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U.S. - Frozen Hams, Shoulders And Cuts Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Pork Cut Price in the United States - 2023
Contents:
- Frozen Pork Cut Price in the United States (FOB) - 2023
- Frozen Pork Cut Price in the United States (CIF) - 2023
- Frozen Pork Cut Exports in the United States
- Frozen Pork Cut Imports in the United States
Frozen Pork Cut Price in the United States (FOB) - 2023
In August 2023, the average frozen pork cut export price amounted to $2,654 per ton, with an increase of 2.2% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 11% m-o-m. Over the period under review, the average export prices attained the maximum at $2,729 per ton in December 2022; afterwards, it flattened through to August 2023.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was South Korea ($3,411 per ton), while the average price for exports to China ($1,961 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Pork Cut Price in the United States (CIF) - 2023
In August 2023, the average frozen pork cut import price amounted to $2,826 per ton, declining by -25% against the previous month. In general, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 36% month-to-month. As a result, import price reached the peak level of $3,767 per ton, and then declined remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Denmark ($4,319 per ton), while the price for Mexico ($1,420 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+0.1%), while the prices for the other major suppliers experienced a decline.
Frozen Pork Cut Exports in the United States
In 2022, overseas shipments of frozen hams, shoulders and cuts of pig meat decreased by -63.2% to 63K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 100% against the previous year. As a result, the exports reached the peak of 214K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, frozen pork cut exports dropped significantly to $152M in 2022. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 110%. As a result, the exports attained the peak of $447M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Frozen Pork Cut in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Dominican Republic | 12.0 | 8.5 | 13.4 | 35.5 | 43.6% |
Colombia | 15.0 | 11.1 | 23.2 | 29.6 | 25.4% |
China | 86.4 | 321 | 234 | 14.4 | -45.0% |
Mexico | 46.6 | 39.5 | 11.0 | 12.6 | -35.3% |
Honduras | 7.1 | 5.6 | 14.3 | 10.7 | 14.7% |
South Korea | 10.2 | 8.6 | 19.7 | 10.2 | 0.0% |
Guatemala | 3.7 | 4.3 | 13.1 | 6.3 | 19.4% |
Others | 32.2 | 48.5 | 61.2 | 32.7 | 0.5% |
Total | 213 | 447 | 390 | 152 | -10.6% |
Top Export Markets for Frozen Pork Cut from the United States in 2022:
- Dominican Republic (14.3K tons)
- Colombia (13.2K tons)
- China (7.5K tons)
- Honduras (5.5K tons)
- Mexico (4.8K tons)
- South Korea (3.1K tons)
- Guatemala (3.0K tons)
Frozen Pork Cut Imports in the United States
In 2022, purchases abroad of frozen hams, shoulders and cuts of pig meat decreased by -39.7% to 6.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year.
In value terms, frozen pork cut imports shrank notably to $18M in 2022. Overall, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 60%.
Import of Frozen Pork Cut in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 11.8 | 18.0 | 20.3 | 13.4 | 4.3% |
Denmark | N/A | 0.8 | 0.8 | 1.9 | 54.1% |
Mexico | 0.1 | 0.1 | 1.6 | 1.0 | 115.4% |
Poland | 3.6 | 0.1 | 0.3 | 0.7 | -42.1% |
Chile | 1.0 | 1.1 | 0.6 | 0.3 | -33.1% |
United Kingdom | N/A | 6.5 | 3.6 | N/A | -44.6% |
Others | 0.3 | 0.2 | 1.4 | 0.4 | 10.1% |
Total | 16.8 | 26.8 | 28.6 | 17.7 | 1.8% |
Top Suppliers of Frozen Pork Cut to the United States in 2022:
- Canada (5398.2 tons)
- Mexico (525.4 tons)
- Denmark (266.5 tons)
- Poland (173.8 tons)
- Chile (95.6 tons)
- United Kingdom (0.7 tons)
This report provides an in-depth analysis of the frozen pork cut 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 10113250 - Frozen hams, shoulders and cuts with bone in, 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
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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
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In value terms, frozen pork cut exports dropped to $14M in April 2023.
Discover the top companies in the pork industry in the US, their strategies, and how they succeed. Learn about Smithfield Foods, Tyson Foods, Hormel Foods, and JBS USA.
In February 2023, the price of pork leveled off compared to the previous month, amounting to $2,674 per ton (FOB, US).
In August 2022, the pork price per ton amounted to $3.0K (FOB, US), which is down by -2.8% against the previous month.
In June 2022, the pork price per tonamounted to $2,920 per ton, picking up by 2.6% against the previous month.
In May 2022, the pork price per ton amounted to $2,847 (FOB, US), rising by 5.5% against the previous month.
In Apr 2022, the average import pork price per ton amounted to $3,769, with an increase of 2.4% against the previous month.
Over the previous year, the U.S. has seen pork exports hit record highs, largely due to unprecedented demand from China and the Philippines, where livestock numbers have fallen dramatically after the outbreaks of African swine fever. The U.S. is forecast to achieve a 5% growth in pork production in 2021 and exports are projected to remain high, driven by robust both domestic and foreign demand.
Discover the leading countries in the global pork import market and their key statistics. Learn about the top importers of pork products and their role in meeting the demand for pork around the world.
Explore the top import markets for pork based on their import value in 2022. Japan, China, Mexico, Italy, South Korea, United States, Poland, Germany, United Kingdom, and Romania lead the way. Get key statistics and insights from the IndexBox market intelligence platform.