U.S. - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAverage Price of Pork in America is $2,674 per Ton
U.S. Pork Export Price in February 2023
In February 2023, the pork price amounted to $2,674 per ton (FOB, US), leveling off at the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 when the average export price increased by 5.5% month-to-month. The export price peaked at $3,039 per ton in July 2022; however, from August 2022 to February 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In February 2023, the country with the highest price was Japan ($4,094 per ton), while the average price for exports to Mexico ($1,954 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Price Pork in U.S. (USD per ton) | |||||||||||||
| Japan | 4597.0 | 4436.0 | 4353.0 | 4338.0 | 4245.0 | 4271.0 | 4133.0 | 4318.0 | 4246.0 | 4188.0 | 4141.0 | 4145.0 | 4094.0 |
| South Korea | 3392.0 | 3406.0 | 3464.0 | 3581.0 | 3506.0 | 3446.0 | 3608.0 | 3486.0 | 3431.0 | 3320.0 | 3294.0 | 3266.0 | 3224.0 |
| Canada | 4045.0 | 3955.0 | 4318.0 | 4611.0 | 4328.0 | 4518.0 | 4388.0 | 4238.0 | 3996.0 | 3671.0 | 3602.0 | 3259.0 | 3208.0 |
| Dominican Republic | 2531.0 | 2518.0 | 2415.0 | 2463.0 | 2638.0 | 2713.0 | 2784.0 | 3021.0 | 3009.0 | 2921.0 | 3037.0 | 2915.0 | 2617.0 |
| Colombia | 2194.0 | 2159.0 | 2207.0 | 2235.0 | 2463.0 | 2427.0 | 2481.0 | 2605.0 | 2655.0 | 2588.0 | 2534.0 | 2469.0 | 2497.0 |
| China | 2294.0 | 2241.0 | 2416.0 | 2453.0 | 2812.0 | 2910.0 | 2803.0 | 2835.0 | 2670.0 | 2836.0 | 2686.0 | 2649.0 | 2420.0 |
| Mexico | 1497.0 | 1721.0 | 1835.0 | 2123.0 | 2277.0 | 2452.0 | 2431.0 | 2329.0 | 2417.0 | 2390.0 | 2169.0 | 1974.0 | 1954.0 |
| Average | 2582.0 | 2591.0 | 2698.0 | 2847.0 | 2920.0 | 3039.0 | 2955.0 | 2989.0 | 2958.0 | 2941.0 | 2786.0 | 2677.0 | 2674.0 |
U.S. Pork Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In February 2023, the product with the highest price was frozen carcases of pig meat ($4,701 per ton), while the average price for exports of fresh or chilled hams, shoulders and cuts of pig meat ($1,877 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for the following types: fresh pork cut (+1.9%), while the prices for the other products experienced more modest paces of growth.
U.S. Pork Exports
Pork exports from the United States dropped to 160K tons in February 2023, waning by -10.2% against the previous month. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when exports increased by 9.7% against the previous month.
In value terms, pork exports declined to $427M (IndexBox estimates) in February 2023. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when exports increased by 10% m-o-m.
U.S. Pork Exports by Type
Frozen pig meat other than cuts or carcases (69K tons), fresh or chilled hams, shoulders and cuts of pig meat (49K tons) and fresh or chilled pig meat other than cuts or carcases (35K tons) were the main products of pork exports from the United States, with a combined 96% 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 4.4%.
From February 2022 to February 2023, the biggest increases were in frozen pork cut (with a CAGR of +2.8%), while shipments for the other products experienced mixed trend patterns.
In value terms, the most traded types of pork in the United States were frozen pig meat other than cuts or carcases ($197M), fresh or chilled pig meat other than cuts or carcases ($121M) and fresh or chilled hams, shoulders and cuts of pig meat ($92M), 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 cut, with a CAGR of +3.9%, recorded 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, accounting for a 40% share of total exports. Moreover, pork exports to Mexico exceeded the volume sent to the second major destination, Japan (25K tons), threefold. The third position in this ranking was taken by China (15K tons), with a 9.1% share.
From February 2022 to February 2023, the average monthly growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-0.1% per month) and China (+1.1% per month).
In value terms, the largest markets for pork exported from the United States were Mexico ($125M), Japan ($102M) and South Korea ($38M), with a combined 62% share of total exports. China, Canada, the Dominican Republic and Colombia lagged somewhat behind, together comprising a further 26%.
Among the main countries of destination, the Dominican Republic, with a CAGR of +6.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
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:
- 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
