Northern America: Pork Market 2025

Pork Market Size in Northern America

The North American pork market rose to $X in 2022, growing by 3.7% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Pork Production in Northern America

In value terms, pork production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 8.3%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in years to come.

The United States (X tons) constituted the country with the largest volume of pork production, comprising approx. 84% of total volume. Moreover, pork production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United States amounted to +1.5%.

In 2022, the average pork yield in Northern America reduced slightly to X kg per head, remaining relatively unchanged against the previous year's figure. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by 3%. Over the period under review, the pork yield attained the maximum level at X kg per head in 2021, and then fell slightly in the following year.

In 2022, the number of animals slaughtered for pork production in Northern America fell modestly to X heads, with a decrease of -1.9% on the year before. This number increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 7.4%. Over the period under review, this number reached the maximum level at X heads in 2020; however, from 2021 to 2022, producing animals failed to regain momentum.

Pork Exports

Exports in Northern America

In 2022, shipments abroad of pork decreased by -9.6% to X tons, falling for the second year in a row after six years of growth. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 19%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pork exports shrank to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The United States was the major exporting country with an export of around X tons, which resulted at 64% of total exports. It was distantly followed by Canada (X tons), creating a 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +1.8%).

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

The United States, with a CAGR of +1.2%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.4%).

Pork Imports

Imports in Northern America

In 2022, supplies from abroad of pork increased by 8.4% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, pork imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 37%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States was the major importer of pork in Northern America, with the volume of imports accounting for X tons, which was near 78% of total imports in 2022. It was distantly followed by Canada (X tons), generating a 21% share of total imports.

The United States was also the fastest-growing in terms of the pork imports, with a CAGR of +5.2% from 2012 to 2022. Canada experienced a relatively flat trend pattern. The United States (+11 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -10.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported pork in Northern America, comprising 76% of total imports. The second position in the ranking was taken by Canada ($X), with a 24% share of total imports.

In the United States, pork imports expanded at an average annual rate of +5.9% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 14% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.2%).

Source: IndexBox Platform

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