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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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Apr 20, 2023

Average 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.

COUNTRYFeb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Export Price Pork in U.S. (USD per ton)
Japan4597.04436.04353.04338.04245.04271.04133.04318.04246.04188.04141.04145.04094.0
South Korea3392.03406.03464.03581.03506.03446.03608.03486.03431.03320.03294.03266.03224.0
Canada4045.03955.04318.04611.04328.04518.04388.04238.03996.03671.03602.03259.03208.0
Dominican Republic2531.02518.02415.02463.02638.02713.02784.03021.03009.02921.03037.02915.02617.0
Colombia2194.02159.02207.02235.02463.02427.02481.02605.02655.02588.02534.02469.02497.0
China2294.02241.02416.02453.02812.02910.02803.02835.02670.02836.02686.02649.02420.0
Mexico1497.01721.01835.02123.02277.02452.02431.02329.02417.02390.02169.01974.01954.0
Average2582.02591.02698.02847.02920.03039.02955.02989.02958.02941.02786.02677.02674.0

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.

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 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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