Canada - Frozen Hams, Shoulders And Cuts Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Pork Cut Price in Canada - 2023
Contents:
- Frozen Pork Cut Price in Canada (FOB) - 2023
- Frozen Pork Cut Price in Canada (CIF) - 2022
- Frozen Pork Cut Exports in Canada
- Frozen Pork Cut Imports in Canada
Frozen Pork Cut Price in Canada (FOB) - 2023
In June 2023, the average frozen pork cut export price amounted to $2,001 per ton, with a decrease of -2.8% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 9.8% against the previous month. The export price peaked at $2,058 per ton in May 2023, and then shrank in the following month.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was New Zealand ($2,999 per ton), while the average price for exports to China ($1,468 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 Taiwan (Chinese) (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Pork Cut Price in Canada (CIF) - 2022
The average frozen pork cut import price stood at $2,247 per ton in 2022, waning by -6.4% against the previous year. In general, the import price saw a perceptible descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by 48%. As a result, import price reached the peak level of $3,349 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($3,071 per ton) and Germany ($2,735 per ton), while the price for the United States ($2,205 per ton) and Denmark ($2,322 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Pork Cut Exports in Canada
In 2022, shipments abroad of frozen hams, shoulders and cuts of pig meat decreased by -35.7% to 94K tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2020 with an increase of 122% against the previous year. As a result, the exports attained the peak of 153K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, frozen pork cut exports declined sharply to $164M in 2022. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 128% against the previous year. As a result, the exports attained the peak of $313M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Frozen Pork Cut in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 7.0 | 11.8 | 59.4 | 53.8 | 97.3% |
| China | 50.4 | 223 | 136 | 44.7 | -3.9% |
| South Korea | 28.2 | 17.5 | 13.1 | 13.9 | -21.0% |
| United States | 11.4 | 17.9 | 20.4 | 13.5 | 5.8% |
| Mexico | 4.2 | 2.5 | 10.2 | 7.3 | 20.2% |
| Colombia | 0.9 | 0.6 | 3.9 | 3.8 | 61.6% |
| Trinidad and Tobago | 2.5 | 1.4 | 4.1 | 3.7 | 14.0% |
| Taiwan (Chinese) | 4.5 | 2.5 | 3.3 | 2.2 | -21.2% |
| Others | 28.0 | 35.5 | 38.8 | 21.2 | -8.9% |
| Total | 137 | 313 | 289 | 164 | 6.2% |
Top Export Markets for Frozen Pork Cut from Canada in 2022:
- Philippines (32.0K tons)
- China (27.0K tons)
- South Korea (7.8K tons)
- United States (5.4K tons)
- Mexico (4.0K tons)
- Trinidad and Tobago (2.0K tons)
- Colombia (1.9K tons)
- Taiwan (Chinese) (1.7K tons)
Frozen Pork Cut Imports in Canada
In 2022, overseas purchases of frozen hams, shoulders and cuts of pig meat decreased by -52.9% to 241 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. As a result, imports attained the peak of 717 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, frozen pork cut imports declined markedly to $542K in 2022. Overall, imports showed a dramatic decline. The growth pace was the most rapid in 2020 with an increase of 27%. As a result, imports reached the peak of $1.5M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Frozen Pork Cut in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 357 | 1,403 | 707 | 497 | 11.7% |
| Germany | N/A | N/A | 374 | 22.9 | -93.9% |
| Poland | 78.4 | N/A | 10.1 | 18.9 | -37.8% |
| Denmark | 104 | N/A | N/A | 0.2 | -87.6% |
| Chile | 620 | 80.1 | 139 | N/A | -52.7% |
| Others | 4.9 | 0.2 | N/A | 3.2 | -13.2% |
| Total | 1,164 | 1,483 | 1,230 | 542 | -22.5% |
Top Suppliers of Frozen Pork Cut to Canada in 2022:
- United States (225.4 tons)
- Germany (8.4 tons)
- Poland (6.2 tons)
- Denmark (0.1 tons)
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:
- 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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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In December of 2022, the price of frozen pork cuts was $1,921 per ton (FOB, Canada). This represents a decrease of 1.5% from the previous month.
155
The growth pace was the most rapid in May 2023 when Pork exports increased by 15% month-to-month. In value terms, Pork exports fell to $211M in October 2023.
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Pork exports recorded a slight increase, reaching a value of $246M in June 2023.
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