Oct 14, 2019

U.S. Canned Fruit And Vegetable Market. Analysis And Forecast to 2025

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May 30, 2019

Canned Fruit And Vegetable Market Overview in the USA - Key Insights

IndexBox has just published a new report, the U.S. Canned Fruit And Vegetable Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the canned fruit and vegetable market in the U.S. amounted to $27B in 2018, picking up by 1.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.5% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015, with an increase of 5.3% year-to-year. In that year, the canned fruit and vegetable market attained its peak level of $27.1B. From 2016 to 2018, the growth of the canned fruit and vegetable market remained at a lower figure.

Production of Canned Fruit And Vegetables in the USA

In value terms, canned fruit and vegetable production amounted to $26.2B in 2018. The total output value increased at an average annual rate of +1.5% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2015, with an increase of 5% year-to-year. In that year, canned fruit and vegetable production reached its peak level of $26.3B. From 2016 to 2018, canned fruit and vegetable production growth remained at a somewhat lower figure.

Exports of Canned Fruit And Vegetables

Exports from the USA

In 2018, the amount of canned fruit and vegetables exported from the U.S. stood at 111K tonnes, going down by -5.5% against the previous year. In general, canned fruit and vegetable exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, with an increase of 6.7% y-o-y. Over the period under review, canned fruit and vegetable exports reached their maximum at 118K tonnes in 2017, and then declined slightly in the following year.

In value terms, canned fruit and vegetable exports amounted to $120M (IndexBox estimates) in 2018. In general, canned fruit and vegetable exports continue to indicate a mild downturn. Over the period under review, canned fruit and vegetable exports reached their maximum at $130M in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Japan (33K tonnes) was the main destination for canned fruit and vegetable exports from the U.S., with a 29% share of total exports. Moreover, canned fruit and vegetable exports to Japan exceeded the volume sent to the second major destination, South Korea (14K tonnes), twofold. Norway (5.7K tonnes) ranked third in terms of total exports with a 5.1% share.

From 2013 to 2018, the average annual rate of growth in terms of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-5.2% per year) and Norway (-2.1% per year).

In value terms, Japan ($35M) remains the key foreign market for canned fruit and vegetable exports from the U.S., comprising 29% of total canned fruit and vegetable exports. The second position in the ranking was occupied by South Korea ($14M), with a 12% share of total exports. It was followed by Panama, with a 5.5% share.

From 2013 to 2018, the average annual growth rate of value to Japan totaled -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-6.0% per year) and Panama (+9.2% per year).

Export Prices by Country

The average canned fruit and vegetable export price stood at $1.1 per kg in 2018, jumping by 2% against the previous year. Overall, the canned fruit and vegetable export price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2018, when the average export price increased by 2% against the previous year. Export price peaked at $1.2 per kg in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Export prices varied noticeably by the country of origin; the country with the highest export price was Malaysia ($1.4 per kg), while the average price for exports to the Dominican Republic ($898 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Australia (+1.9% per year), while the export prices for the other major destinations experienced mixed trend patterns.

Imports of Canned Fruit And Vegetables

Imports into the USA

In 2018, the amount of canned fruit and vegetables imported into the U.S. totaled 779K tonnes, rising by 3% against the previous year. The total import volume increased at an average annual rate of +3.6% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015, when the imports increased by 13% against the previous year. Imports peaked in 2018, and are likely to continue its growth in the immediate term.

In value terms, canned fruit and vegetable imports stood at $1B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +3.4% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Imports peaked in 2018, and are expected to retain its growth in the near future.

Imports by Country

Spain (162K tonnes), Greece (86K tonnes) and India (70K tonnes) were the main suppliers of canned fruit and vegetable imports to the U.S., with a combined 41% share of total imports. These countries were followed by China, Peru, the Netherlands, Italy, Turkey, Morocco, Egypt, Thailand and France, which together accounted for a further 44%.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Egypt (+17.7% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest canned fruit and vegetable suppliers to the U.S. were Spain ($221M), Greece ($171M) and Peru ($84M), together comprising 47% of total imports. Italy, the Netherlands, China, India, Turkey, Morocco, France, Thailand and Egypt lagged somewhat behind, together accounting for a further 39%.

Egypt (+17.4% per year) recorded the highest growth rate of imports, among the main suppliers over the last five year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average canned fruit and vegetable import price amounted to $1.3 per kg, approximately reflecting the previous year. Overall, the canned fruit and vegetable import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by 3.8% against the previous year. In that year, the average import prices for canned fruit and vegetables reached their peak level of $1.4 per kg. From 2015 to 2018, the growth in terms of the average import prices for canned fruit and vegetables failed to regain its momentum.

Import prices varied noticeably by the country of origin; the country with the highest import price was Greece ($2 per kg), while the price for India ($728 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Greece (+1.3% per year), while the import prices for the other major suppliers experienced mixed trend patterns.

Companies Mentioned in the Report

The Schwan Food Company, Heinz Kraft Foods Company, Ocean Spray Cranberries, Seneca Foods Corporation, Ruiz Food Products, Welch Foods Inc., Pinnacle Foods Group, Pinnacle Foods Finance, Red Gold, Amy's Kitchen, The Stouffer Corporation, Lakeside Foods, Tree Top, Pinnacle Foods, Tropicana Products, Pacific Coast Producers, Knouse Foods Cooperative, Nestle Prepared Foods, Landec Corporation, Hanover Foods Corporation, Cliffstar, Bellisio Foods, Del Monte Foods, National Grape Co-Operative Association, H J M P Corp, TSC Holdings, Peak Finance Holdings, Spf Holdings II.

Source: IndexBox AI Platform

Product coverage:
• NAICS 311421 - Fruit and vegetable canning

This report provides an in-depth analysis of the market for canned fruit and vegetable 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.


Companies mentioned:
• The Schwan Food Company
• Heinz Kraft Foods Company
• Ocean Spray Cranberries
• Seneca Foods Corporation
• Ruiz Food Products
• Welch Foods Inc.
• Pinnacle Foods Group
• Pinnacle Foods Finance
• Red Gold, Amy's Kitchen
• The Stouffer Corporation
• Lakeside Foods
• Tree Top
• Pinnacle Foods
• Tropicana Products
• Pacific Coast Producers
• Knouse Foods Cooperative
• Nestle Prepared Foods
• Landec Corporation
• Hanover Foods Corporation
• Cliffstar
• Bellisio Foods
• Del Monte Foods
• National Grape Co-Operative Association
• H J M P Corp
• TSC Holdings
• Peak Finance Holdings
• Spf Holdings II

Country coverage:
• USA

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2013–2018
Table 3:
Market Value, 2013–2018
Table 4:
Per Capita Consumption In 2013-2018
Table 5:
Imports, In Physical Terms, By Country, 2013–2018
Table 6:
Imports, In Value Terms, By Country, 2013–2018
Table 7:
Import Prices, By Country Of Origin, 2013–2018
Table 8:
Exports, In Physical Terms, By Country, 2013–2018
Table 9:
Exports, In Value Terms, By Country, 2013–2018
Table 10:
Export Prices, By Country Of Destination, 2013–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2018
Figure 2:
Market Value, 2013–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013-2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013-2018
Figure 5:
Trade Balance, In Physical Terms, 2013-2018
Figure 6:
Trade Balance, In Value Terms, 2013-2018
Figure 7:
Per Capita Consumption, 2013-2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2018
Figure 21:
Production, In Value Terms, 2013–2018
Figure 22:
Imports, In Physical Terms, 2013–2018
Figure 23:
Imports, In Value Terms, 2013–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2013–2018
Figure 26:
Imports, In Value Terms, By Country, 2013–2018
Figure 27:
Import Prices, By Country Of Origin, 2013–2018
Figure 28:
Exports, In Physical Terms, 2013–2018
Figure 29:
Exports, In Value Terms, 2013–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2013–2018
Figure 32:
Exports, In Value Terms, By Country, 2013–2018
Figure 33:
Export Prices, By Country Of Destination, 2013–2018
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