Northern America: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Northern America

In 2022, the North American market for fresh or chilled pig meat other than cuts or carcases decreased by -1.7% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Northern America

In value terms, production of fresh or chilled pig meat other than cuts or carcases shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 33%. Over the period under review, production of attained the maximum level at $X in 2021, and then contracted in the following year.

The country with the largest volume of production of fresh or chilled pig meat other than cuts or carcases was Canada (X tons), comprising approx. 81% of total volume. Moreover, production of fresh or chilled pig meat other than cuts or carcases in Canada exceeded the figures recorded by the second-largest producer, the United States (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume in Canada totaled +2.6%.

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Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports in Northern America

In 2022, overseas shipments of fresh or chilled pig meat other than cuts or carcases increased by 5% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases dropped modestly to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, Canada (X tons), followed by the United States (X tons) were the largest exporters of fresh or chilled pig meat other than cuts or carcases, together mixing up 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +5.7%).

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, Canada, with a CAGR of +4.6%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, reducing by -8% against the previous year. Overall, the export price continues to indicate a mild curtailment. The growth pace was the most rapid in 2019 when the export price increased by 5.5%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-1.0%).

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports in Northern America

In 2022, supplies from abroad of fresh or chilled pig meat other than cuts or carcases increased by 11% to X tons, rising for the third year in a row after four years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases reached $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the major importer of fresh or chilled pig meat other than cuts or carcases, generating 74% of total imports. It was distantly followed by Canada (X tons), creating a 26% share of total imports.

The United States was also the fastest-growing in terms of the fresh or chilled pig meat other than cuts or carcases imports, with a CAGR of +4.6% from 2012 to 2022. Canada (-3.3%) illustrated a downward trend over the same period. The United States (+18 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -17.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported fresh or chilled pig meat other than cuts or carcases in Northern America, comprising 71% of total imports. The second position in the ranking was taken by Canada ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +5.1%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, waning by -4.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 16%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.0%).

Source: IndexBox Platform

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