Northern America: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Northern America

In 2022, the North American preserved swine meat cut market decreased by X% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Northern America

In value terms, preserved swine meat cut production shrank to $X in 2022 estimated in export price. The total production indicated measured 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports in Northern America

In 2022, shipments abroad of prepared or preserved shoulders and cuts of swine meat increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, preserved swine meat cut exports skyrocketed to $X in 2022. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

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

The United States was also the fastest-growing in terms of the prepared or preserved shoulders and cuts of swine meat exports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

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

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

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices 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 Canada (X%).

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports in Northern America

In 2022, the amount of prepared or preserved shoulders and cuts of swine meat imported in Northern America fell markedly to X tons, shrinking by X% on the year before. Over the period under review, imports showed a perceptible decrease. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, preserved swine meat cut imports fell remarkably to $X in 2022. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States was the major importer of prepared or preserved shoulders and cuts of swine meat in Northern America, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X tons), comprising a X% share of total imports. The following importers - Greenland (X tons) and Bermuda (X tons) - each reached a X% share of total imports.

Imports into the United States decreased at an average annual rate of X% from 2012 to 2022. At the same time, Greenland (X%) displayed positive paces of growth. Moreover, Greenland emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. By contrast, Bermuda (X%) and Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Greenland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved swine meat cut importing markets in Northern America were the United States ($X), Canada ($X) and Bermuda ($X), with a combined X% share of total imports. Greenland lagged somewhat behind, comprising a further X%.

Greenland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bermuda ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bermuda (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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