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Canada - Bellies And Cuts Of Swine (Salted, In Brine, Dried Or Smoked) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Salted, Dried, or Smoked Swine Bellies in Canada - 2023
Contents:
- Price for Salted, Dried, or Smoked Swine Bellies in Canada (FOB) - 2023
- Price for Salted, Dried, or Smoked Swine Bellies in Canada (CIF) - 2023
- Exports of Salted, Dried, or Smoked Swine Bellies in Canada
- Imports of Salted, Dried, or Smoked Swine Bellies in Canada
Price for Salted, Dried, or Smoked Swine Bellies in Canada (FOB) - 2023
In September 2023, the average export price for swine bellies (salted, in brine, dried or smoked) amounted to $5,096 per ton, shrinking by -7.2% against the previous month. Overall, the export price recorded a slight slump. The pace of growth was the most pronounced in August 2023 an increase of 15% against the previous month. The export price peaked at $5,968 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the United States ($5,319 per ton), while the average price for exports to Mexico totaled $1,386 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.0%), while the prices for the other major destinations experienced a decline.
Price for Salted, Dried, or Smoked Swine Bellies in Canada (CIF) - 2023
The average import price for swine bellies (salted, in brine, dried or smoked) stood at $7,670 per ton in September 2023, picking up by 4.4% against the previous month. Overall, the import price, however, saw a pronounced downturn. The growth pace was the most rapid in April 2023 an increase of 15% month-to-month. The import price peaked at $11,172 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($10,420 per ton), while the price for the United States stood at $7,490 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.4%).
Exports of Salted, Dried, or Smoked Swine Bellies in Canada
After three years of growth, shipments abroad of swine bellies (salted, in brine, dried or smoked) decreased by -12.9% to 22K tons in 2022. The total export volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 26K tons, and then dropped in the following year.
In value terms, exports of swine bellies (salted, in brine, dried or smoked) dropped to $128M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 35%. As a result, the exports reached the peak of $137M, and then shrank in the following year.
Export of Salted, Dried, or Smoked Swine Bellies in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 80.6 | 98.6 | 134 | 124 | 15.4% |
Mexico | 2.0 | 2.1 | 2.1 | 2.9 | 13.2% |
Others | 1.4 | 0.6 | 0.7 | 1.0 | -10.6% |
Total | 84.0 | 101 | 137 | 128 | 15.1% |
Top Export Markets for Salted, Dried, or Smoked Swine Bellies from Canada in 2022:
- United States (20.9K tons)
- Mexico (0.8K tons)
Imports of Salted, Dried, or Smoked Swine Bellies in Canada
In 2022, supplies from abroad of swine bellies (salted, in brine, dried or smoked) decreased by -46.5% to 1.7K tons, falling for the second year in a row after two years of growth. In general, imports saw a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. As a result, imports attained the peak of 6.6K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of swine bellies (salted, in brine, dried or smoked) dropped dramatically to $16M in 2022. Overall, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, imports reached the peak of $39M. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Salted, Dried, or Smoked Swine Bellies in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 29.9 | 38.8 | 26.5 | 15.3 | -20.0% |
Italy | 0.2 | 0.4 | 0.6 | 0.8 | 58.7% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 30.3 | 39.2 | 27.2 | 16.1 | -19.0% |
Top Suppliers of Salted, Dried, or Smoked Swine Bellies to Canada in 2022:
- United States (1642.4 tons)
- Italy (93.7 tons)
This report provides an in-depth analysis of the market for salted, dried, or smoked swine bellies 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 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
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
-
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
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