U.S. Flour and Other Grain Mill Product Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Flour Market - U.S. Flour Market Will Continue to Be Driven by Expansion of Downstream Industries
Photo: © Y_Gayvoronskaya / Bigstockphoto
From 2008 to 2015, the U.S. flour market showed mixed dynamics. A significant increase in 2011 was followed by a gradual decline over the next five years. According to our estimates, the U.S. flour market dropped to X million USD in 2015.
U.S. growth in flour consumption is expected to slow to +X% (currently +X%, based on USD) in the medium term. The market will continue to be mainly driven by the expansion of downstream industries, while per capita consumption of households should remain relatively stable.
Downstream industries, including bread, cookie, cracker, tortilla, and pasta production, have experienced a rebound from their recessionary slumps, boosting demand for flour over the past years. From 2008 to 2015, all these industries posted solid growth in production. The growth rate of tortilla manufacturing was especially fast (+X% per year). It was followed by dry pasta, dough, and flour mixes manufacturing (+X% per year), commercial bakery (+X% per year), frozen cakes, pies, and other pastries manufacturing (+X% per year), and cookie and cracker manufacturing (+X%).
In 2011, U.S. flour manufacturers outperformed the pre-recession production level after a slight decline in 2008-2010. Over the next few years, domestic producers suffered from a downward trend. In 2015, the value of shipments in the industry was estimated at X million USD.
Due to low trade intensity, imports and exports should not be regarded as strong factors influencing U.S. market dynamics in the medium term.
Canada and China were the main suppliers of flour into the U.S., with a combined X% share of total U.S. imports in 2015. The fastest growing supplier from 2007 to 2015 was China (+X% per year). China significantly strengthened its position in the U.S. import structure, from X% in 2007 to X% in 2015. By contrast, Canada saw its share reduced to X%.
In 2015, the main markets for U.S. flour exports were China (X%), Canada (X%), and Mexico (X%). The share exported to China increased (+X percentage points), while the share sent to Mexico illustrated negative dynamics (-X percentage points). The shares of the other countries remained relatively stable throughout the analyzed period.
Net U.S. exports of flour showed a negative trend before 2012. Over the next two years, the trade surplus posted solid gains. However, in 2015 the active trade balance dropped to X million USD, approximately X% of gross exports.
Do you want to know more about the U.S. flour market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- flour market share
- flour prices
- flour industry
- flour sales
- flour market forecast
- flour price forecast
- key flour producers
Source: IndexBox Platform
This report provides an in-depth analysis of the market for flour and other grain mill product 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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