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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 PricingU.S.: Frozen Pork Cut Market 2024
Frozen Pork Cut Market Size in the U.S.
In 2022, the U.S. 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. In general, consumption continues to indicate strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Frozen Pork Cut Production in the U.S.
In value terms, frozen pork cut production amounted to $X in 2022. Overall, production saw a modest expansion. The growth pace was the most rapid in 2014 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.
Frozen Pork Cut Exports
Exports from the U.S.
In 2022, overseas shipments of frozen hams, shoulders and cuts of pig meat decreased by -63.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 100%. 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 declined notably to $X in 2022. Overall, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 110%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Exports by Country
The Dominican Republic (X tons), Colombia (X tons) and China (X tons) were the main destinations of frozen pork cut exports from the United States, with a combined 55% share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +18.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for frozen pork cut exported from the United States were the Dominican Republic ($X), Colombia ($X) and China ($X), with a combined 52% share of total exports.
The Dominican Republic, with a CAGR of +16.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2022, the average frozen pork cut export price amounted to $X per ton, picking up by 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2014 an increase of 15% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Pork Cut Imports
Imports into the U.S.
After two years of growth, overseas purchases of frozen hams, shoulders and cuts of pig meat decreased by -39.7% to X tons in 2022. Overall, imports, however, saw a strong increase. The growth pace was the most rapid in 2017 with an increase of 132% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.
In value terms, frozen pork cut imports fell significantly to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 192% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.
Imports by Country
In 2022, Canada (X tons) constituted the largest frozen pork cut supplier to the United States, accounting for a 82% share of total imports. Moreover, frozen pork cut imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tons), tenfold. The third position in this ranking was held by Denmark (X tons), with a 4% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+102.7% per year) and Denmark (+55.7% per year).
In value terms, Canada ($X) constituted the largest supplier of frozen hams, shoulders and cuts of pig meat to the United States, comprising 76% of total imports. The second position in the ranking was taken by Denmark ($X), with an 11% share of total imports. It was followed by Mexico, with a 5.4% share.
From 2012 to 2022, the average annual growth rate of value from Canada stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+66.3% per year) and Mexico (+97.4% per year).
Import Prices by Country
The average frozen pork cut import price stood at $X per ton in 2022, increasing by 2.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
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
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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
- 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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