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U.S. - Mushrooms And Truffles - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Sep 7, 2020

Mushroom And Truffle Imports in the U.S. Overcame $300M, Comprising 15% of the Market

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

In 2019, the U.S. mushroom and truffle market increased by 3.6% to $2.2B (IndexBox estimates) for the first time since 2016, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.3% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the market value increased by 13% against the previous year. As a result, consumption reached a peak level of $2.4B. From 2017 to 2019, the growth of the market remained at a lower figure.

Production in the U.S.

In 2019, the production of mushrooms and truffles was finally on the rise to reach 422K tonnes after two years of decline. Mushroom and truffle output in the U.S. indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures. 

In value terms, mushroom and truffle production amounted to $1.9B in 2019. The total output value increased at an average annual rate of +1.1% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. 

Imports into the U.S.

For the seventh year in a row, the U.S. recorded growth in purchases abroad of mushrooms and truffles, which increased by 12% to 76K tonnes in 2019. In general, total imports indicated a buoyant increase from 2013 to 2019: its volume increased at an average annual rate of +9.3% over the last six years. Based on 2019 figures, imports increased by +70.8% against 2013 indices.  Over the period under review, imports attained the maximum in 2019 and are likely to see gradual growth in the near future. In value terms, mushroom and truffle imports totaled $319M (IndexBox estimates) in 2019. 

The share of imports in terms of the total consumption increased robustly from 2015-2019 both in physical and value terms. Thus, it increased from 10% in 2015 (in physical terms) to 16% in 2019. This indicated the rising attractiveness of the American mushroom market for suppliers from abroad.

Imports by Country

In 2019, Canada (52K tonnes) constituted the largest mushroom and truffle supplier to the U.S., accounting for a 68% share of total imports. Moreover, mushroom and truffle imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (12K tonnes), fourfold. South Korea (7.2K tonnes) ranked third in terms of total imports with a 9.4% share.

From 2013 to 2019, the average annual rate of growth in terms of volume from Canada stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+27.4% per year) and South Korea (+14.6% per year).

In value terms, Canada ($230M) constituted the largest supplier of mushroom and truffle to the U.S., comprising 72% of total imports. The second position in the ranking was occupied by Mexico ($39M), with a 12% share of total imports. It was followed by South Korea, with a 5.2% share.

Import Prices by Country

The average mushroom and truffle import price stood at $4,166 per tonne in 2019, increasing by 2.7% against the previous year. Over the period from 2013 to 2019, it increased at an average annual rate of +3.7%. 

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Canada ($4,427 per tonne), while the price for mushrooms from China ($1,785 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 449 - Mushrooms

This report provides an in-depth analysis of the mushroom and truffle market 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.


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 2030
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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007-2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2019
Figure 5:
Trade Balance, In Physical Terms, 2007-2019
Figure 6:
Trade Balance, In Value Terms, 2007-2019
Figure 7:
Per Capita Consumption, 2007-2019
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:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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