Salted, brined, dried or smoked pork market in Northern America

Earlier Report Observations

The market volume for salted, brined, dried or smoked pork in Northern America increased from 2 611 thousand tons in 2018 to a peak of 2 705 thousand tons in 2020, reflecting consistent demand growth. This expansion was followed by a contraction to 2 604 thousand tons in 2022, with a partial recovery to 2 628 thousand tons in 2023, indicating market stabilization after a period of fluctuation.

By 2024, import prices for related pork products reached record highs, signaling sustained demand pressure within the specialty segment. Consumer preferences continued to shift towards organic, grass-fed options and plant-based alternatives, influencing the traditional processed meat landscape. Major companies, including Hormel Foods, concentrated on core business growth and international expansion, contributing to evolving competitive dynamics.

Production salted, brined, dried or smoked pork in Northern America

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

Northern America's production of salted, brined, dried, or smoked pork has grown for the third year in a row. In 2020, the region produced 2,719 thousand tons, marking a 1.5% increase from the previous year. Looking at the period from 2017 to 2020, production surged by 2,236.7%, which translates to an impressive compound annual growth rate of 185.9%.

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

In value, 2017-2020, M $ US

The value of Northern America's salted, brined, dried, or smoked pork production has risen for the third consecutive year. In 2020, output was valued at 13,126 million US dollars, showing a solid gain of 20.9% compared to 2019. From 2017 to 2020, production value increased by 2,891.6%, with a compound annual growth rate of 210.4%.

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

Exports salted, brined, dried or smoked pork from Northern America

Exports in kind, t

In 2020, Northern America's exports of salted, brined, dried, or smoked pork reached 28,742 tons, reflecting a 12.0% drop from the previous year. The lowest volume was recorded in 2018 at 27,288 tons, while the peak occurred in 2019 with 32,656 tons. The largest year-on-year increase was in 2019, at 19.7%.

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

From 2017 to 2020, the export destinations for salted, brined, dried, or smoked pork were quite diverse. Mexico accounted for 20.1% of exports in kind, Panama for 4.1%, and China for 3.7%. Together, these three partners made up just 27.9% of total flows, with no single country emerging as clearly dominant.

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

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

Exports in value, M $ US

Northern America's export value of salted, brined, dried, or smoked pork has increased for the second year in a row. In 2020, exports totaled 138.8 million US dollars, up 4.8% from 2019. Between 2017 and 2020, exports grew by 27.5%, equating to an annualized rate of 8.4%. The lowest value was in 2018 at 99.7 million US dollars, which also saw the largest decline of 8.4%. The biggest increase occurred in 2019, at 32.9%.

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

During 2017–2020, key buyers of salted, brined, dried, or smoked pork from Northern America included Mexico (10.5% of export value), Panama (2.8%), and Trinidad and Tobago (2.3%). However, their combined share reached only 15.6% of total exports in value terms, with the remaining 84.4% spread across numerous other partners.

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

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

Imports salted, brined, dried or smoked pork to Northern America

Imports in kind, t

Foreign supplies of salted, brined, dried, or smoked pork to Northern America have increased for the second consecutive year. In 2020, imports reached 15,186 tons, up 45.8% from the previous year. Over the period from 2017 to 2020, imports decreased by 22%, with a compound annual growth rate of -8.0%. The lowest volume was in 2018 at 10,321 tons, which also experienced the largest decline of 47.0%.

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

Throughout 2017–2020, Italy (7.6% of imports in kind), Spain (0.9%), and Denmark (0.7%) were the key sources for imports. Together, they accounted for 9.2% of total import flows.

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

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

Imports in value, M $ US

In 2020, Northern America's import value of salted, brined, dried, or smoked pork amounted to 151.0 million US dollars, an increase of 11.6% from the previous year. From 2017 to 2020, imports rose by 17.1%, with a compound annual growth rate of 5.4%. The largest decline was in 2019 at 6.9%, while the biggest increase occurred in 2018 at 12.7%.

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

From 2017 to 2020, three principal markets—Italy, Spain, and Denmark—together accounted for 20.9% of the total import value of salted, brined, dried, or smoked pork to Northern America.

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

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