Canada - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCanadian Pork Exports Drop Slightly to $211M in October 2023
Canada Pork Exports
In October 2023, shipments abroad of pork was finally on the rise to reach 79K tons for the first time since June 2023, thus ending a three-month declining trend. Overall, exports, however, saw a slight decline. The growth pace was the most rapid in May 2023 when exports increased by 15% month-to-month.
In value terms, pork exports fell to $211M (IndexBox estimates) in October 2023. Over the period under review, exports, however, recorded a mild downturn. The pace of growth was the most pronounced in May 2023 when exports increased by 15% against the previous month.
| COUNTRY | Export Value of Pork in Canada (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| United States | 82.8 | 82.2 | 77.1 | 74.0 | 68.9 | 75.5 | 62.5 | 66.0 | 78.1 | 88.0 | 87.1 | 74.9 | 77.8 |
| Japan | 55.4 | 42.2 | 44.1 | 50.4 | 45.9 | 46.0 | 40.8 | 50.9 | 53.9 | 42.7 | 47.3 | 55.4 | 45.3 |
| Mexico | 31.0 | 24.2 | 20.4 | 19.4 | 17.3 | 18.8 | 7.9 | 22.7 | 32.3 | 28.6 | 26.3 | 23.3 | 18.7 |
| South Korea | 13.8 | 7.2 | 8.0 | 8.6 | 13.4 | 11.6 | 16.6 | 11.9 | 12.9 | 10.8 | 12.6 | 12.8 | 14.4 |
| China | 43.6 | 40.1 | 33.9 | 25.3 | 21.9 | 29.0 | 30.6 | 28.8 | 19.8 | 15.7 | 15.3 | 14.5 | 14.3 |
| Philippines | 9.6 | 4.0 | 2.1 | 6.0 | 12.8 | 18.3 | 18.2 | 30.1 | 27.1 | 19.9 | 12.4 | 13.8 | 14.0 |
| Taiwan (Chinese) | 2.6 | 1.2 | 4.9 | 5.8 | 7.5 | 11.3 | 16.4 | 17.2 | 9.6 | 7.0 | 6.6 | 5.4 | 6.5 |
| Others | 10.9 | 9.4 | 6.3 | 10.7 | 12.8 | 15.3 | 13.3 | 10.6 | 11.9 | 11.9 | 13.3 | 14.1 | 20.1 |
| Total | 250 | 211 | 197 | 200 | 200 | 226 | 206 | 238 | 246 | 225 | 221 | 214 | 211 |
Exports by Country
The United States (25K tons), Japan (13K tons) and Mexico (9.6K tons) were the main destinations of pork exports from Canada, with a combined 59% share of total exports. China, the Philippines, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 29%.
From October 2022 to October 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +8.4%), while the other leaders experienced mixed trend patterns.
In value terms, the largest markets for pork exported from Canada were the United States ($78M), Japan ($45M) and Mexico ($19M), with a combined 67% share of total exports. These countries were followed by South Korea, China, the Philippines and Taiwan (Chinese), which together accounted for a further 23%.
Taiwan (Chinese), with a CAGR of +8.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Fresh or chilled pig meat other than cuts or carcases (32K tons), frozen pig meat other than cuts or carcases (30K tons) and fresh or chilled hams, shoulders and cuts of pig meat (9.4K tons) were the main products of pork exports from Canada, with a combined 90% share of total exports. These products were followed by frozen hams, shoulders and cuts of pig meat, fresh or chilled carcases of pig meat and frozen carcases of pig meat, which together accounted for a further 9.6%.
From October 2022 to October 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by frozen pork carcase (with a CAGR of +11.7%), while the other products experienced more modest paces of growth.
In value terms, fresh or chilled pig meat other than cuts or carcases ($104M), frozen pig meat other than cuts or carcases ($67M) and fresh or chilled hams, shoulders and cuts of pig meat ($25M) constituted the most exported types of pork from Canada worldwide, together accounting for 93% of total exports. Frozen hams, shoulders and cuts of pig meat, fresh or chilled carcases of pig meat and frozen carcases of pig meat lagged somewhat behind, together accounting for a further 6.9%.
Frozen pork carcase, with a CAGR of +12.9%, saw the highest rates of growth with regard to the value of exports, among the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.
Export Prices by Country
In October 2023, the pork price amounted to $2,664 per ton (FOB, Canada), shrinking by -4.4% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 7.5% against the previous month. Over the period under review, the average export prices hit record highs at $2,813 per ton in August 2023; however, from September 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Japan ($3,594 per ton), while the average price for exports to China ($1,543 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the pork 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:
- FCL 1035 - Pig meat
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Producing Animals Slaughtered, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
