Canada: Fresh Pork Cut Market 2025

Fresh Pork Cut Market Size in Canada

The Canadian fresh pork cut market surged to $X in 2022, picking up by 19% against the previous year. Overall, consumption, however, continues to indicate a abrupt decrease. Fresh pork cut consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fresh Pork Cut Production in Canada

In value terms, fresh pork cut production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Fresh Pork Cut Exports

Exports from Canada

In 2022, approx. X tons of fresh or chilled hams, shoulders and cuts of pig meat were exported from Canada; shrinking by -2.5% compared with the previous year. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 45%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, fresh pork cut exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), Mexico (X tons) and Japan (X tons) were the main destinations of fresh pork cut exports from Canada, together comprising 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +34.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fresh pork cut exported from Canada were the United States ($X), Mexico ($X) and Japan ($X), with a combined 98% share of total exports.

Mexico, with a CAGR of +34.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average fresh pork cut export price stood at $X per ton in 2022, with an increase of 6.6% against the previous year. Overall, the export price, however, continues to indicate a mild descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 21%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Fresh Pork Cut Imports

Imports into Canada

In 2022, overseas purchases of fresh or chilled hams, shoulders and cuts of pig meat decreased by -45.2% to X tons, falling for the second consecutive year after four years of growth. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 212% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh pork cut imports shrank significantly to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 167%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main fresh pork cut supplier to Canada, accounting for a 97% share of total imports. It was followed by Spain (X tons), with a 2.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +10.2%.

In value terms, the United States ($X) constituted the largest supplier of fresh or chilled hams, shoulders and cuts of pig meat to Canada, comprising 96% of total imports. The second position in the ranking was held by Spain ($X), with a 2.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +5.4%.

Import Prices by Country

In 2022, the average fresh pork cut import price amounted to $X per ton, increasing by 7% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-3.7%).

Source: IndexBox Platform

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