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Canada - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Canada - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights

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Jul 3, 2023

Canada's Bacon and Ham Price Reduces 4%, Averaging $4,500 per Ton

Canada Bacon And Ham Export Price in February 2023

In February 2023, the bacon and ham price amounted to $4,500 per ton (FOB, Canada), reducing by -3.8% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 13% month-to-month. As a result, the export price reached the peak level of $5,581 per ton. From January 2023 to February 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In February 2023, the country with the highest price was the United States ($5,067 per ton), while the average price for exports to Mexico ($1,524 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.6%), while the prices for the other major destinations experienced a decline.

COUNTRYExport Price of Bacon And Ham in Canada (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
United States5,4675,3045,3155,7656,3406,5205,9845,9555,5515,5086,0125,2115,067
Panama3,9173,9894,3604,7044,4694,3044,3343,5254,1914,2313,9353,4813,024
Colombia5,5895,7905,2645,203N/A5,072N/A4,508N/A2,7414,5672,4082,296
Mexico2,1282,6514,1113,3602,9584,5303,0283,5423,4213,2261,2581,8551,524
Average4,9744,7335,1785,2975,3775,5765,4315,5645,2504,9515,5814,6794,500

Canada Bacon And Ham Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was swine bellies (salted, in brine, dried or smoked) ($4,732 per ton), while the average price for exports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) ($2,657 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for the following types: salted, dried, or smoked hams, shoulders and cuts of swine (+3.4%), while the prices for the other products experienced mixed trend patterns.

Canada Bacon And Ham Exports

Bacon and ham exports from Canada totaled 2.7K tons in February 2023, remaining stable against the month before. Over the period under review, exports saw slight growth. The most prominent rate of growth was recorded in March 2022 with an increase of 36% against the previous month. As a result, the exports reached the peak of 3.2K tons. From April 2022 to February 2023, the growth of the exports failed to regain momentum.

In value terms, bacon and ham exports contracted modestly to $12M (IndexBox estimates) in February 2023. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when exports increased by 29% against the previous month. As a result, the exports attained the peak of $15M. From April 2022 to February 2023, the growth of the exports remained at a lower figure.

Canada Bacon And Ham Exports by Type

Swine bellies (salted, in brine, dried or smoked) (2K tons) was the largest type of bacon and ham exported from Canada, with a 75% share of total exports. Moreover, swine bellies (salted, in brine, dried or smoked) exceeded the volume of the second product type, pig meat other than hams or bellies (salted, in brine, dried or smoked) (421 tons), fivefold.

From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of export of swine bellies (salted, in brine, dried or smoked) was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: pig meat other than hams or bellies (salted, in brine, dried or smoked) (-0.1% per month) and hams, shoulders and cuts of swine (salted, in brine, dried or smoked) (+5.2% per month).

In value terms, swine bellies (salted, in brine, dried or smoked) ($9.6M) remains the largest type of bacon and ham exported from Canada, comprising 79% of total exports. The second position in the ranking was taken by pig meat other than hams or bellies (salted, in brine, dried or smoked) ($1.9M), with a 15% share of total exports.

From February 2022 to February 2023, the average monthly rate of growth in terms of the export volume of swine bellies (salted, in brine, dried or smoked) was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: pig meat other than hams or bellies (salted, in brine, dried or smoked) (-0.0% per month) and hams, shoulders and cuts of swine (salted, in brine, dried or smoked) (+8.8% per month).

Canada Bacon And Ham Exports by Country

the United States (2.1K tons) was the main destination for bacon and ham exports from Canada, with a 76% share of total exports. Moreover, bacon and ham exports to the United States exceeded the volume sent to the second major destination, Colombia (291 tons), sevenfold. Panama (156 tons) ranked third in terms of total exports with a 5.8% share.

From February 2022 to February 2023, the average monthly growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Colombia (+29.8% per month) and Panama (+20.7% per month).

In value terms, the United States ($10M) remains the key foreign market for bacon and ham exports from Canada, comprising 86% of total exports. The second position in the ranking was taken by Colombia ($669K), with a 5.5% share of total exports. It was followed by Panama, with a 3.9% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Colombia (+20.5% per month) and Panama (+18.1% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bacon and ham market in Canada. 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:

  • Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
  • Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
  • Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)

Country coverage:

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • 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
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  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

    This Chapter is Available Only for the Professional Edition PRO
    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

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    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 VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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