Canada: Preserved Pork Market 2021

Preserved Pork Market Size in Canada

In 2020, the Canadian preserved pork market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Preserved pork consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Preserved Pork Production in Canada

In value terms, preserved pork production contracted to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Preserved pork production peaked at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Preserved Pork Exports

Exports from Canada

In 2020, preserved pork exports from Canada declined rapidly to X tons, shrinking by -X% compared with 2019 figures. Over the period under review, exports recorded a pronounced descent. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, preserved pork exports contracted to $X in 2020. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. (X tons), Panama (X tons) and Trinidad and Tobago (X tons) were the main destinations of preserved pork exports from Canada, together accounting for X% of total exports. These countries were followed by China, Barbados, Colombia, Grenada, Jamaica, Antigua and Barbuda, Australia and Taiwan (Chinese), which together accounted for a further X 2007 to 2020, the biggest increases were in Australia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) remains the key foreign market for preserved pork exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Panama ($X), with a X% share of total exports. It was followed by Trinidad and Tobago, with a X% share.

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

Export Prices by Country

The average preserved pork export price stood at $X per ton in 2020, surging by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Australia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Preserved Pork Imports

Imports into Canada

In 2020, supplies from abroad of pig meat salted (salted, in brine, dried or smoked) was finally on the rise to reach X tons after two years of decline. Overall, imports saw a measured expansion. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, preserved pork imports soared to $X in 2020. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest supplier of preserved pork to Canada, accounting for a X% share of total imports. Moreover, preserved pork imports from the U.S. exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Spain (+X% per year).

In value terms, Italy ($X), the U.S. ($X) and Spain ($X) were the largest preserved pork suppliers to Canada, with a combined X% share of total imports.

Spain saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average preserved pork import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated perceptible 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 pork import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2010; however, from 2011 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :