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U.S. - Frozen Hams, Shoulders And Cuts Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

U.S. - Frozen Hams, Shoulders And Cuts Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights

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Jun 24, 2023

Frozen Pork Cut Export in United States Drops Modestly to $14M in April 2023

U.S. Frozen Pork Cut Exports

In April 2023, after two months of growth, there was significant decline in shipments abroad of frozen hams, shoulders and cuts of pig meat, when their volume decreased by -9.8% to 5.6K tons. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 with an increase of 43% m-o-m.

In value terms, frozen pork cut exports dropped to $14M (IndexBox estimates) in April 2023. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when exports increased by 43% m-o-m.

COUNTRYExport Value of Frozen Pork Cut in U.S. (thousand USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Dominican Republic3,7033,9373,0092,2412,2382,7625,5915,1433,2382,7285,7997,2234,342
Honduras1,1001,0099092985923999471,7971,2351,5776527261,852
China7207771,4051,5431,6009532,5801,7301,0901,4611,2551,2941,099
Mexico7811,1691,1826381,2531,0821,5261,9241,4951,3725801,3501,081
Colombia2,9822,4672,7393,0851,7402,8292,4762,7552,5731,2672,3611,403773
Japan139280431326262320418246N/A412367270548
Guatemala538455599518321248349780498344534360436
South Korea9141,1501,7232371,465830500187504605536238404
ChileN/A39.816.1N/AN/A26891.0N/A75.515269.3341398
Bahamas212337166177367227420284293212241161303
Peru47.373.711814786.833.220.020.0N/AN/A224N/A264
Canada30.133.826.520.92691136.4N/AN/A17818112.0236
Philippines88.1422119331652143109N/A2119.499.089.6195
Others1,3101,4951,7031,5812,0371,5981,8552,4032,7901,9971,6581,5321,597
Total12,56513,64514,14511,14312,88311,80416,88917,26914,00212,31414,55614,99913,527

Exports by Country

The Dominican Republic (2K tons) was the main destination for frozen pork cut exports from the United States, with a 35% share of total exports. Moreover, frozen pork cut exports to the Dominican Republic exceeded the volume sent to the second major destination, Honduras (819 tons), twofold. China (569 tons) ranked third in terms of total exports with a 10% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume to the Dominican Republic totaled +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Honduras (+2.2% per month) and China (+0.3% per month).

In value terms, the Dominican Republic ($4.3M) remains the key foreign market for frozen pork cut exports from the United States, comprising 32% of total exports. The second position in the ranking was taken by Honduras ($1.9M), with a 14% share of total exports. It was followed by China, with an 8.1% share.

From April 2022 to April 2023, the average monthly growth rate of value to the Dominican Republic amounted to +1.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Honduras (+4.4% per month) and China (+3.6% per month).

Export Prices by Country

In April 2023, the frozen pork cut price stood at $2,401 per ton (FOB, US), leveling off at the previous month. Over the period from April 2022 to April 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in May 2022 an increase of 7% month-to-month. The export price peaked at $2,729 per ton in December 2022; however, from January 2023 to April 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Chile ($4,217 per ton), while the average price for exports to the Philippines ($1,610 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the frozen pork cut 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:

  • Prodcom 10113250 - Frozen hams, shoulders and cuts with bone in, of pig meat

Country coverage:

  • United States

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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