Northern America: Fresh Pork Cut Market 2024

Fresh Pork Cut Market Size in Northern America

For the third consecutive year, the North American fresh pork cut market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption continues to indicate a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Fresh Pork Cut Production in Northern America

In value terms, fresh pork cut production contracted modestly to $X in 2022 estimated in export price. In general, production saw a noticeable slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The United States (X tons) constituted the country with the largest volume of fresh pork cut production, accounting for X% of total volume. Moreover, fresh pork cut production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), sixfold.

In the United States, fresh pork cut production declined by an average annual rate of X% over the period from 2012-2022.

Fresh Pork Cut Exports

Exports in Northern America

For the third year in a row, Northern America recorded growth in shipments abroad of fresh or chilled hams, shoulders and cuts of pig meat, which increased by X% to X tons in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, fresh pork cut exports soared to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

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

The United States was also the fastest-growing in terms of the fresh or chilled hams, shoulders and cuts of pig meat exports, with a CAGR of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest fresh pork cut supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, fresh pork cut exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, with an increase of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Fresh Pork Cut Imports

Imports in Northern America

After two years of growth, overseas purchases of fresh or chilled hams, shoulders and cuts of pig meat decreased by X% to X tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, fresh pork cut imports reached $X in 2022. Total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of imports of fresh or chilled hams, shoulders and cuts of pig meat. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Canada increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported fresh or chilled hams, shoulders and cuts of pig meat in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled X%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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