IndexBox has just published a new report: ” US – Vegetables – Market Analysis, Forecast, Size, Trends and Information. ‘ Here is a summary of the main findings of the report.
The volume of imports into the US fresh vegetable market is expected to increase from 8.9 million tonnes in 2021 to 9.3 million tonnes in 2022. In monetary terms, imports are expected to increase from $ 10.5 billion to $ 10.5 billion. $ 3 billion with lower prices expected. From January to October 2021, US purchases totaled 6.9 million tonnes, 5.5% more than the same period last year. Mexico, Canada and Peru remain the main suppliers to the United States, accounting for 95% of the total volume of their imports.
Vegetable imports from the United States
From January to October 2021, the United States imported 6.9 million tonnes of fresh vegetables, an increase of 5.5% from the same period last year. According to a recent USDA forecast, US purchases are expected to continue growing from around 8.91 million tonnes by the end of this year to 9.3 million tonnes in 2022. Average import prices are expected to decline and the total value of supplies is expected to decline. in the United States will fall 2% year-on-year. to $ 10.3 billion next year.
Last year, the amount of vegetables imported into the United States totaled 8.1 million tonnes, up 2.7% from the previous year. In terms of value, vegetable imports reached $ 10.4 billion (IndexBox estimates).
In 2020, Mexico (6.1 million tonnes) was the largest supplier of vegetables to the United States, with a 75% share of total imports. In addition, vegetable imports from Mexico quadrupled the figures recorded by the second largest supplier, Canada (1.4 million tonnes).
During the past year, the volume growth rate from Mexico amounted to + 2.5%. The other supplier countries recorded the following average annual growth rates for imports: Canada (+ 7.0% per year) and Peru (-4.7% per year).
In terms of value, Mexico ($ 7.3 billion) was the largest supplier of vegetables to the United States, accounting for 70% of total imports. The second place in the ranking was occupied by Canada ($ 1.9 billion), with an 18% share of total imports.
The average price of vegetable imports was $ 1,294 per tonne in 2020, up 8.6% from the previous year. Average prices varied somewhat between the main supplying countries. The country with the highest price was Peru ($ 1,759 per tonne), while the price for Mexico ($ 1,206 per tonne) was among the lowest. The most notable price growth rate was achieved by Mexico, while the prices of other major suppliers experienced more modest growth rates.
Source: IndexBox platform