Northern America: Preserved Beef Market 2025

Preserved Beef Market Size in Northern America

The North American preserved beef market expanded notably to $X in 2021, picking up by 13% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Preserved Beef Production in Northern America

In value terms, preserved beef production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Preserved Beef Exports

Exports in Northern America

In 2021, after two years of growth, there was significant decline in overseas shipments of beef and veal (salted, in brine, dried or smoked), when their volume decreased by -45.3% to X tons. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 69% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved beef exports fell markedly to $X in 2021. Over the period under review, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 97% against the previous year. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Canada represented the key exporting country with an export of around X tons, which accounted for 63% of total exports. It was distantly followed by the United States (X tons), mixing up a 37% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of -4.5%).

In value terms, the largest preserved beef supplying countries in Northern America were Canada ($X) and the United States ($X).

In terms of the main exporting countries, the United States, with a CAGR of -3.3%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, rising by 9.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2013 when the export price increased by 19%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada 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 (+6.5%).

Preserved Beef Imports

Imports in Northern America

Preserved beef imports stood at X tons in 2021, picking up by 6.5% against 2020. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 48%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved beef imports surged to $X in 2021. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 36%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

The United States was the largest importer of beef and veal (salted, in brine, dried or smoked) in Northern America, with the volume of imports amounting to X tons, which was approx. 71% of total imports in 2021. It was distantly followed by Canada (X tons), achieving a 25% share of total imports. Greenland (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to preserved beef imports into the United States stood at +6.2%. At the same time, Greenland (+58.9%) and Canada (+21.1%) displayed positive paces of growth. Moreover, Greenland emerged as the fastest-growing importer imported in Northern America, with a CAGR of +58.9% from 2012-2021. From 2012 to 2021, the share of Canada and Greenland increased by +15 and +3.5 percentage points, respectively.

In value terms, the United States ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in Northern America, comprising 71% of total imports. The second position in the ranking was taken by Canada ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +5.0%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (+18.6% per year) and Greenland (+42.7% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, growing by 27% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while Greenland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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