U.S.: Sausage Market 2024

Sausage Market Size in the U.S.

The U.S. sausage market skyrocketed to $X in 2023, rising by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Sausage Production in the U.S.

In value terms, sausage production stood at $X in 2023. Over the period under review, production, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

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Sausage Exports

Exports from the U.S.

In 2023, shipments abroad of sausage, canned meat, and meat by-product decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, total exports indicated a pronounced increase from 2013 to 2023: its volume 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 2023 figures, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, sausage exports reduced dramatically to $X in 2023. Over the period under review, exports, however, saw a pronounced increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Mexico (X tons) and Vietnam (X tons) were the main destinations of sausage exports from the United States, with a combined X% share of total exports.

From 2013 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sausage exported from the United States were China ($X), Mexico ($X) and Canada ($X), with a combined X% share of total exports. Indonesia, Vietnam, Singapore, Ecuador, Chile, the Philippines, Honduras, the Netherlands, Germany and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Singapore, with a CAGR of X%, saw the highest rates of growth with regard to 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 sausage export price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2022, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sausage Imports

Imports into the U.S.

For the eleventh consecutive year, the United States recorded growth in overseas purchases of sausage, canned meat, and meat by-product, which increased by X% to X tons in 2023. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sausage imports skyrocketed to $X in 2023. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2022 when imports increased by X%. Imports peaked in 2023 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Canada (X tons) and Australia (X tons) were the main suppliers of sausage imports to the United States, with a combined X% share of total imports. Brazil, New Zealand, Chile, Argentina, Uruguay, Colombia, Mexico and France lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the biggest increases were recorded for Uruguay (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sausage suppliers to the United States were China ($X), Canada ($X) and Australia ($X), together accounting for X% of total imports. Brazil, New Zealand, Chile, Argentina, Uruguay, Colombia, Mexico and France lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Uruguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average sausage import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform