Northern America: Pork Market 2022

Pork Market Size in Northern America

The North American pork market contracted slightly to $X in 2021, almost unchanged from the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Pork Production in Northern America

In value terms, pork production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

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

In the United States, pork production expanded at an average annual rate of +X% over the period from 2012-2021.

The average pork yield reduced modestly to X kg per head in 2021, falling by -X% against 2020. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of yield peaked at X kg per head in 2020, and then fell in the following year.

The global number of animals slaughtered for pork production was estimated at X heads in 2021, flattening at the year before. This number increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 when the number of producing animals increased by X%. The level of producing animals peaked in 2021 and is likely to continue growth in the immediate term.

Production By Country in Northern America

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

From 2012 to 2021, the average annual rate of growth in terms of volume in the United States stood at +X%.

Pork Exports

Exports in Northern America

After seven years of growth, overseas shipments of pork decreased by -X% to X tons in 2021. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, pork exports rose modestly to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

In 2021, the United States (X tons) represented the major exporter of pork, creating X% of total exports. It was distantly followed by Canada (X tons), comprising a X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United States (with a CAGR of +X value terms, the largest pork supplying countries in Northern America were the United States ($X) and Canada ($X United States, 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

In 2021, the export price in Northern America amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the export prices remained at a somewhat lower figure.

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

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

Pork Imports

Imports in Northern America

In 2021, after three years of decline, there was significant growth in supplies from abroad of pork, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pork imports soared to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the key importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Canada (X tons), comprising a X% share of total imports.

The United States was also the fastest-growing in terms of the pork imports, with a CAGR of +X% from 2012 to 2021. At the same time, Canada (+X%) displayed positive paces of growth. The United States (+X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported pork in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing 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 Canada (+X%).

Source: IndexBox Platform