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A study prepared by the George Morris Centre confirms the major contribution to the Canadian economy from Canadian hog and pork production and exports’.
The study found that the economic development associated with hog production and exporting pork contributes $9.28 billion to the Canadian economy. In addition to describing the economic benefits of Canadian pork exports to the overall economy and to hog producers, the study indicates that Canadian pork exports in 2011 of $3.2 billion generated additional value added activity of $3.5 billion for the Canadian economy, and some $20-30/head back to Canadian hog producers.
Using the Statistics Canada, System of National Accounts, Canadian Input Output Model for the pork sector, the report found the following economic impact of pork exports:
- 45,000 jobs at the processing, farming and other supplier levels.
- $1.98 billion in wages, salaries and benefits.
- $318 million in taxes both income and product related.
- Gross Domestic Product contribution of $3.5 billion
Canada is a leader in the international pork industry, ranking third in terms of export volume and seventh in terms of production.
Pork exports amounted to over 1.2 million tonnes on a carcass weight basis in 2011. That is an increase of 3.7% over 2010. Total pork production in Canada amounted to 1.94 million tonnes carcass basis in 2011. As such, in 2011, pork exports comprised nearly 63% of total pork production versus 61% in 2010.
Canadian pork exports were valued at $3.2 billion dollars in 2011, an increase of nearly 16% over 2010. That rate of value increase was roughly three times greater than the tonnage rate increase in 2011 as noted above. Canadian pork export value in 2011 was 46% greater than the export value ten years earlier in 2002 of $2.2 billion. The ten year growth in value exceeds the 40% growth in volume over the same time period. The value of pork exports has increased by 4% on an annual basis over the past decade, from 2002 through 2011.
The destinations for Canadian pork exports can be alternatively described as both stable and dynamic. Those top six are the US, Japan, Russia, China, South Korea and Mexico.
Sunday 22 June, 2012/ Canadian Pork Council/ Canada.
http://www.cpc-ccp.com/
