Report U.S. - Pork (Meat of Swine) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Dec 1, 2023

U.S. - Pork (Meat of Swine) - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Pork Market 2023

Pork Market Size in the U.S.

The U.S. pork market rose modestly to $X in 2022, increasing by 3.9% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Pork Production in the U.S.

In value terms, pork production amounted to $X in 2022. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 7.6% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in years to come.

The average yield of pork in the United States fell to X kg per head in 2022, flattening at 2021. Overall, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by 3.3%. The pork yield peaked at X kg per head in 2020; however, from 2021 to 2022, the yield failed to regain momentum.

In 2022, the number of animals slaughtered for pork production in the United States contracted modestly to X heads, declining by -2% on the previous year's figure. This number increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by 8%. Over the period under review, this number attained the peak level at X heads in 2020; however, from 2021 to 2022, producing animals remained at a lower figure.

Pork Exports

Exports from the U.S.

In 2022, overseas shipments of pork decreased by -11.8% to X tons, falling for the second year in a row after six years of growth. In general, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 17%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, pork exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for pork exports from the United States, with a 43% share of total exports. Moreover, pork exports to Mexico exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico totaled +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-4.0% per year) and China (-0.1% per year).

In value terms, the largest markets for pork exported from the United States were Mexico ($X), Japan ($X) and South Korea ($X), with a combined 65% share of total exports. China, Canada, Colombia and the Dominican Republic lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, the Dominican Republic, with a CAGR of +21.6%, 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

In 2022, the average pork export price amounted to $X per ton, increasing by 3.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 11% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pork Imports

Imports into the U.S.

In 2022, overseas purchases of pork increased by 17% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +5.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 34%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, pork imports soared to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of pork to the United States, with a 68% share of total imports. Moreover, pork imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tons), eightfold. The third position in this ranking was taken by Denmark (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+21.4% per year) and Denmark (+2.1% per year).

In value terms, Canada ($X) constituted the largest supplier of pork to the United States, comprising 62% of total imports. The second position in the ranking was held by Denmark ($X), with a 9.7% share of total imports. It was followed by Mexico, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from Canada amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+1.8% per year) and Mexico (+21.7% per year).

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for pork in the world?
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The country with the largest volume of pork consumption was China, comprising approx. 43% of total volume. Moreover, pork consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. The third position in this ranking was taken by Germany, with a 3.8% share.
What are the largest producers of pork in the world?
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China remains the largest pork producing country worldwide, comprising approx. 41% of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. Spain ranked third in terms of total production with a 4.5% share.
What are the leading suppliers of pork to the U.S.?
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In value terms, Canada constituted the largest supplier of pork to the United States, comprising 62% of total imports. The second position in the ranking was held by Denmark, with a 9.7% share of total imports. It was followed by Mexico, with an 8.8% share.
What are the leading importers of pork from the U.S.?
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In value terms, the largest markets for pork exported from the United States were Mexico, Japan and South Korea, with a combined 65% share of total exports. China, Canada, Colombia and the Dominican Republic lagged somewhat behind, together comprising a further 25%.
What is the average export price for pork in the U.S.?
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The average pork export price stood at $2,818 per ton in 2022, rising by 3.7% against the previous year.
What is the average import price for pork in the U.S.?
+
The average pork import price stood at $3,627 per ton in 2022, stabilizing at the previous year.

This report provides an in-depth analysis of the pork market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 1035 - Pig meat
Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2022
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2022
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES
    1. Key Findings In 2022
    2. Market Volume, In Physical Terms, 2012–2022
    3. Market Value, 2012–2022
    4. Per Capita Consumption In 2012-2022
    5. Imports, In Physical Terms, By Country, 2012–2022
    6. Imports, In Value Terms, By Country, 2012–2022
    7. Import Prices, By Country Of Origin, 2012–2022
    8. Exports, In Physical Terms, By Country, 2012–2022
    9. Exports, In Value Terms, By Country, 2012–2022
    10. Export Prices, By Country Of Destination, 2012–2022
  12. LIST OF FIGURES
    1. Market Volume, In Physical Terms, 2012–2022
    2. Market Value, 2012–2022
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
    5. Trade Balance, In Physical Terms, 2012-2022
    6. Trade Balance, In Value Terms, 2012-2022
    7. Per Capita Consumption, 2012-2022
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2022
    23. Production, In Value Terms, 2012–2022
    24. Producing Animals Slaughtered, 2012–2022
    25. Yield, 2012–2022
    26. Imports, In Physical Terms, 2012–2022
    27. Imports, In Value Terms, 2012–2022
    28. Imports, In Physical Terms, By Country, 2022
    29. Imports, In Physical Terms, By Country, 2012–2022
    30. Imports, In Value Terms, By Country, 2012–2022
    31. Import Prices, By Country Of Origin, 2012–2022
    32. Exports, In Physical Terms, 2012–2022
    33. Exports, In Value Terms, 2012–2022
    34. Exports, In Physical Terms, By Country, 2022
    35. Exports, In Physical Terms, By Country, 2012–2022
    36. Exports, In Value Terms, By Country, 2012–2022
    37. Export Prices, By Country Of Destination, 2012–2022

Free Data: Pork (Meat Of Swine) - United States