U.S. - Pig Meat Salted (Salted, In Brine, Dried Or Smoked) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in the United States - 2023
Contents:
- Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in the United States (CIF) - 2023
- Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in the United States (FOB) - 2023
- Imports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in the United States
- Exports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in the United States
Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in the United States (CIF) - 2023
The average import price for pig meat other than hams or bellies (salted, in brine, dried or smoked) stood at $12,407 per ton in December 2023, falling by -7.7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average import price increased by 8.4% month-to-month. Over the period under review, average import prices hit record highs at $13,767 per ton in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($18,216 per ton), while the price for Mexico ($3,897 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in the United States (FOB) - 2023
In December 2023, the average export price for pig meat other than hams or bellies (salted, in brine, dried or smoked) amounted to $4,967 per ton, reducing by -6.9% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 54% against the previous month. As a result, the export price attained the peak level of $8,957 per ton. From May 2023 to December 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($7,493 per ton), while the average price for exports to Belize ($2,546 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in the United States
Imports of pig meat other than hams or bellies (salted, in brine, dried or smoked) into the United States skyrocketed to 18K tons in 2022, picking up by 19% against 2021 figures. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of pig meat other than hams or bellies (salted, in brine, dried or smoked) totaled $222M in 2022. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 83.5 | 113 | 155 | 178 | 28.7% |
| Spain | 6.5 | 8.6 | 16.9 | 22.8 | 51.9% |
| Canada | 14.2 | 10.3 | 10.4 | 12.2 | -4.9% |
| Germany | 4.3 | 3.4 | 4.3 | 3.4 | -7.5% |
| Mexico | 0.3 | 1.6 | 2.8 | 2.8 | 110.5% |
| Poland | 0.9 | 1.0 | 1.1 | 1.8 | 26.0% |
| Others | 1.9 | 0.9 | 2.7 | 1.1 | -16.7% |
| Total | 112 | 139 | 193 | 222 | 25.6% |
Top Suppliers of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies to the United States in 2022:
- Italy (12.5K tons)
- Canada (2.5K tons)
- Spain (1.8K tons)
- Mexico (0.7K tons)
- Poland (0.3K tons)
- Germany (0.2K tons)
Exports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in the United States
In 2022, approx. 9.6K tons of pig meat other than hams or bellies (salted, in brine, dried or smoked) were exported from the United States; approximately equating the previous year's figure. In general, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 2.7% against the previous year. As a result, the exports reached the peak of 11K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) soared to $58M in 2022. The total export value increased at an average annual rate of +11.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 21.6 | 25.3 | 31.9 | 46.5 | 29.1% |
| Mexico | 3.8 | 2.8 | 2.7 | 2.5 | -13.0% |
| Japan | 0.7 | 1.4 | 1.5 | 1.9 | 39.5% |
| Belize | 1.3 | 1.2 | 1.3 | 1.6 | 7.2% |
| South Korea | 1.3 | 2.1 | 1.4 | 1.3 | 0.0% |
| Panama | 4.9 | 5.0 | 4.2 | 0.6 | -50.3% |
| Trinidad and Tobago | 0.8 | 1.3 | 1.2 | 0.3 | -27.9% |
| Curacao | 1.1 | 1.0 | 1.0 | 0.1 | -55.0% |
| Australia | 1.4 | 1.1 | 0.1 | N/A | -73.3% |
| Others | 4.5 | 4.2 | 3.7 | 3.3 | -9.8% |
| Total | 41.5 | 45.5 | 49.1 | 58.1 | 11.9% |
Top Export Markets for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies from the United States in 2022:
- Canada (7.2K tons)
- Mexico (0.5K tons)
- Belize (0.5K tons)
- Japan (0.2K tons)
- South Korea (0.2K tons)
- Panama (0.1K tons)
- Trinidad and Tobago (0.1K tons)
This report provides an in-depth analysis of the market for salted, dried, or smoked pig meat other than hams or bellies 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 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:
- 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
-
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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