Northern America: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Northern America

In 2022, the North American market for frozen pig meat other than cuts or carcases increased by 73% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption recorded strong growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Northern America

In value terms, production of frozen pig meat other than cuts or carcases totaled $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 10%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were the United States (X tons) and Canada (X tons).

From 2012 to 2022, the most notable rate of growth in terms of carcases, amongst the main producing countries, was attained by the United States (with a CAGR of +0.5%).

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports in Northern America

In 2022, shipments abroad of frozen pig meat other than cuts or carcases decreased by -15.6% to X tons, falling for the second year in a row after five years of growth. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 27%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases reduced to $X in 2022. Over the period under review, exports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2020 when exports increased by 29%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States represented the main exporting country with an export of around X tons, which amounted to 66% of total exports. It was distantly followed by Canada (X tons), comprising a 34% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United States (with a CAGR of -0.3%).

In value terms, the United States ($X) remains the largest frozen pig meat other than cuts or carcases supplier in Northern America, comprising 72% of total exports. The second position in the ranking was taken by Canada ($X), with a 28% share of total exports.

In the United States, exports of frozen pig meat other than cuts or carcases remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a 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 (+0.6%).

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports in Northern America

In 2022, supplies from abroad of frozen pig meat other than cuts or carcases increased by 11% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of frozen pig meat other than cuts or carcases stood at $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 55%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) represented the major importer of frozen pig meat other than cuts or carcases, mixing up 78% of total imports. It was distantly followed by Canada (X tons), committing a 20% share of total imports. Greenland (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the frozen pig meat other than cuts or carcases imports, with a CAGR of +8.7% from 2012 to 2022. At the same time, Canada (+7.2%) and Greenland (+4.3%) displayed positive paces of growth. While the share of the United States (+3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported frozen pig meat other than cuts or carcases in Northern America, comprising 77% of total imports. The second position in the ranking was taken by Canada ($X), with a 21% share of total imports.

In the United States, imports of frozen pig meat other than cuts or carcases expanded at an average annual rate of +8.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (+9.2% per year) and Greenland (+3.3% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, picking up by 1.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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