Northern America: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Northern America

The North American preserved belly cut market declined to $X in 2020, almost unchanged from the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Preserved Belly Cut Production in Northern America

In value terms, preserved belly cut production dropped modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

Production By Country in Northern America

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

From 2007 to 2020, the average annual rate of growth in terms of volume in the U.S. totaled +X%.

Preserved Belly Cut Exports

Exports in Northern America

In 2020, approx. X tons of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) were exported in Northern America; growing by X% compared with 2019 figures. Total exports indicated a buoyant increase from 2007 to 2020: its volume 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. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved belly cut exports surged to $X in 2020. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. The level of export peaked in 2020 and is likely to continue growth in the near future.

Exports by Country

In 2020, the U.S. (X tons) represented the main exporter of hams, shoulders and cuts of swine (salted, in brine, dried or smoked), creating X% of total exports. It was distantly followed by Canada (X tons), making up a X% share of total exports.

The U.S. was also the fastest-growing in terms of the hams, shoulders and cuts of swine (salted, in brine, dried or smoked) exports, with a CAGR of +X% from 2007 to 2020. At the same time, Canada (+X%) displayed positive paces of growth. From 2007 to 2020, the share of the U.S. increased by +X% percentage points, while Canada (-X p.p.) saw their share reduced.

In value terms, the U.S. ($X) remains the largest preserved belly cut supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

In the U.S., preserved belly cut exports expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

In 2020, the preserved belly cut export price in Northern America amounted to $X per ton, dropping by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the U.S. ($X per ton), while Canada amounted to $X per ton.

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

Preserved Belly Cut Imports

Imports in Northern America

In 2020, purchases abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, preserved belly cut imports expanded markedly to $X in 2020. Over the period under review, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Canada (X tons) represented the major importer of hams, shoulders and cuts of swine (salted, in brine, dried or smoked), generating X% of total imports. It was distantly followed by the U.S. (X tons), making up a X% share of total imports.

Canada was also the fastest-growing in terms of the hams, shoulders and cuts of swine (salted, in brine, dried or smoked) imports, with a CAGR of +X% from 2007 to 2020. At the same time, the U.S. (+X%) displayed positive paces of growth. Canada (+X p.p.) significantly strengthened its position in terms of the total imports, while the U.S. saw its share reduced by -X% from 2007 to 2020, respectively.

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

From 2007 to 2020, the average annual growth rate of value in Canada amounted to +X%.

Import Prices by Country

The preserved belly cut import price in Northern America stood at $X per ton in 2020, growing by X% against 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 2012 when the import price increased by X% against the previous year. The level of import peaked in 2020 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($X per ton), while Canada totaled $X per ton.

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

Source: IndexBox Platform

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