Northern America: Frozen Pork Carcase Market Overview 2021

Frozen Pork Carcase Market Size in Northern America

The North American frozen pork carcase market expanded slightly to $X in 2019, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

Frozen Pork Carcase Production in Northern America

In value terms, frozen pork carcase production totaled $X in 2019 estimated in export prices. The total production indicated a slight increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2015; however, from 2016 to 2019, production failed to regain the momentum.

The U.S. (X tonnes) remains the largest frozen pork carcase producing country in Northern America, comprising approx. X% of total volume. Moreover, frozen pork carcase production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), eightfold.

From 2007 to 2019, the average annual rate of growth in terms of volume in the U.S. was relatively modest.

Production By Country in Northern America

The country with the largest volume of frozen pork carcase production was the U.S. (X tonnes), comprising approx. X% of total volume. Moreover, frozen pork carcase production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), eightfold.

From 2007 to 2019, the average annual growth rate of volume in the U.S. was relatively modest.

Frozen Pork Carcase Exports

Exports in Northern America

Frozen pork carcase exports rose notably to X tonnes in 2019, with an increase of X% against 2018. Over the period under review, exports, however, recorded a slight downturn. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. From 2013 to 2019, the growth exports remained at a lower figure.

In value terms, frozen pork carcase exports amounted to $X in 2019. Overall, exports, however, saw a mild slump. The pace of growth was the most pronounced in 2012 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Canada was the key exporter of frozen carcases of pig meat in Northern America, with the volume of exports accounting for X tonnes, which was approx. X% of total exports in 2019. It was distantly followed by the U.S. (X tonnes), generating an X% share of total exports.

Canada was also the fastest-growing in terms of the frozen carcases of pig meat exports, with a CAGR of +X% from 2007 to 2019. the U.S. (-X%) illustrated a downward trend over the same period. Canada (+X p.p.) significantly strengthened its position in terms of the total exports, while the U.S. saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, Canada ($X) remains the largest frozen pork carcase supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value in Canada amounted to +X%.

Export Prices by Country

In 2019, the frozen pork carcase export price in Northern America amounted to $X per tonne, which is down by -X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 an increase of X% y-o-y. Over the period under review, export prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while Canada stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Frozen Pork Carcase Imports

Imports in Northern America

In 2019, overseas purchases of frozen carcases of pig meat were finally on the rise to reach X tonnes for the first time since 2016, thus ending a two-year declining trend. Over the period under review, imports, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. The volume of import peaked at X tonnes in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

In value terms, frozen pork carcase imports reached $X in 2019. In general, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Canada (X tonnes) represented the main importer of frozen carcases of pig meat, generating X% of total imports. The U.S. (X tonnes) ranks second in terms of the total imports with a X% share, followed by Bermuda (X%) and Greenland (X%).

From 2007 to 2019, the biggest increases were in Greenland, while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the U.S. ($X) constitutes the largest market for imported frozen carcases of pig meat in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Bermuda ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

In the U.S., frozen pork carcase imports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Bermuda (+X% per year) and Canada (+X% per year).

Import Prices by Country

In 2019, the frozen pork carcase import price in Northern America amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2018, and then reduced in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while Canada ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen carcases of pig meat in Northern America?

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The U.S. (167K tonnes) constituted the country with the largest volume of frozen pork carcase consumption, comprising approx. 90% of total volume. Moreover, frozen pork carcase consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (19K tonnes), ninefold.

What are the largest producers of frozen carcases of pig meat in Northern America?

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The U.S. (168K tonnes) constituted the country with the largest volume of frozen pork carcase production, comprising approx. 89% of total volume. Moreover, frozen pork carcase production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (21K tonnes), eightfold.

What are the leading exporters of frozen carcases of pig meat in Northern America?

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In value terms, Canada ($3.7M) remains the largest frozen pork carcase supplier in Northern America, comprising 73% of total exports. The second position in the ranking was occupied by the U.S. ($1.4M), with a 27% share of total exports.

What are the leading importers of frozen carcases of pig meat in Northern America?

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In value terms, the U.S. ($127K) constitutes the largest market for imported frozen carcases of pig meat in Northern America, comprising 82% of total imports. The second position in the ranking was occupied by Bermuda ($13K), with a 8.6% share of total imports. It was followed by Canada, with a 7.8% share.

What is the average export price for frozen carcases of pig meat in Northern America?

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The frozen pork carcase export price in Northern America stood at $2,050 per tonne in 2019, reducing by -4.5% against the previous year.

What is the average import price for frozen carcases of pig meat in Northern America?

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In 2019, the frozen pork carcase import price in Northern America amounted to $9,188 per tonne, shrinking by -10.6% against the previous year.