U.S.: Pork Market 2022

Pork Market Size in the U.S.

The U.S. pork market rose modestly to $X in 2021, growing by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Pork Production in the U.S.

In value terms, pork production shrank to $X in 2021. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

In 2021, the average yield of pork in the United States reduced to X kg per head, which is down by -X% against the year before. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, the average pork yield reached the maximum level at X kg per head in 2020, and then dropped slightly in the following year.

The number of animals slaughtered for pork production in the United States was estimated at X heads in 2021, remaining relatively unchanged against 2020. 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 in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, this number reached the maximum level in 2021 and is likely to continue growth in the near future.

Pork Exports

Exports from the U.S.

In 2021, shipments abroad of pork decreased by -X% to X tonnes for the first time since 2014, thus ending a six-year rising trend. Over the period under review, total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2020 when exports increased by X% y-o-y. As a result, the exports reached the peak of X tonnes, and then fell in the following year.

In value terms, pork exports totaled $X in 2021. The total export value 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 growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Mexico (X tonnes), China (X tonnes) and Japan (X tonnes) were the main destinations of pork exports from the United States, with a combined X% share of total exports. These countries were followed by South Korea, Canada, Colombia, the Dominican Republic and Australia, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (+X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pork exported from the United States were Japan ($X), Mexico ($X) and China ($X), with a combined X% share of total exports. These countries were followed by South Korea, Canada, Colombia, Australia and the Dominican Republic, which together accounted for a further X the main countries of destination, Colombia, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pork export price stood at $X per tonne in 2021, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X% year-to-year. As a result, the export price reached the peak level of $X per tonne. From 2015 to 2021, the the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Pork Imports

Imports into the U.S.

In 2021, supplies from abroad of pork was finally on the rise to reach X tonnes after three years of decline. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tonnes in 2015; however, from 2016 to 2021, imports remained at a lower figure.

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

Imports by Country

In 2021, Canada (X tonnes) constituted the largest supplier of pork to the United States, accounting for a X% share of total imports. Moreover, pork imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tonnes), sevenfold. Denmark (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Denmark (-X% per year).

In value terms, Canada ($X) constituted the largest supplier of pork to the United States, comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Denmark (-X% per year).

Import Prices by Country

The average pork import price stood at $X per tonne in 2021, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per tonne in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Denmark ($X per tonne) and the UK ($X per tonne), while the price for Canada ($X per tonne) and Brazil ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform