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U.S. - Meat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jun 1, 2025

U.S. - Meat - Market Analysis, Forecast, Size, Trends and Insights

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Nov 12, 2024

6% Decline in U.S. Meat Exports, Dropping to $14.7 Billion in 2023

U.S. Meat Exports

In 2023, shipments abroad of meat was finally on the rise to reach 3.2M tons after two years of decline. The total export volume increased at an average annual rate of +3.2% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. As a result, the exports attained the peak of 3.3M tons. From 2021 to 2023, the growth of the exports remained at a lower figure.

In value terms, meat exports declined to $14.7B (IndexBox estimates) in 2023. Over the period under review, total exports indicated a perceptible expansion from 2013 to 2023: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, the exports hit record highs at $15.7B in 2022, and then fell in the following year.U.S. Meat Exports By Country (Billion USD)

COUNTRYExport Value of Meat in U.S. (billion USD)
20132014201520162017201820192020202120222023
Mexico1.62.01.71.81.91.91.81.52.22.52.9
Japan3.03.12.52.63.13.33.03.13.43.02.6
South Korea0.81.21.21.31.62.32.32.12.83.22.6
China0.30.20.20.30.30.30.91.92.42.51.9
Canada1.41.31.11.01.00.90.91.01.11.01.1
Taiwan (Chinese)0.30.30.30.40.40.60.60.60.70.80.7
Hong Kong0.91.20.80.70.90.90.70.60.50.40.4
Others1.51.61.41.41.71.81.91.72.22.42.5
Total9.711.09.29.510.811.912.212.515.215.714.7

Exports by Country

Mexico (1M tons) was the main destination for meat exports from the United States, with a 33% share of total exports. Moreover, meat exports to Mexico exceeded the volume sent to the second major destination, Japan (499K tons), twofold. South Korea (413K tons) ranked third in terms of total exports with a 13% share.

From 2013 to 2023, the average annual growth rate of volume to Mexico amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.0% per year) and South Korea (+8.5% per year).

In value terms, the largest markets for meat exported from the United States were Mexico ($2.9B), South Korea ($2.6B) and Japan ($2.6B), with a combined 55% share of total exports. China, Canada, Taiwan (Chinese) and Hong Kong lagged somewhat behind, together comprising a further 27%.

China, with a CAGR of +19.2%, recorded 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

Pork (2.2M tons) was the largest type of meat exported from the United States, accounting for a 69% share of total exports. Moreover, pork exceeded the volume of the second product type, beef (cattle meat) (978K tons), twofold. Meat of camels and other animals (3.5K tons) ranked third in terms of total exports with a 0.1% share.

From 2013 to 2023, the average annual growth rate of the volume of pork exports totaled +3.8%. With regard to the other exported products, the following average annual rates of growth were recorded: beef (cattle meat) (+1.9% per year) and meat of camels and other animals (+5.6% per year).

In value terms, beef (cattle meat) ($8.6B), pork ($6.1B) and meat of camels and other animals ($25M) constituted the most exported types of meat from the United States worldwide, with a combined 100% share of total exports.

Meat of camels and other animals, with a CAGR of +11.6%, recorded the highest growth rate of 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 2023, the meat price stood at $4,651 per ton (FOB, US), declining by -8.3% against the previous year. Overall, the export price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21%. Over the period under review, the average export prices reached the maximum at $5,074 per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong ($10,347 per ton), while the average price for exports to Honduras ($2,740 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.5%), 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 meat 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 1108 - Meat of asses
  • FCL 947 - Buffalo meat
  • FCL 1127 - Meat of camels
  • FCL 867 - Meat of cattle
  • FCL 870 - Meat of cattle, boneless
  • FCL 1017 - Goat meat
  • FCL 1097 - Horse meat
  • FCL 1111 - Meat of mules
  • FCL 1158 - Meat of other domestic camelids
  • FCL 1151 - Meat of other domestic rodents
  • FCL 1035 - Pig meat
  • FCL 1141 - Rabbit meat
  • FCL 977 - Meat of sheep

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 THE 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 EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    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 Export

    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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012-2024
    6. Imports, In Value Terms, By Country, 2012-2024
    7. Import Prices, By Country, 2012-2024
    8. Exports, In Physical Terms, By Country, 2012-2024
    9. Exports, In Value Terms, By Country, 2012-2024
    10. Exports Prices, By Country, 2012-2024

  12. LIST OF FIGURES

    1. Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, by Product
    11. Average Per Capita Consumption, by Product
    12. Exports and Growth, by Product
    13. Export Prices and Growth, by Product
    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: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Producing Animals: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Yield: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    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, 2012-2024
    32. Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    33. Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    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, 2012-2024

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