Northern America: Fresh Pork Carcase Market 2024

Fresh Pork Carcase Market Size in Northern America

The North American fresh pork carcase market expanded modestly to $X in 2022, growing by 3.1% against the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.3% against 2020 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Fresh Pork Carcase Production in Northern America

In value terms, fresh pork carcase production rose to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.1% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 39% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The country with the largest volume of fresh pork carcase production was Canada (X tons), accounting for 96% of total volume. Moreover, fresh pork carcase production in Canada exceeded the figures recorded by the second-largest producer, the United States (X tons), more than tenfold.

In Canada, fresh pork carcase production remained relatively stable over the period from 2012-2022.

Fresh Pork Carcase Exports

Exports in Northern America

In 2022, approx. X tons of fresh or chilled carcases of pig meat were exported in Northern America; approximately reflecting the previous year. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 146%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh pork carcase exports shrank to $X in 2022. Overall, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2016 when exports increased by 265% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States was the largest exporter of fresh or chilled carcases of pig meat in Northern America, with the volume of exports amounting to X tons, which was near 80% of total exports in 2022. It was distantly followed by Canada (X tons), mixing up a 20% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fresh pork carcase exports from the United States stood at -12.6%. At the same time, Canada (+46.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +46.9% from 2012-2022. Canada (+20 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -19.7% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest fresh pork carcase supplier in Northern America, comprising 85% of total exports. The second position in the ranking was held by Canada ($X), with a 15% share of total exports.

In the United States, fresh pork carcase exports plunged by an average annual rate of -11.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 48% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.5%).

Fresh Pork Carcase Imports

Imports in Northern America

In 2022, fresh pork carcase imports in Northern America skyrocketed to X tons, growing by 1,075% compared with the previous year. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 1,725% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh pork carcase imports skyrocketed to $X in 2022. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2015 when imports increased by 2,377% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, accounting for X tons, which was approx. 88% of total imports in 2022. Bermuda (X tons) held the second position in the ranking, followed by Saint Pierre and Miquelon (X tons). All these countries together took near 12% share of total imports.

The United States was also the fastest-growing in terms of the fresh or chilled carcases of pig meat imports, with a CAGR of +56.1% from 2012 to 2022. At the same time, Bermuda (+33.7%) and Saint Pierre and Miquelon (+5.1%) displayed positive paces of growth. The United States (+65 p.p.) significantly strengthened its position in terms of the total imports, while Saint Pierre and Miquelon saw its share reduced by -61.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported fresh or chilled carcases of pig meat in Northern America, comprising 81% of total imports. The second position in the ranking was held by Bermuda ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +56.2%. In the other countries, the average annual rates were as follows: Bermuda (+40.1% per year) and Saint Pierre and Miquelon (+2.5% per year).

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, with a decrease of -10.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 200%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bermuda ($X per ton), while Saint Pierre and Miquelon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bermuda (+4.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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