U.S.: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in the U.S.

The U.S. meat meals and pellets market reached $X in 2021, approximately mirroring the previous year. In general, consumption enjoyed a resilient increase. Meat meals and pellets consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in the U.S.

In value terms, meat meals and pellets production stood at $X in 2021. Over the period under review, production saw a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 31% against the previous year. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from the U.S.

Meat meals and pellets exports from the United States stood at X tons in 2021, approximately mirroring the previous year's figure. In general, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 113%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, meat meals and pellets exports surged to $X in 2021. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 78% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Mexico (X tons), Indonesia (X tons) and China (X tons) were the main destinations of meat meals and pellets exports from the United States, together accounting for 62% of total exports. These countries were followed by Vietnam, the Philippines, Canada, Ecuador and Thailand, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +56.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Mexico ($X) constituted the largest markets for meat meals and pellets exported from the United States worldwide, with a combined 55% share of total exports. Vietnam, Canada, the Philippines, Ecuador and Thailand lagged somewhat behind, together comprising a further 36%.

Vietnam, with a CAGR of +51.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat meals and pellets export price stood at $X per ton in 2021, with an increase of 23% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into the U.S.

In 2021, overseas purchases of flours, meals and pellets of meat or meat offal decreased by -18.9% to X tons, falling for the second year in a row after four years of growth. In general, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, meat meals and pellets imports declined to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 62% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia (X tons), Brazil (X tons) and Canada (X tons) were the main suppliers of meat meals and pellets imports to the United States, together comprising 73% of total imports. These countries were followed by France, New Zealand, Belgium and the UK, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +188.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat meals and pellets suppliers to the United States were Australia ($X), Brazil ($X) and Canada ($X), with a combined 67% share of total imports. These countries were followed by France, New Zealand, Belgium and the UK, which together accounted for a further 27%.

Belgium, with a CAGR of +161.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average meat meals and pellets import price amounted to $X per ton, with an increase of 14% against the previous year. Overall, the import price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Canada ($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 (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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