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U.S. - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jun 10, 2021

American Pork Exports See Record Growth Due to Surging Demand in Asia-Pacific

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IndexBox has just published a new report: 'U.S. - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

Over the previous year, the U.S. has seen pork exports hit record highs, largely due to unprecedented demand from China and the Philippines, where livestock numbers have fallen dramatically after the outbreaks of African swine fever. The U.S. is forecast to achieve a 5% growth in pork production in 2021 and exports are projected to remain high, driven by robust both domestic and foreign demand.

Key Trends and Insights

In 2020, American pork exports reached a record 2.4M tonnes (IndexBox estimates), an increase of 26% against the previous year. The key foreign markets for American for pork include China (733K tonnes), Japan (350K tonnes) and Mexico (571K tonnes), together accounting for 70% of exports. 

Pork supplies from the U.S. to China increased more than twofold in 2020. Following an outbreak of African swine fever in 2018, China's pig livestock population decreased by 27%. It forced the country to offset these losses with ongoing meat supplies from abroad. The Philippines and Vietnam were also similarly affected by the spread of swine fever, and American pork exports to both countries surged in 2020. The reduction in import tariffs for American products under the current trading agreement between the U.S. and Japan have triggered a 10% increase in pork exports to this country.

Exports to Mexico, however, declined in 2020 due to a fall in the peso exchange rate and a slump in the country's consumer purchasing power. Export supplies to Columbia emerged on a downward trend following the introduction of Covid restrictions. 

A decline in American pork exports to China is projected in the near term, as China's livestock numbers start to recover. Exports to Mexico, South Korea, the Philippines and Vietnam are forecast to increase, thereby securing promising prospects for American pork suppliers in 2021. According to the USDA forecasts, pork production is set to increase by 5% this year, driven by strong domestic demand and the above-mentioned export opportunities.

Pork Production in the U.S.

In 2020, pork production increased by 1.9% to 13M tonnes, rising for the sixth year in a row. The total output volume increased at an average annual rate of +2.4% over the period from 2012 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations observed in certain years. Over the period under review, production hit record highs in 2020 and is likely to see gradual growth in the near future. 

In value terms, pork production reached $32.7B in 2020. The pace of growth was the most pronounced in 2014, increasing 9.2% against the previous year. As a result, production reached the peak level of $34.2B. From 2015 to 2020, production growth remained at a somewhat lower figure.

Pork Exports by Country

In value terms, pork exports surged to $6B (IndexBox estimates) in 2020. The total export value increased at an average annual rate of +2.7% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports reached the peak and are likely to continue growing in the immediate term.

China (733K tonnes), Mexico (571K tonnes) and Japan (350K tonnes) were the main destinations of pork exports from the U.S., with a combined 70% share of total exports. These countries were followed by South Korea, Canada, Australia, Colombia, Chile and the Dominican Republic, which accounted for a further 21%.

In value terms, the largest markets for pork exported from the U.S. were China ($1.6B), Japan ($1.5B) and Mexico ($922M), together comprising 68% of total exports.

China saw the highest growth rate of the value of exports in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

The average pork export price stood at $2,545 per tonne in 2020, equating to the previous year. Overall, the export price continues to indicate a slight downturn. There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Japan ($4,291 per tonne), while the average price for exports to Mexico ($1,614 per tonne) was amongst the lowest.

Source: IndexBox Platform

Product coverage:
• FCL 1035 - Pig meat

This report provides an in-depth analysis of the pork market in the U.S.. 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.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007-2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2020
Figure 5:
Trade Balance, In Physical Terms, 2007-2020
Figure 6:
Trade Balance, In Value Terms, 2007-2020
Figure 7:
Per Capita Consumption, 2007-2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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