Long-Term Growth of Mango and Mangosteen Market in the U.S. Is Losing Momentum

IndexBox has just published a new report: 'U.S. - Mangoes, Mangosteens And Guavas - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the mango and mangosteen market in the U.S. amounted to $558M in 2018. 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). Over the period under review, mango and mangosteen consumption continues to indicate a strong increase. Over the period under review, the mango and mangosteen market attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Market Forecast 2019-2025 in the U.S.

Driven by increasing demand for mango and mangosteen in the U.S., largely supported by rising Hispanic population, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.9% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 579K tons by the end of 2025.

Production in the U.S.

Mango and mangosteen production in the U.S. amounted to 930 tons in 2018, declining by -7.5% against the previous year. Overall, mango and mangosteen production continues to indicate an abrupt contraction, as mangoes are not cultivated largely across the U.S., and mango imports are widely available.

Harvested Area And Yield in the U.S.

In 2018, the total area harvested in terms of mangoes, mangosteens and guavas production in the U.S. stood at 53 ha, falling by -18.5% against the previous year. Average yield of mangoes, mangosteens and guavas in the U.S. amounted to 18 ton per ha in 2018, jumping by 13% against the previous year.

Exports from the U.S.

In 2018, the mango and mangosteen exports from the U.S. stood at 27K tons, declining by -4.7% against the previous year. Overall, mango and mangosteen exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2011 when exports increased by 35% y-o-y. Exports peaked at 31K tons in 2015; however, from 2016 to 2018, exports failed to regain their momentum. In value terms, mango and mangosteen exports totaled $40M (IndexBox estimates) in 2018.

Exports by Country

Canada (15K tons) was the main destination for mango and mangosteen exports from the U.S., accounting for a 55% share of total exports. Moreover, mango and mangosteen exports to Canada exceeded the volume sent to the second major destination, the UK (2.4K tons), sixfold. The third position in this ranking was occupied by Germany (2.4K tons), with a 8.8% share.

From 2007 to 2018, the average annual growth rate of volume to Canada amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.4% per year) and Germany (+11.3% per year).

In value terms, Canada ($21M) remains the key foreign market for mango and mangosteen exports from the U.S., comprising 53% of total mango and mangosteen exports. The second position in the ranking was occupied by Germany ($5.3M), with a 13% share of total exports. It was followed by Mexico, with a 7.6% share.

Export Prices by Country

The average mango and mangosteen export price stood at $1,502 per ton in 2018, increasing by 2.5% against the previous year. Over the last eleven years, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2017 an increase of 14% year-to-year. The export price peaked in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Germany ($2,259 per ton), while the average price for exports to the UK ($1,140 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the mango and mangosteen imports into the U.S. stood at 500K tons, stabilizing at the previous year. Over the period under review, the total imports indicated a prominent increase from 2007 to 2018: its volume increased at an average annual rate of +4.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked in 2018 and are expected to retain its growth in the near future. In value terms, mango and mangosteen imports amounted to $637M (IndexBox estimates) in 2018.

Imports by Country

In 2018, Mexico (311K tons) constituted the largest mango and mangosteen supplier to the U.S., with a 62% share of total imports. Moreover, mango and mangosteen imports from Mexico exceeded the figures recorded by the second-largest supplier, Peru (50K tons), sixfold. Ecuador (49K tons) ranked third in terms of total imports with a 9.7% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Mexico stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+5.6% per year) and Ecuador (+4.7% per year).

In value terms, Mexico ($380M) constituted the largest supplier of mango and mangosteen to the U.S., comprising 60% of total mango and mangosteen imports. The second position in the ranking was occupied by Peru ($61M), with a 9.5% share of total imports. It was followed by the Philippines, with a 7% share.

Import Prices by Country

The average mango and mangosteen import price stood at $1,273 per ton in 2018, going up by 17% against the previous year. In general, the mango and mangosteen import price continues to indicate perceptible growth.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Thailand ($2,892 per ton), while the price for Ecuador ($862 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform