U.S. Sausage Market Surges Despite Export Drop
The U.S. sausage and meat by-product market experienced a significant boost in 2024, with sales value surging by X% to reach $X. This growth comes despite a decline in overseas shipments to the stock market today, which decreased by X% to X tons, marking the fourth consecutive year of decrease after two years of growth.
Production in the sector peaked at $X in 2022 but stood at a somewhat lower figure in 2024. Despite this, the market consumption showed a strong increase over the review period. Exports, which peaked at X tons in 2020, also stood at a lower figure in 2024. However, the U.S. recorded growth in overseas purchases, increasing by X% to X tons in 2024, indicating a robust world market.
The most prominent rate of growth in production was recorded in 2021, with an increase of X%. Production in the U.S. fell modestly to $X in 2024, maintaining a relatively flat trend overall. The pace of growth in exports was the most pronounced in 2017, with an increase of X%.
The stock market attained the maximum level in 2024 and is likely to see steady growth in the near future. Despite the decline in exports, the strong domestic consumption and growth in overseas purchases indicate a robust market. Meanwhile, the U.S. maintained a trade deficit with Germany in meat products, with German exports worth 2.54 billion euros to the USA, but imports from the USA amounting to 3.14 billion euros.
