U.S.: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in the U.S.

In 2021, the U.S. preserved swine meat cut market decreased by -14.7% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in the U.S.

In value terms, preserved swine meat cut production reached $X in 2021. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 24% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from the U.S.

In 2021, after four years of decline, there was significant growth in overseas shipments of prepared or preserved shoulders and cuts of swine meat, when their volume increased by 1,553% to X tons. Overall, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved swine meat cut exports soared to $X in 2021. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for preserved swine meat cut exports from the United States, accounting for a 89% share of total exports. Moreover, preserved swine meat cut exports to Japan exceeded the volume sent to the second major destination, Canada (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +47.2%.

In value terms, Japan ($X) emerged as the key foreign market for prepared or preserved shoulders and cuts of swine meat exports from the United States, comprising 88% of total exports. The second position in the ranking was held by Canada ($X), with a 9.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +48.8%.

Export Prices by Country

The average preserved swine meat cut export price stood at $X per ton in 2021, dropping by -11.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 16%. The export price peaked at $X per ton in 2020, and then declined in the following year.

Average prices varied noticeably for the major foreign 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 Japan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into the U.S.

In 2021, supplies from abroad of prepared or preserved shoulders and cuts of swine meat increased by 19% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, showed a perceptible descent. The growth pace was the most rapid in 2016 with an increase of 22%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved swine meat cut imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) was the main supplier of preserved swine meat cut to the United States, with a 91% share of total imports. Moreover, preserved swine meat cut imports from Canada exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-15.6% per year) and Hungary (+21.4% per year).

In value terms, Canada ($X) constituted the largest supplier of prepared or preserved shoulders and cuts of swine meat to the United States, comprising 94% of total imports. The second position in the ranking was held by Poland ($X), with a 3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-16.6% per year) and Hungary (+19.9% per year).

Import Prices by Country

In 2021, the average preserved swine meat cut import price amounted to $X per ton, increasing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 17%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Poland ($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 (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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