Salted, brined, dried or smoked pork market in Americas

Earlier Report Observations

Between 2018 and 2023, the market volume for salted, brined, dried or smoked pork in the Americas remained relatively stable, fluctuating within a narrow band around 2.6 million tons annually. The most notable shift occurred in market value, which climbed from $13.5 billion to $18.9 billion, indicating a significant increase in unit prices or consumer uptake of premium products.

By 2024, the market was characterized by strong growth fundamentals. Rising consumer demand for convenient, protein-rich foods and technological improvements in meat processing supported expansion. Major players like Hormel Foods pursued growth and international strategies, while import prices for products like bacon and ham reached record levels, further elevating market value. Consumer preferences increasingly favored healthier and sustainably sourced options, shaping product development and marketing.

Production salted, brined, dried or smoked pork in Americas

In kind, 2017-2020, K t

Top producers of salted, brined, dried or smoked pork, 2017-2020

World map of production of salted, brined, dried or smoked pork, 2017-2020

Production of salted, brined, dried, or smoked pork in the Americas has increased for the third consecutive year. In 2020, the region produced 2 728 thousand tons, marking a slight uptick of 1.5% compared to 2019. Over the period from 2017 to 2020, production surged by 2 086.6%, translating to a compound annual growth rate of 179.6%.

Annual dynamics of production in Americas in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The value of salted, brined, dried, or smoked pork production in the Americas has also risen for the third year in a row. In 2020, output was valued at 17 349 million US dollars, reflecting a robust increase of 13.2% from the previous year. Between 2017 and 2020, production value grew by 2 764.9%, equating to an annualized rate of 206.0%.

Annual dynamics of production in Americas in value, 2017-2020, M $ US

Exports salted, brined, dried or smoked pork from Americas

Exports in kind, t

In 2020, the Americas exported 22 146 tons of salted, brined, dried, or smoked pork, showing a moderate decline of 6.1% compared to 2019. Over the 2017-2020 period, exports decreased by 5.1%, with a compound annual growth rate of -1.7%. The lowest export volume was recorded in 2018 at 20 342 tons, while the highest was in 2019 at 23 594 tons. The largest decline occurred in 2018 at 12.9%, and the largest increase was in 2019 at 16.0%.

Annual dynamics of product's exports from Americas in kind, 2017-2020, t

From 2017 to 2020, no single market dominated exports of salted, brined, dried, or smoked pork from the Americas. China accounted for 3.6% of exports in kind, followed by Asia, not elsewhere specified, at 2.5%, and New Zealand at 1.0%. Together, these three partners represented only 7.1% of total exports, with many smaller markets holding modest individual shares.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Americas in kind, 2017-2020

Exports in value, M $ US

The value of salted, brined, dried, or smoked pork exports from the Americas increased for the second consecutive year. In 2020, exports amounted to 140.8 million US dollars, indicating a limited rise of 4.7% compared to 2019. Over the 2017-2020 period, export value grew by 24.3%, with a compound annual growth rate of 7.5%. The lowest value was recorded in 2018 at 102.2 million US dollars. The largest decline occurred in 2018 at 9.8%, while the largest increase was in 2019 at 31.7%.

Annual dynamics of product's exports from Americas in value, 2017-2020, M $ US

Between 2017 and 2020, the leading destinations for salted, brined, dried, or smoked pork exports from the Americas in value terms were China, with 1.9% of exports, Asia, not elsewhere specified, at 1.4%, and New Zealand at 0.6%. Collectively, these three markets accounted for 3.9% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Americas in value, 2017-2020

Imports salted, brined, dried or smoked pork to Americas

Imports in kind, t

After a two-year decline, imports of salted, brined, dried, or smoked pork into the Americas increased in 2020. The region imported 23 833 tons, representing a 13.2% year-over-year rise. Between 2017 and 2020, imports decreased by 43%, equating to an annualized rate of -17.1%. The lowest import volume was recorded in 2019 at 21 051 tons. The largest decline occurred in 2018 at 43.5%.

Annual dynamics of product's imports to Americas in kind, 2017-2020, t

Throughout 2017-2020, Spain, Italy, and Germany were the key markets for imports of salted, brined, dried, or smoked pork into the Americas, together accounting for 14.8% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Americas in kind, 2017-2020

Imports in value, M $ US

Imports of salted, brined, dried, or smoked pork into the Americas declined for the second consecutive year. In 2020, imports totaled 280.5 million US dollars, corresponding to a gradual decrease of 7.1% year-over-year. Between 2017 and 2020, import value decreased by 3.4%, equating to an annualized rate of -1.2%. The highest value was recorded in 2018 at 311.7 million US dollars. The largest increase occurred in 2018 at 7.3%.

Annual dynamics of product's imports to Americas in value, 2017-2020, M $ US

From 2017 to 2020, Spain and Italy were the leading sources for imports of salted, brined, dried, or smoked pork into the Americas in value terms, jointly representing 26.3% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Americas in value, 2017-2020