U.S. - Vegetable Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Product Price in the United States - 2023
Contents:
- Vegetable Product Price in the United States (CIF) - 2022
- Vegetable Product Price in the United States (FOB) - 2022
- Vegetable Product Imports in the United States
- Vegetable Product Exports in the United States
Vegetable Product Price in the United States (CIF) - 2022
The average vegetable product import price stood at $3,128 per ton in 2022, increasing by 10% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable product import price increased by +36.4% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 79% against the previous year. Over the period under review, average import prices attained the peak figure at $4,590 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bolivia ($4,259 per ton), while the price for Spain ($896 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Product Price in the United States (FOB) - 2022
In 2022, the average vegetable product export price amounted to $1,389 per ton, falling by -30.9% against the previous year. Over the period under review, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of 36% against the previous year. As a result, the export price reached the peak level of $2,275 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,542 per ton), while the average price for exports to Vietnam ($433 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Product Imports in the United States
Vegetable product imports into the United States stood at 39K tons in 2022, growing by 10% on 2021. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, vegetable product imports surged to $124M in 2022. The total import value increased at an average annual rate of +13.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Product in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.9 | 65.1 | 72.0 | 92.6 | 23.7% |
| Peru | 10.4 | 6.6 | 8.0 | 6.3 | -15.4% |
| Bulgaria | 1.4 | 2.2 | 3.3 | 3.4 | 34.4% |
| Mexico | 3.4 | 2.1 | 2.7 | 2.9 | -5.2% |
| Vietnam | 1.1 | 1.3 | 2.1 | 2.9 | 38.1% |
| India | 2.1 | 4.4 | 3.4 | 2.4 | 4.6% |
| Spain | 1.4 | 1.3 | 1.8 | 1.4 | 0.0% |
| Belgium | 0.1 | 0.1 | 0.2 | 1.1 | 122.4% |
| Brazil | 0.7 | 5.6 | 0.3 | 0.1 | -47.7% |
| Others | 15.0 | 7.7 | 8.1 | 10.4 | -11.5% |
| Total | 84.5 | 96.3 | 102 | 124 | 13.6% |
Top Suppliers of Vegetable Product to the United States in 2022:
- China (23.2K tons)
- Vietnam (3.1K tons)
- Mexico (2.5K tons)
- Peru (2.0K tons)
- India (1.5K tons)
- Spain (1.5K tons)
- Bulgaria (1.4K tons)
- Belgium (1.0K tons)
- Brazil (0.2K tons)
Vegetable Product Exports in the United States
In 2022, shipments abroad of vegetable products increased by 55% to 4.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, vegetable product exports rose remarkably to $5.7M in 2022. In general, exports, however, saw a perceptible contraction.
| Export of Vegetable Product in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3,371 | 4,700 | 3,034 | 3,025 | -3.5% |
| Mexico | 170 | 19.9 | 361 | 633 | 55.0% |
| Australia | 50.6 | 117 | 310 | 368 | 93.7% |
| Italy | 33.6 | 101 | 399 | 309 | 109.5% |
| New Zealand | 64.3 | N/A | 39.0 | 241 | 55.3% |
| Japan | 606 | 5.9 | 4.0 | 113 | -42.9% |
| Vietnam | N/A | N/A | 18.3 | 112 | 512.0% |
| South Korea | 563 | 156 | 223 | 72.8 | -49.4% |
| Others | 1,281 | 997 | 971 | 873 | -12.0% |
| Total | 6,139 | 6,098 | 5,360 | 5,747 | -2.2% |
Top Export Markets for Vegetable Product from the United States in 2022:
- Canada (2482.8 tons)
- Mexico (414.5 tons)
- Vietnam (259.8 tons)
- New Zealand (198.1 tons)
- Australia (151.9 tons)
- Italy (145.8 tons)
- Japan (63.8 tons)
- South Korea (22.8 tons)
This report provides an in-depth analysis of the vegetable product 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 156 - Sugar cane
- FCL 161 - Sugar crops nes
- FCL 459 - Chicory roots
- FCL 460 - Vegetable products, fresh or dry nes
- FCL 461 - Carobs
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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353
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