Northern America: Sausage Market 2024

Sausage Market Size in Northern America

The North American sausage market declined to $X in 2021, shrinking by -6.9% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Sausage Production in Northern America

In value terms, sausage production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 18% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Sausage Exports

Exports in Northern America

After two years of decline, shipments abroad of sausages and similar products of meat increased by 26% to X tons in 2021. The total export volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sausage exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was approx. 91% of total exports in 2021. It was distantly followed by Canada (X tons), achieving an 8.9% share of total exports.

The United States was also the fastest-growing in terms of the sausages and similar products of meat exports, with a CAGR of +2.5% from 2012 to 2021. At the same time, Canada (+1.7%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest sausage supplier in Northern America, comprising 93% of total exports. The second position in the ranking was held by Canada ($X), with a 7.4% share of total exports.

In the United States, sausage exports expanded at an average annual rate of +2.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, which is down by -5.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by 7.3% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.6%).

Sausage Imports

Imports in Northern America

For the fourth year in a row, Northern America recorded growth in purchases abroad of sausages and similar products of meat, which increased by 11% to X tons in 2021. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sausage imports surged to $X in 2021. The total import value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada represented the largest importing country with an import of about X tons, which accounted for 65% of total imports. It was distantly followed by the United States (X tons), generating a 33% share of total imports. Greenland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +10.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Canada ($X) constitutes the largest market for imported sausages and similar products of meat in Northern America, comprising 71% of total imports. The second position in the ranking was taken by the United States ($X), with a 27% share of total imports.

In Canada, sausage imports expanded at an average annual rate of +4.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United States (+10.2% per year) and Greenland (-0.7% per year).

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, picking up by 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 an increase of 6.9% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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