U.S. - Fresh Or Chilled Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fresh Pork Other than Cuts or Carcases in the United States - 2023
Contents:
- Price for Fresh Pork Other than Cuts or Carcases in the United States (FOB) - 2023
- Price for Fresh Pork Other than Cuts or Carcases in the United States (CIF) - 2023
- Exports of Fresh Pork Other than Cuts or Carcases in the United States
- Imports of Fresh Pork Other than Cuts or Carcases in the United States
Price for Fresh Pork Other than Cuts or Carcases in the United States (FOB) - 2023
The average export price for fresh or chilled pig meat other than cuts or carcases stood at $3,636 per ton in October 2023, dropping by -3.9% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 9.5% against the previous month. Over the period under review, the average export prices reached the peak figure at $3,880 per ton in August 2023; however, from September 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was South Korea ($6,986 per ton), while the average price for exports to Mexico ($2,215 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh Pork Other than Cuts or Carcases in the United States (CIF) - 2023
The average import price for fresh or chilled pig meat other than cuts or carcases stood at $3,234 per ton in October 2023, shrinking by -4.1% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 20% m-o-m. Over the period under review, average import prices reached the maximum at $3,853 per ton in August 2023; however, from September 2023 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Mexico ($3,554 per ton), while the price for Canada totaled $3,225 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Canada (+0.2%).
Exports of Fresh Pork Other than Cuts or Carcases in the United States
Exports of fresh or chilled pig meat other than cuts or carcases from the United States was estimated at 433K tons in 2022, picking up by 2.3% compared with the previous year. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 11%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of fresh or chilled pig meat other than cuts or carcases declined to $1.6B in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 10% against the previous year. As a result, the exports attained the peak of $1.7B, and then reduced in the following year.
| Export of Fresh Pork Other than Cuts or Carcases in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 941 | 993 | 1,018 | 866 | -2.7% |
| Canada | 334 | 405 | 425 | 341 | 0.7% |
| Mexico | 140 | 124 | 204 | 322 | 32.0% |
| South Korea | 25.0 | 30.0 | 60.4 | 62.0 | 35.4% |
| Others | 32.3 | 22.5 | 23.9 | 23.5 | -10.1% |
| Total | 1,472 | 1,574 | 1,731 | 1,615 | 3.1% |
Top Export Markets for Fresh Pork Other than Cuts or Carcases from the United States in 2022:
- Japan (188.9K tons)
- Mexico (150.9K tons)
- Canada (79.6K tons)
- South Korea (9.1K tons)
Imports of Fresh Pork Other than Cuts or Carcases in the United States
For the fourth year in a row, the United States recorded growth in overseas purchases of fresh or chilled pig meat other than cuts or carcases, which increased by 25% to 231K tons in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of fresh or chilled pig meat other than cuts or carcases skyrocketed to $811M in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 46%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Fresh Pork Other than Cuts or Carcases in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 442 | 428 | 614 | 762 | 19.9% |
| Mexico | 4.2 | 23.5 | 51.6 | 48.8 | 126.5% |
| Others | 8.8 | 5.0 | 0.9 | 0.3 | -67.6% |
| Total | 455 | 456 | 666 | 811 | 21.2% |
Top Suppliers of Fresh Pork Other than Cuts or Carcases to the United States in 2022:
- Canada (215.6K tons)
- Mexico (15.3K tons)
This report provides an in-depth analysis of the market for fresh pork other than cuts or carcases 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 2030.
Product coverage:
- Prodcom 10111290 - Fresh or chilled pig meat (including fresh meat packed with salt as a temporary preservative, excluding carcases and halfcarcases, h ams, shoulders and cuts thereof with bone in)
Country coverage:
- United States
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:
- 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
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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 February 2023, the price of pork leveled off compared to the previous month, amounting to $2,674 per ton (FOB, US).
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In August 2022, the pork price per ton amounted to $3.0K (FOB, US), which is down by -2.8% against the previous month.
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In June 2022, the pork price per tonamounted to $2,920 per ton, picking up by 2.6% against the previous month.
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In May 2022, the pork price per ton amounted to $2,847 (FOB, US), rising by 5.5% against the previous month.
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In Apr 2022, the average import pork price per ton amounted to $3,769, with an increase of 2.4% against the previous month.
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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.
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