U.S.: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in the U.S.

In 2023, the U.S. mushroom and truffle market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption continues to indicate a mild expansion. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Mushroom And Truffle Production in the U.S.

In value terms, mushroom and truffle production reached $X in 2023. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

The average yield of mushrooms and truffles in the United States amounted to less than X kg per ha in 2023, stabilizing at the previous year's figure. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the mushroom and truffle harvested area in the United States amounted to less than X ha, remaining relatively unchanged against the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from the U.S.

In 2023, the amount of mushrooms and truffles exported from the United States shrank significantly to X tons, waning by X% compared with the previous year. Over the period under review, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, mushroom and truffle exports shrank sharply to $X in 2023. In general, exports saw a pronounced descent. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for mushroom and truffle exports from the United States, accounting for a X% share of total exports. Moreover, mushroom and truffle exports to Canada exceeded the volume sent to the second major destination, Bahamas (X tons), more than tenfold. The third position in this ranking was taken by Mexico (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) remains the key foreign market for mushrooms and truffles exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with an X% share of total exports. It was followed by Bahamas, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Bahamas (X% per year).

Export Prices by Country

The average mushroom and truffle export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mushroom And Truffle Imports

Imports into the U.S.

After nine years of growth, overseas purchases of mushrooms and truffles decreased by X% to X tons in 2023. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2022, and then shrank in the following year.

In value terms, mushroom and truffle imports declined modestly to $X in 2023. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then reduced slightly in the following year.

Imports by Country

In 2023, Canada (X tons) constituted the largest supplier of mushroom and truffle to the United States, accounting for a X% share of total imports. Moreover, mushroom and truffle imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and South Korea (X% per year).

In value terms, Canada ($X) constituted the largest supplier of mushrooms and truffles to the United States, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the average mushroom and truffle import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform