Canada - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPork Price in Canada - 2023
Contents:
- Pork Price in Canada (FOB) - 2023
- Pork Price in Canada (CIF) - 2023
- Pork Exports in Canada
- Pork Imports in Canada
Pork Price in Canada (FOB) - 2023
The average pork export price stood at $2,787 per ton in September 2023, flattening at the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 7.5% against the previous month. Over the period under review, the average export prices reached the peak figure at $2,813 per ton in August 2023, and then declined modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($3,598 per ton), while the average price for exports to China ($1,501 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Pork Price in Canada (CIF) - 2023
In September 2023, the average pork import price amounted to $3,696 per ton, dropping by -4.7% against the previous month. In general, the import price saw a slight decline. The pace of growth was the most pronounced in July 2023 when the average import price increased by 8.6% m-o-m. The import price peaked at $4,320 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($5,470 per ton), while the price for Brazil ($3,005 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced a decline.
Pork Exports in Canada
In 2022, overseas shipments of pork decreased by -5.2% to 1.1M tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 23%. As a result, the exports reached the peak of 1.2M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, pork exports declined to $2.9B in 2022. The total export value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22%.
| Export of Pork in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 663 | 649 | 962 | 1,120 | 19.1% |
| Japan | 972 | 993 | 932 | 727 | -9.2% |
| China | 372 | 1,074 | 585 | 291 | -7.9% |
| Mexico | 156 | 91.3 | 233 | 271 | 20.2% |
| Philippines | 73.1 | 73.3 | 203 | 202 | 40.3% |
| South Korea | 115 | 99.1 | 122 | 152 | 9.7% |
| Taiwan (Chinese) | 71.8 | 33.8 | 35.8 | 39.9 | -17.8% |
| Others | 173 | 142 | 164 | 131 | -8.9% |
| Total | 2,596 | 3,156 | 3,237 | 2,934 | 4.2% |
Top Export Markets for Pork from Canada in 2022:
- United States (335.7K tons)
- Japan (184.6K tons)
- China (164.5K tons)
- Mexico (143.3K tons)
- Philippines (116.2K tons)
- South Korea (52.5K tons)
- Taiwan (Chinese) (20.4K tons)
Pork Imports in Canada
In 2022, purchases abroad of pork decreased by -14.1% to 133K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, imports reached the peak of 166K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, pork imports contracted to $559M in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 24%.
| Import of Pork in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 378 | 470 | 475 | 383 | 0.4% |
| Germany | 17.3 | 24.6 | 72.6 | 61.4 | 52.5% |
| Spain | 9.9 | 10.7 | 25.8 | 30.8 | 46.0% |
| Denmark | 17.7 | 19.7 | 17.4 | 29.6 | 18.7% |
| Netherlands | 6.0 | 7.3 | 13.3 | 21.0 | 51.8% |
| Mexico | 4.9 | 8.9 | 16.7 | 14.7 | 44.2% |
| Others | 18.4 | 20.5 | 25.1 | 18.8 | 0.7% |
| Total | 452 | 562 | 646 | 559 | 7.3% |
Top Suppliers of Pork to Canada in 2022:
- United States (94.8K tons)
- Germany (15.0K tons)
- Denmark (6.9K tons)
- Spain (5.5K tons)
- Mexico (3.6K tons)
- Netherlands (3.3K tons)
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
- 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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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.
312
Pork exports recorded a slight increase, reaching a value of $246M in June 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.
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Global pork consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
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Global pork exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
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Global pork imports amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
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Germany continued its dominance in the global pork trade. In 2014, Germany exported X thousand tons of pork totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total pork exp
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