Northern America: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Northern America

The North American meat meals and pellets market expanded significantly to $X in 2023, picking up by X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Northern America

In value terms, meat meals and pellets production reached $X in 2023 estimated in export price. The total production indicated a prominent 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 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports in Northern America

In 2023, the amount of flours, meals and pellets of meat or meat offal exported in Northern America expanded sharply to X tons, with an increase of X% against the previous year. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

In value terms, meat meals and pellets exports soared to $X in 2023. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

The United States represented the largest exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Canada (X tons), creating a X% share of total exports.

The United States was also the fastest-growing in terms of the flours, meals and pellets of meat or meat offal exports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. While the share of the United States (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest meat meals and pellets supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with an X% share of total exports.

In the United States, meat meals and pellets exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, rising by X% against the previous year. Export price indicated a notable expansion 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, meat meals and pellets export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

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

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports in Northern America

In 2023, purchases abroad of flours, meals and pellets of meat or meat offal increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, meat meals and pellets imports rose sharply to $X in 2023. Total imports indicated moderate growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The United States was the main importer of flours, meals and pellets of meat or meat offal in Northern America, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Canada (X tons), mixing up a X% share of total imports.

The United States was also the fastest-growing in terms of the flours, meals and pellets of meat or meat offal imports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Canada (X p.p.) displayed negative dynamics.

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

In terms of the main importing countries, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

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

Source: IndexBox Platform