Report Update Nov 1, 2024

U.S. - Frozen Carcases of Pig Meat - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Frozen Pork Carcase Market 2024

Frozen Pork Carcase Market Size in the U.S.

The U.S. frozen pork carcase market skyrocketed to $X in 2022, with an increase of 131% against the previous year. In general, consumption continues to indicate a resilient increase. Frozen pork carcase consumption peaked in 2022 and is expected to retain growth in the immediate term.

Frozen Pork Carcase Production in the U.S.

In value terms, frozen pork carcase production surged to $X in 2022. Overall, production recorded resilient growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Frozen Pork Carcase Exports

Exports from the U.S.

In 2022, shipments abroad of frozen carcases of pig meat decreased by -62% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 29,296% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen pork carcase exports fell notably to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 26,306%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for frozen pork carcase exports from the United States, with a 85% share of total exports. Moreover, frozen pork carcase exports to China exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold. Costa Rica (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +74.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.3% per year) and Costa Rica (+27.8% per year).

In value terms, China ($X) remains the key foreign market for frozen carcases of pig meat exports from the United States, comprising 92% of total exports. The second position in the ranking was held by Mexico ($X), with a 1.8% share of total exports. It was followed by South Korea, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +98.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.6% per year) and South Korea (+0.1% per year).

Export Prices by Country

The average frozen pork carcase export price stood at $X per ton in 2022, increasing by 112% against the previous year. In general, the export price posted buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Pork Carcase Imports

Imports into the U.S.

In 2022, imports of frozen carcases of pig meat into the United States skyrocketed to X tons, increasing by 41% on the year before. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 6,357% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, frozen pork carcase imports surged to $X in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 3,102% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons) was the main supplier of frozen pork carcase to the United States, accounting for a 92% share of total imports. Moreover, frozen pork carcase imports from Spain exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

From 2014 to 2022, the average annual rate of growth in terms of volume from Spain totaled +150.8%.

In value terms, Spain ($X) constituted the largest supplier of frozen carcases of pig meat to the United States, comprising 84% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

From 2014 to 2022, the average annual growth rate of value from Spain totaled +143.5%.

Import Prices by Country

In 2022, the average frozen pork carcase import price amounted to $X per ton, with an increase of 8.2% against the previous year. Overall, the import price, however, recorded a precipitous decrease. The pace of growth was the most pronounced in 2016 an increase of 1,248% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Spain stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+11.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen carcases of pig meat in the world?

Russia remains the largest frozen pork carcase consuming country worldwide, comprising approx. 42% of total volume. Moreover, frozen pork carcase consumption in Russia exceeded the figures recorded by the second-largest consumer, Germany, twofold. The third position in this ranking was occupied by Brazil, with a 12% share.

What are the largest producers of frozen carcases of pig meat in the world?

Russia remains the largest frozen pork carcase producing country worldwide, comprising approx. 33% of total volume. Moreover, frozen pork carcase production in Russia exceeded the figures recorded by the second-largest producer, Germany, twofold. The third position in this ranking was occupied by the United States, with a 15% share.

What are the leading suppliers of frozen carcases of pig meat to the U.S.?

In value terms, Spain constituted the largest supplier of frozen pork carcase to the United States.

What are the leading importers of frozen carcases of pig meat from the U.S.?

In value terms, China remains the key foreign market for frozen pork carcase exports from the United States.

What is the average export price for frozen carcases of pig meat in the U.S.?

The average frozen pork carcase export price stood at $2,583 per ton in 2020, waning by -3.8% against the previous year.

What is the average import price for frozen carcases of pig meat in the U.S.?

The average frozen pork carcase import price stood at $22,816 per ton in 2020, increasing by 1,122% against the previous year.

This report provides an in-depth analysis of the frozen pork carcase market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10113230 - Frozen carcases and half-carcases, of pig meat

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023