Northern America: Bacon And Ham Market 2022

Bacon And Ham Market Size in Northern America

After two years of growth, the North American bacon and ham market decreased by -X% to $X in 2021. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Bacon And Ham Production in Northern America

In value terms, bacon and ham production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Production By Country in Northern America

The United States (X tons) remains the largest bacon and ham producing country in Northern America, comprising approx. X% of total volume.

From 2012 to 2021, the average annual growth rate of volume in the United States amounted to -X%.

Bacon And Ham Exports

Exports in Northern America

In 2021, approx. X tons of bacon, ham and other dried, salted or smoked pig meat were exported in Northern America; growing by X% against 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bacon and ham exports soared to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the largest exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Canada (X tons), creating a X% share of total exports.

Exports from the United States decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +X% from 2012-2021. Canada (+X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2021.

Canada, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, with an increase of X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Bacon And Ham Imports

Imports in Northern America

In 2021, approx. X tons of bacon, ham and other dried, salted or smoked pig meat were imported in Northern America; rising by X% compared with 2020 figures. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, bacon and ham imports soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the two major importers of bacon, ham and other dried, salted or smoked pig meat, namely the United States and Canada, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United States (with a CAGR of +X value terms, the United States ($X) constitutes the largest market for imported bacon, ham and other dried, salted or smoked pig meat in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +X%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Source: IndexBox Platform