Canada: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Canada

In 2020, the Canadian preserved belly cut market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, the total consumption indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Preserved belly cut consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Preserved Belly Cut Production in Canada

In value terms, preserved belly cut production dropped sharply to $X in 2020 estimated in export prices. The total output 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 in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2015 to 2020, production growth remained at a somewhat lower figure.

Preserved Belly Cut Exports

Exports from Canada

In 2020, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports saw moderate growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved belly cut exports skyrocketed to $X in 2020. Overall, exports continue to indicate a modest increase. Over the period under review, exports attained the peak figure at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Mexico (X tons) was the main destination for preserved belly cut exports from Canada, accounting for a X% share of total exports. Moreover, preserved belly cut exports to Mexico exceeded the volume sent to the second major destination, the U.S. (X tons), sixfold. China (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and China (X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Mexico amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and China (X% per year).

Export Prices by Country

In 2020, the average preserved belly cut export price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2020, the highest prices were recorded for prices to New Zealand ($X per ton) and China ($X per ton), while the average price for exports to Mexico ($X per ton) and the U.S. ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Preserved Belly Cut Imports

Imports into Canada

In 2020, supplies from abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, preserved belly cut imports dropped slightly to $X in 2020. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tons) was the main supplier of preserved belly cut 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. totaled +X%.

In value terms, the U.S. ($X) constituted the largest supplier of preserved belly cut 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 belly cut import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated noticeable growth 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 belly cut import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure 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

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