Canada: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Canada

In 2020, the Canadian preserved swine belly market decreased by -X% to $X for the first time since 2014, thus ending a five-year rising trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2019, and then reduced modestly in the following year.

Preserved Swine Belly Production in Canada

In value terms, preserved swine belly production expanded modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level in 2020 and is likely to continue growth in years to come.

Preserved Swine Belly Exports

Exports from Canada

In 2020, approx. X tons of bellies and cuts of swine (salted, in brine, dried or smoked) were exported from Canada; surging by X% compared with 2019. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure in 2020 and are likely to continue growth in years to come.

In value terms, preserved swine belly exports soared to $X in 2020. Overall, total exports indicated a pronounced expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

The U.S. (X tons) was the main destination for preserved swine belly exports from Canada, with a X% share of total exports. Moreover, preserved swine belly exports to the U.S. exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to the U.S. was relatively modest.

In value terms, the U.S. ($X) remains the key foreign market for preserved swine belly exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. stood at +X%.

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2020, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2010 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per ton), while the average price for exports to Mexico stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mexico.

Preserved Swine Belly Imports

Imports into Canada

In 2020, overseas purchases of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the third consecutive year after four years of growth. Overall, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, preserved swine belly imports rose modestly to $X in 2020. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tons) was the main preserved swine belly supplier to Canada, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from the U.S. stood at +X%.

In value terms, the U.S. ($X) constituted the largest supplier of preserved swine belly to Canada.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. amounted to +X%.

Import Prices by Country

In 2020, the average preserved swine belly import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved swine belly import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2011 an increase of X% year-to-year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :