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U.S. - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2025

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

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Nov 10, 2022

Pork Price in U.S. Declined Slightly to $3K per Ton After Growing Steadily from Q1

U.S. Pork Export Price per Ton in August 2022

In August 2022, the pork price per ton amounted to $3.0K (FOB, US), which is down by -2.8% against the previous month. Over the last seven-month period, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in May 2022 when the average export price increased by 5.5% m-o-m. The export price peaked at $3.0K per ton in July 2022, and then shrank modestly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($4.4K per ton), while the average price for exports to Mexico ($2.4K per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Pork Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was frozen carcases of pig meat ($6.4K per ton), while the average price for exports of fresh or chilled carcases of pig meat ($2.4K per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: fresh pork cut (+7.4%), while the prices for the other products experienced more modest paces of growth.

U.S. Pork Exports

In August 2022, overseas shipments of pork were finally on the rise to reach 156K tons for the first time since May 2022, thus ending a two-month declining trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when exports increased by 9.7% month-to-month.

In value terms, pork exports rose to $461M (IndexBox estimates) in August 2022. The total export value increased at an average monthly rate of +1.9% over the period from January 2022 to August 2022; the trend pattern remained consistent, with only minor fluctuations in certain months. The pace of growth was the most pronounced in March 2022 when exports increased by 10% against the previous month.

U.S. Pork Exports by Type

Frozen pig meat other than cuts or carcases (64K tons), fresh or chilled hams, shoulders and cuts of pig meat (54K tons) and fresh or chilled pig meat other than cuts or carcases (31K tons) were the main products of pork exports from the United States, together accounting for 96% of total exports. These products were followed by frozen hams, shoulders and cuts of pig meat, frozen carcases of pig meat and fresh or chilled carcases of pig meat, which together accounted for a further 4.1%.

From January 2022 to August 2022, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by frozen pork cut (with a CAGR of +6.3%), while the other products experienced more modest paces of growth.

In value terms, frozen pig meat other than cuts or carcases ($193M), fresh or chilled hams, shoulders and cuts of pig meat ($129M) and fresh or chilled pig meat other than cuts or carcases ($120M) were the most exported types of pork from the United States worldwide, together accounting for 96% of total exports. These products were followed by frozen hams, shoulders and cuts of pig meat, frozen carcases of pig meat and fresh or chilled carcases of pig meat, which together accounted for a further 4.1%.

Among the main product categories, frozen pork carcase, with a CAGR of +8.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

U.S. Pork Exports by Country

Mexico (70K tons) was the main destination for pork exports from the United States, accounting for a 45% share of total exports. Moreover, pork exports to Mexico exceeded the volume sent to the second major destination, China (20K tons), threefold. The third position in this ranking was taken by Japan (20K tons), with a 13% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume to Mexico amounted to -1.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (+6.1% per month) and Japan (-1.6% per month).

In value terms, Mexico ($169M) remains the key foreign market for pork exports from the United States, comprising 37% of total exports. The second position in the ranking was held by Japan ($82M), with an 18% share of total exports. It was followed by China, with a 12% share.

From January 2022 to August 2022, the average monthly growth rate of value to Mexico totaled +5.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-3.4% per month) and China (+8.2% per month).

Source: IndexBox Market Intelligence Platform

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
    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. 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

    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, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    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 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    23. Production, In Value Terms, 2012–2024
    24. Producing Animals Slaughtered, 2012–2024
    25. Yield, 2012–2024
    26. Imports, In Physical Terms, 2012–2024
    27. Imports, In Value Terms, 2012–2024
    28. Imports, In Physical Terms, By Country, 2024
    29. Imports, In Physical Terms, By Country, 2012–2024
    30. Imports, In Value Terms, By Country, 2012–2024
    31. Import Prices, By Country Of Origin, 2012–2024
    32. Exports, In Physical Terms, 2012–2024
    33. Exports, In Value Terms, 2012–2024
    34. Exports, In Physical Terms, By Country, 2024
    35. Exports, In Physical Terms, By Country, 2012–2024
    36. Exports, In Value Terms, By Country, 2012–2024
    37. Export Prices, By Country Of Destination, 2012–2024

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