U.S. - Potato - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPotato Price in the United States - 2023
Contents:
- Potato Price in the United States (FOB) - 2023
- Potato Price in the United States (CIF) - 2022
- Potato Exports in the United States
- Potato Imports in the United States
Potato Price in the United States (FOB) - 2023
In August 2023, the average potato export price amounted to $626 per ton, growing by 24% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $652 per ton in September 2022; however, from October 2022 to August 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In August 2023, the highest price was recorded for prices to Honduras ($776 per ton) and Mexico ($716 per ton), while the average price for exports to Canada ($522 per ton) and Taiwan (Chinese) ($569 per ton) were amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Potato Price in the United States (CIF) - 2022
The average potato import price stood at $585 per ton in 2022, with an increase of 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2018 when the average import price increased by 8.2% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +3.4% per year.
Potato Exports in the United States
In 2022, approx. 551K tons of potatoes were exported from the United States; with a decrease of -7.7% on the previous year. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, the exports attained the peak of 597K tons, and then dropped in the following year.
In value terms, potato exports rose rapidly to $304M in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Potato in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 115 | 94.0 | 111 | 94.4 | -6.4% |
| Mexico | 50.3 | 57.2 | 60.3 | 87.3 | 20.2% |
| Japan | 15.0 | 12.8 | 25.2 | 21.0 | 11.9% |
| Taiwan (Chinese) | 17.4 | 21.1 | 17.4 | 18.5 | 2.1% |
| South Korea | 7.7 | 10.8 | 9.6 | 15.7 | 26.8% |
| Philippines | 9.8 | 7.2 | 6.8 | 12.3 | 7.9% |
| Honduras | 4.4 | 6.6 | 7.7 | 10.6 | 34.1% |
| Dominican Republic | 4.9 | 4.0 | 9.8 | 10.4 | 28.5% |
| Malaysia | 7.3 | 5.6 | 5.1 | 5.2 | -10.7% |
| Others | 24.3 | 25.7 | 23.2 | 28.7 | 5.7% |
| Total | 255 | 245 | 276 | 304 | 6.0% |
Top Export Markets for Potato from the United States in 2022:
- Canada (220.1K tons)
- Mexico (136.9K tons)
- Japan (45.1K tons)
- Taiwan (Chinese) (32.7K tons)
- South Korea (20.9K tons)
- Philippines (19.3K tons)
- Honduras (15.1K tons)
- Dominican Republic (15.1K tons)
- Malaysia (8.1K tons)
Potato Imports in the United States
In 2022, approx. 475K tons of potatoes were imported into the United States; growing by 1.6% against the year before. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 22%. As a result, imports reached the peak of 501K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, potato imports reached $278M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Potato in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 220 | 271 | 268 | 278 | 8.1% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 220 | 272 | 268 | 278 | 8.1% |
Top Suppliers of Potato to the United States in 2022:
- Canada (475.0K tons)
This report provides an in-depth analysis of the potato market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 116 - Potatoes
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The average import potato price per ton stood at $524 in Apr 2022, falling by -11.2% against the previous month.
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The revenue of the potato market in the U.S. amounted to $8.9B in 2017, growing by 5.5% against the previous year. This fi...
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In October 2022, Vegetable imports experienced their most rapid growth pace, with a 39% increase compared to the previous month. In terms of value, vegetable imports slightly expanded to $243M in August 2023.
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In August 2022, the vegetable price per ton amounted to $1.1K, approximately equating the previous month.
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In June 2022, the vegetable price per ton stood at $1,344 per ton in June 2022, rising by 17% against the previous month.
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In 2021, after three years of growth, there was decline in the U.S. vegetable market, when its value decreased by...
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The volume of imports in the U.S. fresh vegetable market is forecast to increase from 8.9M tons in 2021 to 9.3M tons in 2022. In monetary terms, imports should decrease from $10.5B to $10.3B with an expected price decline. Throughout January-October 2021, American purchases totalled 6.9M tons, which was 5.5% more than in the same period last year. Mexico, Canada and Peru remain the key suppliers for the U.S., accounting for 95% of its total import volume.
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Fresh vegetable consumer prices in the U.S. increased somewhat noticeably in Q1 2021 but then decelerated in Q2, relaxing slightly against the ongoing food price rally. Owing to the spate of lockdowns and the restructuring of the supply chain, production growth has failed to keep pace with the robust demand spurred by the counter-pandemic financial support measures. Rising production costs and increasing demand for biofuel-oriented oil crops also contribute to tangible food inflation.
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Explore the top import markets for potato and key statistics in the global market. Discover the countries with the highest import values and their significance in the potato trade.
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Global potato exports dropped from $5.1B in 2019 to $4.3B in 2020. France, the Netherlands and Germany constitute major potato exporters worldwide. In 2020, the average potato export price amounted to $327 per ton, decreasing by -6.3% y-o-y. Belgium, a country with one of the highest per capita potato consumption figures, remains the world’s largest importer. Over the last year, most importing countries have reduced their potato purchases. By contrast, Belgium, Spain, the U.S., Uzbekistan, Ukraine, the Czech Republic and the UK boosted their imports.
