Frozen Pork Carcase Market Overview in Northern America
In value terms, frozen pork carcase production rose to $ in 2019 estimated in export prices. The total production indicated mild growth from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The growth pace was the most rapid in 2012 when the production volume increased by % year-to-year. The level of production peaked at $ in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.
The U.S. ( tonnes) remains the largest frozen pork carcase producing country in Northern America, accounting for % of total volume. Moreover, frozen pork carcase production in the U.S. exceeded the figures recorded by the second-largest producer, Canada ( tonnes), eightfold.
In the U.S., frozen pork carcase production remained relatively stable over the period from 2007-2019.
The revenue of the frozen pork carcase market in Northern America rose to $ in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. Over the period under review, the market reached the maximum level at $ in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.
From 2007 to 2019, the average annual rate of growth in terms of volume in the U.S. was relatively modest.
In value terms, the U.S. ($) led the market, alone. The second position in the ranking was occupied by Canada ($).
In the U.S., the frozen pork carcase market expanded at an average annual rate of +% over the period from 2007-2019.
The countries with the highest levels of frozen pork carcase per capita consumption in 2019 were the U.S. ( kg per persons) and Canada ( kg per persons).
From 2007 to 2019, the biggest increases were in Canada.