U.S. - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPork Prices in the United States
U.S. Pork Export Price per Ton in August 2022
In August 2022, the pork price per ton stood at $3.0K (FOB, US), falling by -2.8% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in May 2022 an increase of 5.5% against the previous month. Over the period under review, the average export prices attained the peak figure at $3.0K per ton in July 2022, and then shrank in the following month.
There were significant differences in the average prices for the major overseas markets. In August 2022, the country with the highest price was Canada ($4.4K per ton), while the average price for exports to Mexico ($2.4K 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 Mexico (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Pork Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In August 2022, the product with the highest price was frozen carcases of pig meat ($6.4K per ton), while the average price for exports of fresh or chilled carcases of pig meat ($2.4K 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 the following types: fresh pork cut (+7.4%), while the prices for the other products experienced more modest paces of growth.
U.S. Pork Exports
In August 2022, after two months of decline, there was significant growth in overseas shipments of pork, when their volume increased by 6.6% to 156K tons. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 9.7% m-o-m.
In value terms, pork exports amounted to $461M (IndexBox estimates) in August 2022. The total export value increased at an average monthly rate of +1.9% over the period from January 2022 to August 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in March 2022 with an increase of 10% against the previous month.
U.S. Pork Exports by Type
Frozen pig meat other than cuts or carcases (64K tons), fresh or chilled hams, shoulders and cuts of pig meat (54K tons) and fresh or chilled pig meat other than cuts or carcases (31K tons) were the main products of pork exports from the United States, with a combined 96% share of total exports. Frozen hams, shoulders and cuts of pig meat, frozen carcases of pig meat and fresh or chilled carcases of pig meat lagged somewhat behind, together accounting for a further 4.1%.
From January 2022 to August 2022, the biggest increases were in frozen pork cut (with a CAGR of +6.3%), while shipments for the other products experienced more modest paces of growth.
In value terms, frozen pig meat other than cuts or carcases ($193M), fresh or chilled hams, shoulders and cuts of pig meat ($129M) and fresh or chilled pig meat other than cuts or carcases ($120M) appeared to be the most exported types of pork from the United States worldwide, with a combined 96% share of total exports. Frozen hams, shoulders and cuts of pig meat, frozen carcases of pig meat and fresh or chilled carcases of pig meat lagged somewhat behind, together comprising a further 4.1%.
Among the main product categories, frozen pork carcase, with a CAGR of +8.5%, recorded the highest growth rate of 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 (70K tons) was the main destination for pork exports from the United States, accounting for a 45% share of total exports. Moreover, pork exports to Mexico exceeded the volume sent to the second major destination, China (20K tons), threefold. Japan (20K tons) ranked third in terms of total exports with a 13% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume to Mexico stood at -1.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (+6.1% per month) and Japan (-1.6% per month).
In value terms, Mexico ($169M) remains the key foreign market for pork exports from the United States, comprising 37% of total exports. The second position in the ranking was held by Japan ($82M), with an 18% share of total exports. It was followed by China, with a 12% share.
From January 2022 to August 2022, the average monthly growth rate of value to Mexico amounted to +5.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-3.4% per month) and China (+8.2% per month).
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 2012–2023
- 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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This report provides an in-depth analysis of the pork market in the U.S..
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This report provides an in-depth analysis of the fresh pork carcase market in the U.S..
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This report provides an in-depth analysis of the fresh pork cut market in the U.S..
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This report provides an in-depth analysis of the market for fresh pork other than cuts or carcases in the U.S..
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This report provides an in-depth analysis of the frozen pork carcase market in the U.S..
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This report provides an in-depth analysis of the frozen pork cut market in the U.S..
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This report provides an in-depth analysis of the market for frozen pig meat other than cuts or carcases in the U.S..
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This report provides an in-depth analysis of the global pork market.
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This report provides an in-depth analysis of the global fresh pork carcase market.
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This report provides an in-depth analysis of the global fresh pork cut market.
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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.
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In February 2023, the price of pork leveled off compared to the previous month, amounting to $2,674 per ton (FOB, US).
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In August 2022, the pork price per ton amounted to $3.0K (FOB, US), which is down by -2.8% against the previous month.
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In June 2022, the pork price per tonamounted to $2,920 per ton, picking up by 2.6% against the previous month.
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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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In value terms, frozen pork cut exports dropped to $14M in April 2023.
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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.
