IndexBox has just published a new report: ‘U.S. – Canned Meat – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.
Over the past decade, American imports of canned meat increased twofold, from $447M in 2010 to $1B in 2020. In physical terms, the U.S. canned meat imports rose by +4.5% y-o-y to 152K tonnes last year. Canada, Brazil and Poland constitute the largest suppliers of canned meat to the U.S., providing 72% of the American import volume. In 2020, Denmark emerged as the fastest-growing exporter of canned meat to the U.S. Last year, the average canned meat import price amounted to $6,669 per tonne, decreasing by -2.8% compared to the figures of 2019.
American Canned Meat Imports
Over the period from 2010 to 2020, American imports increased twofold, from $447M to $1B. In 2020, imports of canned meat into the U.S. expanded slightly to 152K tonnes, with an increase of +4.5% compared with the year before. In value terms, canned meat imports grew by +1.6% y-o-y to $1B (IndexBox estimates) in 2020.
Canada (61K tonnes), Brazil (40K tonnes) and Poland (9.5K tonnes) were the main suppliers of canned meat imports to the U.S., together comprising 72% of total imports. These countries were followed by Chile, Mexico, Denmark and Uruguay, which together accounted for a further 21%.
In value terms, Canada ($392M), Brazil ($323M) and Poland ($46M) constituted the largest canned meat suppliers to the U.S., with a combined 75% share of total imports. Uruguay, Mexico, Denmark and Chile lagged somewhat behind, together comprising a further 15%.
Among the main suppliers, Denmark (+59.0% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
In 2020, the average canned meat import price amounted to $6,669 per tonne, dropping by -2.8% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($8,085 per tonne), while the price for Chile ($3,375 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform