U.S.: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in the U.S.

In 2020, the U.S. preserved swine belly market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. The market 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 in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Preserved Swine Belly Production in the U.S.

In value terms, preserved swine belly production reduced to $X in 2020. Over the period under review, the total production indicated moderate growth from 2007 to 2020: its value 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. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Preserved Swine Belly Exports

Exports from the U.S.

In 2020, preserved swine belly exports from the U.S. contracted to X tons, waning by -X% compared with the previous year's figure. Over the period under review, total exports indicated resilient growth 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 decreased by -X% against 2017 indices. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Exports peaked at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, preserved swine belly exports contracted remarkably to $X in 2020. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Exports peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and Japan (X tons) were the main destinations of preserved swine belly exports from the U.S., together accounting for X% of total exports. South Korea, Australia, New Zealand and French Polynesia lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and Japan ($X) were the largest markets for preserved swine belly exported from the U.S. worldwide, together accounting for X% of total exports. These countries were followed by South Korea, Australia, New Zealand and French Polynesia, which together accounted for a further X the main countries of destination, Australia saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2020, falling by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while the average price for exports to French Polynesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports into the U.S.

In 2020, the amount of bellies and cuts of swine (salted, in brine, dried or smoked) imported into the U.S. skyrocketed to X tons, increasing by X% against 2019. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, preserved swine belly imports surged to $X in 2020. Overall, total imports indicated a perceptible expansion from 2007 to 2020: its value 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, imports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in the near future.

Imports by Country

In 2020, Canada (X tons) was the main preserved swine belly supplier to the U.S., accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Canada was relatively modest.

In value terms, Canada ($X) constituted the largest supplier of preserved swine belly to the U.S..

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

Import Prices by Country

In 2020, the average preserved swine belly import price amounted to $X per ton, picking up by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2007 to 2020, the rate of growth in terms of prices for Canada amounted to +X% per year.

Source: IndexBox Platform

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