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Canada - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCanada's Bacon and Ham Price Reduces 4%, Averaging $4,500 per Ton
Canada Bacon And Ham Export Price in February 2023
In February 2023, the bacon and ham price amounted to $4,500 per ton (FOB, Canada), reducing by -3.8% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 13% month-to-month. As a result, the export price reached the peak level of $5,581 per ton. From January 2023 to February 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In February 2023, the country with the highest price was the United States ($5,067 per ton), while the average price for exports to Mexico ($1,524 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.6%), while the prices for the other major destinations experienced a decline.
COUNTRY | Export Price of Bacon And Ham in Canada (USD per ton) | ||||||||||||
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Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
United States | 5,467 | 5,304 | 5,315 | 5,765 | 6,340 | 6,520 | 5,984 | 5,955 | 5,551 | 5,508 | 6,012 | 5,211 | 5,067 |
Panama | 3,917 | 3,989 | 4,360 | 4,704 | 4,469 | 4,304 | 4,334 | 3,525 | 4,191 | 4,231 | 3,935 | 3,481 | 3,024 |
Colombia | 5,589 | 5,790 | 5,264 | 5,203 | N/A | 5,072 | N/A | 4,508 | N/A | 2,741 | 4,567 | 2,408 | 2,296 |
Mexico | 2,128 | 2,651 | 4,111 | 3,360 | 2,958 | 4,530 | 3,028 | 3,542 | 3,421 | 3,226 | 1,258 | 1,855 | 1,524 |
Average | 4,974 | 4,733 | 5,178 | 5,297 | 5,377 | 5,576 | 5,431 | 5,564 | 5,250 | 4,951 | 5,581 | 4,679 | 4,500 |
Canada Bacon And Ham Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was swine bellies (salted, in brine, dried or smoked) ($4,732 per ton), while the average price for exports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) ($2,657 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for the following types: salted, dried, or smoked hams, shoulders and cuts of swine (+3.4%), while the prices for the other products experienced mixed trend patterns.
Canada Bacon And Ham Exports
Bacon and ham exports from Canada totaled 2.7K tons in February 2023, remaining stable against the month before. Over the period under review, exports saw slight growth. The most prominent rate of growth was recorded in March 2022 with an increase of 36% against the previous month. As a result, the exports reached the peak of 3.2K tons. From April 2022 to February 2023, the growth of the exports failed to regain momentum.
In value terms, bacon and ham exports contracted modestly to $12M (IndexBox estimates) in February 2023. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when exports increased by 29% against the previous month. As a result, the exports attained the peak of $15M. From April 2022 to February 2023, the growth of the exports remained at a lower figure.
Canada Bacon And Ham Exports by Type
Swine bellies (salted, in brine, dried or smoked) (2K tons) was the largest type of bacon and ham exported from Canada, with a 75% share of total exports. Moreover, swine bellies (salted, in brine, dried or smoked) exceeded the volume of the second product type, pig meat other than hams or bellies (salted, in brine, dried or smoked) (421 tons), fivefold.
From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of export of swine bellies (salted, in brine, dried or smoked) was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: pig meat other than hams or bellies (salted, in brine, dried or smoked) (-0.1% per month) and hams, shoulders and cuts of swine (salted, in brine, dried or smoked) (+5.2% per month).
In value terms, swine bellies (salted, in brine, dried or smoked) ($9.6M) remains the largest type of bacon and ham exported from Canada, comprising 79% of total exports. The second position in the ranking was taken by pig meat other than hams or bellies (salted, in brine, dried or smoked) ($1.9M), with a 15% share of total exports.
From February 2022 to February 2023, the average monthly rate of growth in terms of the export volume of swine bellies (salted, in brine, dried or smoked) was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: pig meat other than hams or bellies (salted, in brine, dried or smoked) (-0.0% per month) and hams, shoulders and cuts of swine (salted, in brine, dried or smoked) (+8.8% per month).
Canada Bacon And Ham Exports by Country
the United States (2.1K tons) was the main destination for bacon and ham exports from Canada, with a 76% share of total exports. Moreover, bacon and ham exports to the United States exceeded the volume sent to the second major destination, Colombia (291 tons), sevenfold. Panama (156 tons) ranked third in terms of total exports with a 5.8% share.
From February 2022 to February 2023, the average monthly growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Colombia (+29.8% per month) and Panama (+20.7% per month).
In value terms, the United States ($10M) remains the key foreign market for bacon and ham exports from Canada, comprising 86% of total exports. The second position in the ranking was taken by Colombia ($669K), with a 5.5% share of total exports. It was followed by Panama, with a 3.9% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Colombia (+20.5% per month) and Panama (+18.1% per month).
This report provides an in-depth analysis of the bacon and ham market in Canada. 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 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023