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U.S. - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

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Aug 31, 2022

Pork Price per Ton June 2022

U.S. Pork Export Price per Ton June 2022

In June 2022, the pork price per ton amounted to $2,920 (FOB, US), picking up by 2.6% against the previous month. Over the last five-month period, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in May 2022 an increase of 5.5% against the previous month. The export price peaked in June 2022.

There were significant differences in the average prices for the major foreign markets. In June 2022, the country with the highest price was Canada ($4,328 per ton), while the average price for exports to Mexico ($2,277 per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Pork Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In June 2022, the product with the highest price was frozen carcases of pig meat ($5,884 per ton), while the average price for exports of fresh or chilled carcases of pig meat ($2,241 per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for the following types: fresh pork cut (+9.6%), while the prices for the other products experienced more modest paces of growth.

U.S. Pork Exports

Pork exports from the United States reduced to 159K tons in June 2022, which is down by -3.9% on May 2022 figures. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2022 with an increase of 9.7% m-o-m. Over the period under review, the exports reached the maximum at 166K tons in May 2022, and then declined in the following month.

In value terms, pork exports shrank modestly to $465M (IndexBox estimates) in June 2022. The total export value increased at an average monthly rate of +2.8% from January 2022 to June 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain months. The most prominent rate of growth was recorded in March 2022 when exports increased by 10% m-o-m. Over the period under review, the exports attained the peak figure at $472M in May 2022, and then dropped in the following month.

U.S. Pork Exports by Type

Frozen pig meat other than cuts or carcases (73K tons), fresh or chilled hams, shoulders and cuts of pig meat (48K tons) and fresh or chilled pig meat other than cuts or carcases (32K tons) were the main products of pork exports from the United States, with a combined 95% share of total exports. Frozen hams, shoulders and cuts of pig meat, frozen carcases of pig meat and fresh or chilled carcases of pig meat lagged somewhat behind, together comprising a further 4.6%.

From January 2022 to June 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 +13.2%), while the other products experienced more modest paces of growth.

In value terms, frozen pig meat other than cuts or carcases ($218M), fresh or chilled pig meat other than cuts or carcases ($118M) and fresh or chilled hams, shoulders and cuts of pig meat ($110M) appeared to be the most exported types of pork from the United States worldwide, with a combined 96% share of total exports. Frozen hams, shoulders and cuts of pig meat, frozen carcases of pig meat and fresh or chilled carcases of pig meat lagged somewhat behind, together accounting for a further 4.2%.

In terms of the main product categories, frozen pork cut, with a CAGR of +13.3%, saw the highest rates of growth with regard to 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 (64K tons) was the main destination for pork exports from the United States, with a 40% share of total exports. Moreover, pork exports to Mexico exceeded the volume sent to the second major destination, Japan (24K tons), threefold. China (16K tons) ranked third in terms of total exports with a 10% share.

From January 2022 to June 2022, the average monthly rate of growth in terms of volume to Mexico amounted to -3.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (+1.1% per month) and China (+3.9% per month).

In value terms, Mexico ($145M), Japan ($100M) and South Korea ($54M) appeared to be the largest markets for pork exported from the United States worldwide, with a combined 64% share of total exports. China, Canada, Colombia, the Dominican Republic and Australia lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, Australia, with a CAGR of +16.1%, 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.

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 2012–2023
    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. 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, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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