Northern America: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Northern America

In 2020, after two years of growth, there was significant decline in the North American preserved swine belly market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Preserved Swine Belly Production in Northern America

In value terms, preserved swine belly production reduced to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Production By Country in Northern America

The U.S. (X tons) constituted the country with the largest volume of preserved swine belly production, comprising approx. X% of total volume. Moreover, preserved swine belly production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tons), sevenfold.

In the U.S., preserved swine belly production increased at an average annual rate of +X% over the period from 2007-2020.

Preserved Swine Belly Exports

Exports in Northern America

In 2020, approx. X tons of bellies and cuts of swine (salted, in brine, dried or smoked) were exported in Northern America; waning by -X% compared with 2019 figures. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. The volume of export peaked at X tons in 2019, and then fell modestly in the following year.

In value terms, preserved swine belly exports shrank to $X in 2020. Total exports indicated a perceptible increase 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, exports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. The level of export peaked at $X in 2019, and then reduced in the following year.

Exports by Country

The U.S. was the largest exporter of bellies and cuts of swine (salted, in brine, dried or smoked) in Northern America, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2020. It was distantly followed by Canada (X tons), committing a X% share of total exports.

From 2007 to 2020, the biggest increases were in the U.S..

In value terms, the largest preserved swine belly supplying countries in Northern America were the U.S. ($X) and Canada ($X terms of the main exporting countries, the U.S. recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The preserved swine belly export price in Northern America stood at $X per ton in 2020, almost unchanged from the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. Over the period under review, export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Preserved Swine Belly Imports

Imports in Northern America

In 2020, preserved swine belly imports in Northern America expanded rapidly to X tons, picking up by X% against the previous year. Total imports indicated a moderate increase from 2007 to 2020: its volume 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, imports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in years to come.

In value terms, preserved swine belly imports surged to $X in 2020. Total imports indicated a resilient increase 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, imports increased by +X% against 2018 indices. The growth pace was the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

The U.S. represented the key importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Canada (X tons), mixing up a X% share of total imports.

The U.S. experienced a relatively flat trend pattern with regard to volume of imports of bellies and cuts of swine (salted, in brine, dried or smoked). At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2020. While the share of Canada (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of the U.S. (-X p.p.) displayed negative dynamics.

In value terms, the U.S. ($X) constitutes the largest market for imported bellies and cuts of swine (salted, in brine, dried or smoked) in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., preserved swine belly imports increased at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

In 2020, the preserved swine belly import price in Northern America amounted to $X per ton, rising by X% against the previous year. Import price indicated a temperate expansion from 2007 to 2020: its price 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, preserved swine belly import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2010 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox Platform

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