U.S.: Frozen Pork Carcase Market Overview 2021

Frozen Pork Carcase Market Size in the U.S.

For the third consecutive year, the U.S. frozen pork carcase market recorded growth in sales value, which increased by X% to $X in 2019. 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% against the previous year. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

Frozen Pork Carcase Production in the U.S.

In value terms, frozen pork carcase production stood at $X in 2019. Overall, the total production indicated a modest 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 pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

The average yield of frozen carcases of pig meat in the U.S. was estimated at X kg per head in 2019, flattening at 2018. Overall, the yield recorded a relatively flat trend pattern.

In 2019, approx. X head of animals slaughtered for frozen pork carcase production in the U.S.; therefore, remained relatively stable against 2018 figures. Over the period under review, the number of producing animals saw a relatively flat trend pattern.

Frozen Pork Carcase Exports

Exports from the U.S.

In 2019, shipments abroad of frozen carcases of pig meat decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2013 to 2019, the growth exports failed to regain the momentum.

In value terms, frozen pork carcase exports declined to $X in 2019. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2012 with an increase of 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

Honduras (X tonnes), Chile (X tonnes) and Georgia (X tonnes) were the main destinations of frozen pork carcase exports from the U.S., together comprising X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile, while exports for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X) emerged as the key foreign market for frozen pork carcase exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Chile ($X), with a X% share of total exports. It was followed by Georgia, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Honduras amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+X% per year) and Georgia (+X% per year).

Export Prices by Country

The average frozen pork carcase export price stood at $X per tonne in 2019, surging by X% against the previous year. Over the period under review, export price indicated tangible growth from 2007 to 2019: its price increased 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, frozen pork carcase export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2012 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Honduras ($X per tonne), while the average price for exports to Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Honduras, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Pork Carcase Imports

Imports into the U.S.

In 2019, overseas purchases of frozen carcases of pig meat decreased by -X% to X tonnes, falling for the third consecutive year after four years of growth. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, frozen pork carcase imports expanded significantly to $X in 2019. Overall, imports enjoyed strong growth. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, the UK (X tonnes) was the main supplier of frozen pork carcase to the U.S., with a X% share of total imports. Moreover, frozen pork carcase imports from the UK exceeded the figures recorded by the second-largest supplier, Spain (X kg), more than tenfold.

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

In value terms, the UK ($X) constituted the largest supplier of frozen pork carcase to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from the UK was relatively modest.

Import Prices by Country

The average frozen pork carcase import price stood at $X per tonne in 2019, surging by X% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. The import price peaked in 2019 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Spain ($X per tonne), while the price for the UK totaled $X per tonne.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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China (520K tonnes) remains the largest frozen pork carcase consuming country worldwide, comprising approx. 19% of total volume. Moreover, frozen pork carcase consumption in China exceeded the figures recorded by the second-largest consumer, India (207K tonnes), threefold. The U.S. (167K tonnes) ranked third in terms of total consumption with a 6.1% share.

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

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China (522K tonnes) constituted the country with the largest volume of frozen pork carcase production, accounting for 19% of total volume. Moreover, frozen pork carcase production in China exceeded the figures recorded by the second-largest producer, India (208K tonnes), threefold. The third position in this ranking was occupied by the U.S. (168K tonnes), with a 6.1% share.

What are the leading suppliers of frozen carcases of pig meat to the U.S.?

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In value terms, the UK ($118K) constituted the largest supplier of frozen pork carcase to the U.S., comprising 93% of total imports. The second position in the ranking was occupied by Spain ($9.2K), with a 7.2% share of total imports.

What are the leading importers of frozen carcases of pig meat from the U.S.?

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In value terms, Honduras ($742K) emerged as the key foreign market for frozen pork carcase exports from the U.S., comprising 53% of total exports. The second position in the ranking was occupied by Chile ($287K), with a 20% share of total exports. It was followed by Georgia, with a 12% share.

What is the average export price for frozen carcases of pig meat in the U.S.?

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In 2019, the average frozen pork carcase export price amounted to $3,091 per tonne, growing by 3.5% against the previous year.

What is the average import price for frozen carcases of pig meat in the U.S.?

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In 2019, the average frozen pork carcase import price amounted to $24,404 per tonne, surging by 13% against the previous year.