U.S. - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBacon and Ham Price in the United States - 2023
Contents:
- Bacon and Ham Price in the United States (CIF) - 2023
- Bacon and Ham Price in the United States (FOB) - 2023
- Bacon and Ham Imports in the United States
- Bacon and Ham Exports in the United States
Bacon and Ham Price in the United States (CIF) - 2023
In August 2023, the average bacon and ham import price amounted to $9,792 per ton, picking up by 1.9% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 6.4% against the previous month. The import price peaked at $9,840 per ton in August 2022; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($15,661 per ton), while the price for Mexico ($4,797 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 Spain (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Bacon and Ham Price in the United States (FOB) - 2023
In August 2023, the average bacon and ham export price amounted to $4,835 per ton, surging by 6.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in September 2022 an increase of 14% against the previous month. Over the period under review, the average export prices attained the peak figure at $5,125 per ton in March 2023; however, from April 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Canada ($5,744 per ton), while the average price for exports to Panama ($2,941 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 Colombia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Bacon and Ham Imports in the United States
After three years of growth, supplies from abroad of bacon, ham and other dried, salted or smoked pig meat decreased by -1.6% to 42K tons in 2022. The total import volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of 42K tons, and then fell modestly in the following year.
In value terms, bacon and ham imports amounted to $374M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Bacon and Ham in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 91.7 | 116 | 160 | 188 | 27.0% |
| Canada | 95.9 | 111 | 145 | 135 | 12.1% |
| Spain | 28.7 | 25.4 | 38.0 | 39.4 | 11.1% |
| Mexico | 0.5 | 1.7 | 3.2 | 3.5 | 91.3% |
| Others | 8.6 | 7.4 | 11.0 | 9.1 | 1.9% |
| Total | 225 | 261 | 357 | 374 | 18.5% |
Top Suppliers of Bacon and Ham to the United States in 2022:
- Canada (23.5K tons)
- Italy (13.4K tons)
- Spain (3.0K tons)
- Mexico (0.7K tons)
Bacon and Ham Exports in the United States
In 2022, approx. 55K tons of bacon, ham and other dried, salted or smoked pig meat were exported from the United States; shrinking by -15.2% compared with the year before. Overall, exports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of 9%. As a result, the exports reached the peak of 65K tons, and then declined markedly in the following year.
In value terms, bacon and ham exports fell to $246M in 2022. Over the period under review, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, the exports reached the peak of $264M, and then fell in the following year.
| Export of Bacon and Ham in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 103 | 116 | 110 | 106 | 1.0% |
| Mexico | 65.8 | 41.0 | 59.9 | 57.9 | -4.2% |
| South Korea | 18.6 | 14.7 | 15.4 | 11.6 | -14.6% |
| Japan | 14.3 | 16.0 | 21.5 | 10.6 | -9.5% |
| Dominican Republic | 3.1 | 1.6 | 2.9 | 6.8 | 29.9% |
| Panama | 8.0 | 6.8 | 7.9 | 6.5 | -6.7% |
| French Polynesia | 3.2 | 2.5 | 4.7 | 5.6 | 20.5% |
| Guatemala | 2.1 | 2.1 | 5.4 | 4.9 | 32.6% |
| Chile | 2.4 | 1.4 | 4.4 | 4.6 | 24.2% |
| Bahamas | 3.4 | 2.0 | 2.9 | 3.9 | 4.7% |
| Colombia | 3.1 | 2.9 | 3.1 | 3.6 | 5.1% |
| New Zealand | 4.6 | 3.4 | 3.7 | 1.2 | -36.1% |
| Australia | 6.9 | 5.6 | 0.6 | 0.4 | -61.3% |
| Others | 23.2 | 18.9 | 21.3 | 21.9 | -1.9% |
| Total | 262 | 235 | 264 | 246 | -2.1% |
Top Export Markets for Bacon and Ham from the United States in 2022:
- Canada (20.9K tons)
- Mexico (14.4K tons)
- Japan (2.5K tons)
- South Korea (2.2K tons)
- Panama (1.8K tons)
- French Polynesia (1.6K tons)
- Guatemala (1.3K tons)
- Dominican Republic (1.3K tons)
- Chile (1.2K tons)
- Colombia (1.1K tons)
- Bahamas (0.9K tons)
- New Zealand (0.4K tons)
- Australia (0.1K tons)
This report provides an in-depth analysis of the bacon and ham 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 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
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
- 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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