U.S.: Preserved Pork Market 2021

Preserved Pork Market Size in the U.S.

The U.S. preserved pork market expanded modestly to $X in 2020, picking up by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Preserved pork consumption peaked at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Preserved Pork Production in the U.S.

In value terms, preserved pork production reached $X in 2020. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Preserved pork production peaked at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Preserved Pork Exports

Exports from the U.S.

In 2020, overseas shipments of pig meat salted (salted, in brine, dried or smoked) increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. Overall, exports showed a notable increase. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Exports peaked at X tons in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, preserved pork exports expanded rapidly to $X in 2020. Over the period under review, total exports indicated a perceptible increase 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 growth pace was the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Canada (X tons), Panama (X tons) and Belize (X tons) were the main destinations of preserved pork exports from the U.S., together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Panama (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for preserved pork exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Panama ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+X% per year) and Mexico (+X% per year).

Export Prices by Country

The average preserved pork export price stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per ton in 2015; however, from 2016 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 ($X per ton), while the average price for exports to Belize ($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 Pork Imports

Imports into the U.S.

Preserved pork imports into the U.S. expanded sharply to X tons in 2020, with an increase of X% on 2019. Over the period under review, total imports indicated modest growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Imports peaked at X tons in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, preserved pork imports skyrocketed to $X in 2020. In general, total imports indicated a pronounced increase 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 decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2019 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Italy (X tons) constituted the largest preserved pork supplier to the U.S., with a X% share of total imports. Moreover, preserved pork imports from Italy exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Spain (+X% per year).

In value terms, Italy ($X) constituted the largest supplier of preserved pork to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Spain (+X% per year).

Import Prices by Country

The average preserved pork import price stood at $X per ton in 2020, rising by X% against the previous year. Overall, import price indicated a temperate expansion from 2007 to 2020: its price 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, preserved pork import price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2009 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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