U.S.: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in the U.S.

The U.S. preserved cows meat market totaled $X in 2022, surging by X% against the previous year. In general, consumption saw a remarkable increase. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Preserved Cows Meat Production in the U.S.

In value terms, preserved cows meat production rose modestly to $X in 2022. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. Preserved cows meat production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Preserved Cows Meat Exports

Exports from the U.S.

In 2022, the amount of prepared or preserved meat or offal of bovine animals exported from the United States expanded to X tons, surging by X% on the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, preserved cows meat exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for preserved cows meat exports from the United States, accounting for a X% share of total exports. Moreover, preserved cows meat exports to Canada exceeded the volume sent to the second major destination, China (X tons), sixfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Hong Kong SAR (X% per year).

In value terms, Canada ($X) remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from the United States, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average preserved cows meat export price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into the U.S.

In 2022, preserved cows meat imports into the United States expanded sharply to X tons, surging by X% compared with the year before. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, preserved cows meat imports stood at $X in 2022. In general, imports showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of preserved cows meat to the United States, with a X% share of total imports. Moreover, preserved cows meat imports from Brazil exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), fivefold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Canada (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to the United States, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Uruguay (X% per year).

Import Prices by Country

In 2022, the average preserved cows meat import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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