U.S. - Frozen Hams, Shoulders And Cuts Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Pork Cut Prices in the United States
U.S. Frozen Pork Cut Export Price per Ton in August 2022
In August 2022, the frozen pork cut price per ton stood at $2.6K (FOB, US), growing by 5% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in May 2022 when the average export price increased by 6.3% against the previous month. The export price peaked in August 2022.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($4.0K per ton), while the average price for exports to China ($2.1K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Frozen Pork Cut Exports
Frozen pork cut exports from the United States rose sharply to 5.1K tons in August 2022, with an increase of 12% on the month before. Overall, total exports indicated a strong expansion from January 2022 to August 2022: its volume increased at an average monthly rate of +6.3% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, exports decreased by -17.2% against June 2022 indices. The most prominent rate of growth was recorded in February 2022 with an increase of 36% month-to-month.
In value terms, frozen pork cut exports skyrocketed to $13M (IndexBox estimates) in August 2022. In general, total exports indicated a resilient increase from January 2022 to August 2022: its value increased at an average monthly rate of +7.8% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, exports decreased by -9.2% against June 2022 indices. The pace of growth appeared the most rapid in April 2022 with an increase of 26% against the previous month.
U.S. Frozen Pork Cut Exports by Country
The Dominican Republic (956 tons), Colombia (824 tons) and China (812 tons) were the main destinations of frozen pork cut exports from the United States, together comprising 51% of total exports. These countries were followed by Mexico, South Korea, Honduras, El Salvador, the Philippines, Guatemala, Bahamas, Canada, Hong Kong SAR, Trinidad and Tobago and Japan, which together accounted for a further 42%.
From January 2022 to August 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +72.5%), while the other leaders experienced more modest paces of growth.
In value terms, the Dominican Republic ($2.2M), Colombia ($1.8M) and China ($1.7M) constituted the largest markets for frozen pork cut exported from the United States worldwide, with a combined 44% share of total exports. These countries were followed by South Korea, Mexico, the Philippines, El Salvador, Honduras, Bahamas, Guatemala, Hong Kong SAR, Canada, Japan and Trinidad and Tobago, which together accounted for a further 49%.
Trinidad and Tobago, with a CAGR of +74.0%, recorded the highest rates of growth with regard to 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.
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:
- 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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, frozen pork cut exports dropped to $14M in April 2023.
5954
Discover the top companies in the pork industry in the US, their strategies, and how they succeed. Learn about Smithfield Foods, Tyson Foods, Hormel Foods, and JBS USA.
224
In February 2023, the price of pork leveled off compared to the previous month, amounting to $2,674 per ton (FOB, US).
328
In August 2022, the pork price per ton amounted to $3.0K (FOB, US), which is down by -2.8% against the previous month.
676
In June 2022, the pork price per tonamounted to $2,920 per ton, picking up by 2.6% against the previous month.
830
In May 2022, the pork price per ton amounted to $2,847 (FOB, US), rising by 5.5% against the previous month.
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In Apr 2022, the average import pork price per ton amounted to $3,769, with an increase of 2.4% against the previous month.
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Over the previous year, the U.S. has seen pork exports hit record highs, largely due to unprecedented demand from China and the Philippines, where livestock numbers have fallen dramatically after the outbreaks of African swine fever. The U.S. is forecast to achieve a 5% growth in pork production in 2021 and exports are projected to remain high, driven by robust both domestic and foreign demand.
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Explore the top import markets for pork based on their import value in 2022. Japan, China, Mexico, Italy, South Korea, United States, Poland, Germany, United Kingdom, and Romania lead the way. Get key statistics and insights from the IndexBox market intelligence platform.
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Global pork consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
