Canada: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Canada

The Canadian preserved swine meat cut market expanded markedly to $X in 2021, with an increase of 6.3% against the previous year. Over the period under review, consumption, however, recorded a slight decrease. Preserved swine meat cut consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Canada

In value terms, preserved swine meat cut production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2019 when the production volume increased by 16% against the previous year. Preserved swine meat cut production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Canada

In 2021, overseas shipments of prepared or preserved shoulders and cuts of swine meat increased by 25% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2014 with an increase of 51% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, preserved swine meat cut exports surged to $X in 2021. Overall, total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +43.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 53% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for preserved swine meat cut exports from Canada, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -2.0%.

In value terms, the United States ($X) also remains the key foreign market for prepared or preserved shoulders and cuts of swine meat exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +1.6%.

Export Prices by Country

In 2021, the average preserved swine meat cut export price amounted to $X per ton, increasing by 11% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved swine meat cut export price increased by +71.9% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +3.7% per year.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Canada

In 2021, after two years of decline, there was significant growth in overseas purchases of prepared or preserved shoulders and cuts of swine meat, when their volume increased by 53% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 119% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved swine meat cut imports skyrocketed to $X in 2021. In general, imports saw a resilient increase. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main preserved swine meat cut supplier to Canada, with a 96% share of total imports. Moreover, preserved swine meat cut imports from the United States exceeded the figures recorded by the second-largest supplier, Romania (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of prepared or preserved shoulders and cuts of swine meat to Canada, comprising 99% of total imports. The second position in the ranking was taken by Romania ($X), with a 1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +5.9%.

Import Prices by Country

The average preserved swine meat cut import price stood at $X per ton in 2021, rising by 78% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Romania stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.7%).

Source: IndexBox Platform

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