Canada - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBacon and Ham Price in Canada - 2023
Contents:
- Bacon and Ham Price in Canada (FOB) - 2023
- Bacon and Ham Price in Canada (CIF) - 2023
- Bacon and Ham Exports in Canada
- Bacon and Ham Imports in Canada
Bacon and Ham Price in Canada (FOB) - 2023
The average bacon and ham export price stood at $4,204 per ton in June 2023, with a decrease of -3% against the previous month. Over the period under review, the export price continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in December 2022 an increase of 13% m-o-m. As a result, the export price reached the peak level of $5,589 per ton. From January 2023 to June 2023, the the average export prices remained at a somewhat 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 the United States ($4,555 per ton), while the average price for exports to the Philippines ($2,717 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 (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Bacon and Ham Price in Canada (CIF) - 2023
In June 2023, the average bacon and ham import price amounted to $10,195 per ton, remaining relatively unchanged against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 98% m-o-m. As a result, import price reached the peak level of $11,946 per ton. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($17,295 per ton), while the price for the United States ($7,933 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced a decline.
Bacon and Ham Exports in Canada
Bacon and ham exports from Canada shrank significantly to 31K tons in 2022, declining by -20.8% on the year before. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, the exports attained the peak of 39K tons, and then dropped dramatically in the following year.
In value terms, bacon and ham exports contracted to $162M in 2022. The total export value increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. As a result, the exports attained the peak of $178M, and then declined in the following year.
| Export of Bacon and Ham in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 95.7 | 111 | 145 | 138 | 13.0% |
| Trinidad and Tobago | 2.8 | 3.3 | 4.1 | 3.7 | 9.7% |
| Mexico | 17.1 | 10.3 | 13.1 | 3.6 | -40.5% |
| Panama | 3.5 | 4.3 | 4.7 | 3.6 | 0.9% |
| Dominican Republic | 0.2 | 0.2 | N/A | 1.9 | 111.8% |
| Others | 13.0 | 9.8 | 11.0 | 11.8 | -3.2% |
| Total | 132 | 139 | 178 | 162 | 7.1% |
Top Export Markets for Bacon and Ham from Canada in 2022:
- United States (23.8K tons)
- Mexico (1.1K tons)
- Panama (0.9K tons)
- Trinidad and Tobago (0.9K tons)
- Dominican Republic (0.8K tons)
Bacon and Ham Imports in Canada
In 2022, overseas purchases of bacon, ham and other dried, salted or smoked pig meat decreased by -2% to 22K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, imports attained the peak of 25K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, bacon and ham imports rose to $153M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Bacon and Ham in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 102 | 115 | 109 | 109 | 2.2% |
| Italy | 27.6 | 30.9 | 37.4 | 40.5 | 13.6% |
| Others | 2.7 | 2.3 | 3.6 | 3.4 | 8.0% |
| Total | 132 | 148 | 150 | 153 | 5.0% |
Top Suppliers of Bacon and Ham to Canada in 2022:
- United States (18.9K tons)
- Italy (2.9K tons)
This report provides an in-depth analysis of the bacon and ham 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 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
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:
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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