Northern America: Market for Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) 2024

Market Size for Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) in Northern America

The North American market for pig meat other than hams or bellies (salted, in brine, dried or smoked) soared to $X in 2022, rising by X% against the previous year. In general, consumption continues to indicate a significant increase. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) in Northern America

In value terms, production of pig meat other than hams or bellies (salted, in brine, dried or smoked) reached $X in 2022 estimated in export price. The total production 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked)

Exports in Northern America

In 2022, after five years of decline, there was growth in shipments abroad of pig meat other than hams or bellies (salted, in brine, dried or smoked), when their volume increased by X% to X tons. In general, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) surged to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) and Canada (X tons) represented roughly X% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%).

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

Among the main exporting countries, Canada, with a CAGR of X%, saw the highest rates of growth with regard to 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, with an increase of X% against the previous year. Overall, the export price saw prominent growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat 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 the United States (X%).

Imports of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked)

Imports in Northern America

For the fifth consecutive year, Northern America recorded growth in purchases abroad of pig meat other than hams or bellies (salted, in brine, dried or smoked), which increased by X% to X tons in 2022. In general, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of pig meat other than hams or bellies (salted, in brine, dried or smoked) skyrocketed to $X in 2022. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The United States represented the major importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Canada (X tons), generating a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the United States ($X) constitutes the largest market for imported pig meat other than hams or bellies (salted, in brine, dried or smoked) in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat 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 Canada (X%).

Source: IndexBox Platform