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Northern America - Frozen Hams, Shoulders and Cuts of Pig Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNorthern America: Frozen Pork Cut Market 2024
Frozen Pork Cut Market Size in Northern America
In 2022, the North American frozen pork cut market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption posted a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Frozen Pork Cut Production in Northern America
In value terms, frozen pork cut production expanded sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.
The countries with the highest volumes of production in 2022 were the United States (X tons) and Canada (X tons).
From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +6.3%).
Frozen Pork Cut Exports
Exports in Northern America
In 2022, overseas shipments of frozen hams, shoulders and cuts of pig meat decreased by -50.5% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a slight decline. The growth pace was the most rapid in 2020 with an increase of 109%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, frozen pork cut exports dropped notably to $X in 2022. In general, exports recorded a mild slump. The pace of growth appeared the most rapid in 2020 when exports increased by 117% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.
Exports by Country
Canada (X tons) and the United States (X tons) represented roughly 99.9% of total exports in 2022.
From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +2.4%).
In value terms, the largest frozen pork cut supplying countries in Northern America were Canada ($X) and the United States ($X).
Among the main exporting countries, Canada, with a CAGR of +0.7%, recorded the highest growth rate of the value of exports, over the period under review.
Export Prices by Country
The export price in Northern America stood at $X per ton in 2022, waning by -5.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 14%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.0%).
Frozen Pork Cut Imports
Imports in Northern America
After two years of growth, purchases abroad of frozen hams, shoulders and cuts of pig meat decreased by -39.7% to X tons in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 126% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.
In value terms, frozen pork cut imports fell sharply to $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 173%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.
Imports by Country
The United States dominates imports structure, resulting at X tons, which was approx. 95% of total imports in 2022. Canada (X tons) took a little share of total imports.
The United States was also the fastest-growing in terms of the frozen hams, shoulders and cuts of pig meat imports, with a CAGR of +8.0% from 2012 to 2022. Canada (-6.1%) illustrated a downward trend over the same period. While the share of the United States (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-8.8 p.p.) displayed negative dynamics.
In value terms, the United States ($X) constitutes the largest market for imported frozen hams, shoulders and cuts of pig meat in Northern America, comprising 94% of total imports. The second position in the ranking was held by Canada ($X), with a 2.9% share of total imports.
From 2012 to 2022, the average annual growth rate of value in the United States amounted to +8.8%.
Import Prices by Country
In 2022, the import price in Northern America amounted to $X per ton, growing by 3.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 23%. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.7%).
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the frozen pork cut market in Northern America. 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:
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Northern America, split by region and country
- Trade (exports and imports) in Northern America
- 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
- CONSUMPTION BY COUNTRY
- 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 VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 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, 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, 2012–2023
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