, the biggest increases were in Poland, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Thailand ($2.9B), China ($1.9B) and Germany ($1.7B) appeared to be the countries with the highest levels of exports in 2019, together accounting for 38% of global exports. These countries were followed by the U.S., Poland, the Netherlands, Brazil, Ireland, Belgium, France, Denmark and Italy, which together accounted for a further 42%.

Export Prices by Country

In 2019, the average canned meat export price amounted to $4,278 per tonne, therefore, remained relatively stable against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2008 when the average export price increased by 12% year-to-year. Global export price peaked at $4,550 per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Ireland ($5,652 per tonne), while Poland ($3,607 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Imports 2007-2019

In 2019, purchases abroad of canned meat decreased by -0.4% to 3.8M tonnes for the first time since 2015, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.6% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of 12% y-o-y. Over the period under review, global imports hit record highs at 3.8M tonnes in 2018, and then dropped in the following year.

In value terms, canned meat imports declined to $16.3B (IndexBox estimates) in 2019. The total import value increased at an average annual rate of +3.6% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 

Imports by Country

Japan (723K tonnes) and the UK (584K tonnes) represented roughly 34% of total imports of canned meat in 2019. Germany (235K tonnes) occupied the next position in the ranking, followed by the Netherlands (192K tonnes) and China, Hong Kong SAR (181K tonnes). All these countries together held near 16% share of total imports. The following importers - France (153K tonnes), the U.S. (146K tonnes), Canada (128K tonnes), Belgium (104K tonnes), Ireland (102K tonnes), Denmark (77K tonnes) and Sweden (57K tonnes) - together made up 20% of total imports.

From 2007 to 2019, the biggest increases were in China, Hong Kong SAR, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($3.2B), the UK ($2.5B) and Germany ($1.1B) appeared to be the countries with the highest levels of imports in 2019, with a combined 41% share of global imports. The U.S., the Netherlands, France, Canada, China, Hong Kong SAR, Belgium, Ireland, Denmark and Sweden lagged somewhat behind, together comprising a further 32%.

In terms of the main importing countries, China, Hong Kong SAR recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average canned meat import price stood at $4,294 per tonne in 2019, flattening at the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2008 when the average import price increased by 12% y-o-y. Over the period under review, average import prices attained the peak figure at $4,656 per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($6,862 per tonne), while China, Hong Kong SAR ($3,121 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 10861010 - Homogenised preparations of meat, meat offal or blood (excluding sausages and similar products of meat, food preparations based on these products)
• Prodcom 10131505 - Prepared or preserved goose or duck liver (excluding sausages and prepared meals and dishes)
• Prodcom 10131515 - Prepared or preserved liver of other animals (excluding sausages and prepared meals and dishes)
• Prodcom 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)
• Prodcom 10131535 - Other prepared or preserved poultry meat (excluding sausages, preparations of liver and prepared meals and dishes)
• Prodcom 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)
• Prodcom 10131555 - Prepared or preserved meat of swine: shoulders and cuts thereof, of swine (excluding prepared meals and dishes)
• Prodcom 10131565 - Prepared or preserved meat, offal and mixtures of domestic swine, including mixtures, containing < .40 % meat or offal of any kind and fats of any kind (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
• Prodcom 10131575 - Other prepared or preserved meat, offal and mixtures of
• Prodcom 10131585 - Prepared or preserved meat or offal of bovine animals (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
• Prodcom 10131595 - Other prepared or preserved meat or offal, including blood

This report provides an in-depth analysis of the global canned meat market. 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 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

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
TOP EXPORTING COUNTRIES
5.4
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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