Northern America: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Northern America

The North American market for salted, dried or smoked meat, and offal expanded modestly to $X in 2022, growing by 1.8% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Production of Salted, Dried or Smoked Meat, and Offal in Northern America

In value terms, production of salted, dried or smoked meat, and offal amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 5.6% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports in Northern America

In 2022, approx. X tons of salted, dried or smoked meat, and offal were exported in Northern America; which is down by -16.3% compared with the previous year's figure. In general, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2015 with an increase of 17%. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of salted, dried or smoked meat, and offal reduced to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports attained the peak of $X, and then shrank modestly in the following year.

Exports by Country

In 2022, the United States (X tons) represented the largest exporter of salted, dried or smoked meat, and offal, mixing up 64% of total exports. It was distantly followed by Canada (X tons), achieving a 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +1.3%).

In value terms, the largest salted, dried or smoked meat, and offal supplying countries in Northern America were the United States ($X) and Canada ($X).

Among the main exporting countries, Canada, with a CAGR of +4.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, 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 the United States (+4.3%).

Imports of Salted, Dried or Smoked Meat, and Offal

Imports in Northern America

In 2022, after five years of growth, there was decline in overseas purchases of salted, dried or smoked meat, and offal, when their volume decreased by -1% to X tons. Over the period under review, imports, however, showed a measured increase. The growth pace was the most rapid in 2018 when imports increased by 36% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2021, and then reduced modestly in the following year.

In value terms, imports of salted, dried or smoked meat, and offal rose modestly to $X in 2022. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X tons) represented the key importer of salted, dried or smoked meat, and offal, committing 65% of total imports. It was distantly followed by Canada (X tons), creating a 34% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of +6.4%).

In value terms, the United States ($X) constitutes the largest market for imported salted, dried or smoked meat, and offal in Northern America, comprising 70% of total imports. The second position in the ranking was taken by Canada ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +8.9%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, surging by 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 when the import price increased by 14%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, 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 Canada (+2.5%).

Source: IndexBox Platform