Salted, in brine, dried or smoked beef market in Northern America

Earlier Report Observations

The salted, in brine, dried or smoked beef market in Northern America experienced a net volume growth from 1 181 tons in 2018 to 1 458 tons in 2023. This expansion was characterized by volatility, with a notable dip to 1 126 tons in 2019 before successive increases peaked at 1 496 tons in 2021. Following a moderate correction in 2022, consumption levels resumed their upward trajectory the following year.

Measured in value, the market demonstrated even stronger growth, climbing from $5.1 million in 2018 to $8.8 million in 2023. A pivotal surge occurred in 2021, when the market's value increased by 45% to $8.5 million, indicating a significant rise in average prices or a consumer shift towards higher-value offerings within the category. After a temporary decline in 2022, the market's value reached a new high in 2023.

Production salted, in brine, dried or smoked beef in Northern America

In kind, 2017-2020, t

Top producers of salted, in brine, dried or smoked beef, 2017-2020

World map of production of salted, in brine, dried or smoked beef, 2017-2020

Northern America's production of salted, in brine, dried or smoked beef has grown for the third year in a row. In 2020, the region produced 1 948 tons, a slight increase of 0.7% from 2019. Looking at the period from 2017 to 2020, production surged by 84.3%, translating to an average annual growth rate of 22.6%.

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

In value, 2017-2020, K $ US

The value of salted, in brine, dried or smoked beef production in Northern America has also risen for three consecutive years. In 2020, output was valued at 8 353 thousand US dollars, up by 2.8% compared to the previous year. From 2017 to 2020, production value increased by 105.9%, with an annualized growth rate of 27.2%.

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

Exports salted, in brine, dried or smoked beef from Northern America

Exports in kind, t

In 2020, Northern America exported 817 tons of salted, in brine, dried or smoked beef, down by 11.7% from 2019. Over the 2017-2020 period, exports decreased by 5.2%, averaging a 1.8% annual decline. The lowest export volume was recorded in 2018 at 812 tons, while the peak occurred in 2019 with 925 tons. The largest year-on-year increase was in 2019, at 13.9%.

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

From 2017 to 2020, Suriname, Curacao, and Antigua and Barbuda consistently led the export destinations by volume. Suriname accounted for 49.8% of exports, Curacao for 10.2%, and Antigua and Barbuda for 5.3%. Together, these three countries made up 65.3% of total export flows.

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, K $ US

Northern America's exports of salted, in brine, dried or smoked beef were valued at 3 504 thousand US dollars in 2020, a decline of 9.8% from 2019. Between 2017 and 2020, export value increased by 5.9%, with a compound annual growth rate of 1.9%. The lowest value was in 2018 at 3 245 thousand US dollars, while the highest was in 2019 at 3 886 thousand US dollars. The largest year-on-year increase was in 2019, at 19.8%.

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

In value terms, Suriname, Curacao, and Antigua and Barbuda were the primary buyers from Northern America over 2017-2020. Suriname represented 42.3% of export value, Curacao 8.1%, and Antigua and Barbuda 4.2%. Combined, these three markets accounted for 54.7% of total export value.

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, in brine, dried or smoked beef to Northern America

Imports in kind, t

Northern America's imports of salted, in brine, dried or smoked beef have increased for the second consecutive year. In 2020, imports reached 126 tons, a moderate rise of 7.5% from 2019. The lowest import volume was in 2018 at 95 tons, with the largest decline that year at 24.9%. The largest increase occurred in 2019, at 22.8%.

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

From 2017 to 2020, Italy, Jamaica, and Denmark were the top sources of imports by volume. Italy contributed 58.2% of imports, Jamaica 6.5%, and Denmark 1.3%. Together, these three countries accounted for 66.0% 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, K $ US

Imports of salted, in brine, dried or smoked beef into Northern America have grown for the third year in a row. In 2020, imports were valued at 986 thousand US dollars, a moderate increase of 6.2% from 2019. Between 2017 and 2020, import value rose by 46.8%, with an annualized growth rate of 13.7%.

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

In value terms, Italy, Denmark, and Jamaica were the leading sources of imports for Northern America from 2017 to 2020. Italy made up 58.1% of import value, Denmark 3.1%, and Jamaica 2.5%. Collectively, these three markets represented 63.7% of total import flows.

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

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