HS Code:
The 'Other, including butts, bends and bellies' category under the Harmonized System (HS) Code typically pertains to specific cuts of meat, often pork or beef, that do not fall under primary cuts. These include secondary cuts like butts (shoulder portions), bends (parts of the ham), and bellies (used for bacon or other processed meats). This category is significant in global meat trade due to its use in processed food industries and regional culinary preferences. The trade of these products is influenced by factors such as livestock production, feed costs, and consumer demand for affordable meat cuts.
Total Trade Volume
Approximately $5.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) reports
$1.3 billion USD
25% of total trade of total trade
Increasing
$900 million USD
17% of total trade of total trade
Stable
$750 million USD
14% of total trade of total trade
Increasing
$600 million USD
12% of total trade of total trade
Stable
$450 million USD
9% of total trade of total trade
Increasing
Average Rate
15%
Highest Rate
35% (imposed by certain developing nations to protect local meat industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for processed meats in Asia
Increased export opportunities for major producers like the US and Denmark, especially for pork bellies used in bacon and other products
2021-2022
Shift towards sustainable and ethical farming
Higher production costs but increased market access in regions with strict animal welfare standards like the EU
2020-2022
Fluctuations in feed prices
Direct impact on the cost of livestock production, affecting export prices and competitiveness
2022
Phase One trade deal reduced tariffs on US pork exports, including butts and bellies, to China, boosting trade volume.
January 2020 (ongoing impact through 2022)
Significant increase in US exports to China, balancing out reduced demand in other markets.
New EU regulations on livestock farming practices have imposed stricter standards, affecting exporters to the region.
October 2022
Increased compliance costs for exporters but potential for premium pricing in the EU market.
Continued outbreaks of ASF in key pork-producing regions have disrupted supply chains, benefiting alternative exporters.
Throughout 2021-2022
Shift in global supply dynamics, with countries like Canada and Spain gaining market share in Asia.