Northern America: Preserved Beef Market 2024

Preserved Beef Market Size in Northern America

In 2023, the North American preserved beef market increased by less than X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Preserved Beef Production in Northern America

In value terms, preserved beef production contracted modestly to $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Preserved Beef Exports

Exports in Northern America

In 2023, the amount of beef and veal (salted, in brine, dried or smoked) exported in Northern America declined notably to X tons, which is down by X% compared with the previous year. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, preserved beef exports dropped to $X in 2023. In general, exports recorded a noticeable setback. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Canada (X tons) represented the major exporter of beef and veal (salted, in brine, dried or smoked), comprising X% of total exports. It was distantly followed by the United States (X tons), constituting a X% share of total exports.

Canada was also the fastest-growing in terms of the beef and veal (salted, in brine, dried or smoked) exports, with a CAGR of X% from 2012 to 2023. The United States (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Canada increased by X percentage points.

In value terms, Canada ($X) and the United States ($X) were the countries with the highest levels of exports in 2023.

Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Preserved Beef Imports

Imports in Northern America

In 2023, preserved beef imports in Northern America soared to X tons, increasing by X% on the previous year. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, preserved beef imports soared to $X in 2023. Overall, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the United States (X tons) represented the key importer of beef and veal (salted, in brine, dried or smoked), comprising X% of total imports. It was distantly followed by Canada (X tons), achieving a X% share of total imports. Greenland (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of X% from 2012 to 2023. At the same time, Greenland (X%) and Canada (X%) displayed positive paces of growth. Moreover, Greenland emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2023. While the share of Canada (X p.p.) and Greenland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, preserved beef imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Canada (X% per year) and Greenland (X% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, growing by X% against the previous year. Import price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, preserved beef import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Greenland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform