U.S. Market for Sweetened Dried Fruits and Nuts - Imports from Thailand Bounced Back to Reach $14.2M in 2018

IndexBox has just published a new report: 'U.S. - Fruits, Nuts And Peel (Sugar Preserved) - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

Exports from the U.S.

In 2018, the amount of fruits, nuts and peel (sugar preserved) exported from the U.S. stood at X tons, shrinking by -X% against the previous year. Overall, exports of fruits, nuts and peel (sugar preserved) continue to indicate a slight reduction. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Exports peaked at X tons in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, exports of fruits, nuts and peel (sugar preserved) totaled $X (IndexBox estimates) in 2018. Over the period under review, exports of fruits, nuts and peel (sugar preserved) continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. In that year, exports of fruits, nuts and peel (sugar preserved) reached their peak of $X. From 2010 to 2018, the growth of exports of fruits, nuts and peel (sugar preserved) failed to regain its momentum.

Exports by Country

Canada (X tons) was the main destination for exports of fruits, nuts and peel (sugar preserved) from the U.S., with a X% share of total exports. Moreover, exports of fruits, nuts and peel (sugar preserved) to Canada exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold. The third position in this ranking was occupied by China (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and China (+X% per year).

In value terms, Canada ($X), China ($X) and Turkey ($X) constituted the largest markets for sweetened dried fruit and nut exported from the U.S. worldwide, together accounting for X% of total exports.

Turkey recorded the highest growth rate of exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for fruits, nuts and peel (sugar preserved) stood at $X per ton in 2018, coming down by -X% against the previous year. Over the period under review, the export price for fruits, nuts and peel (sugar preserved), however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. In that year, the average export prices for fruits, nuts and peel (sugar preserved) attained their peak level of $X per ton. From 2010 to 2018, the growth in terms of the average export prices for fruits, nuts and peel (sugar preserved) failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Turkey ($X per ton), while the average price for exports to Australia ($X 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 Taiwan, Chinese, while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the imports of fruits, nuts and peel (sugar preserved) into the U.S. totaled X tons, picking up by X% against the previous year. In general, imports of fruits, nuts and peel (sugar preserved), however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Imports peaked at X tons in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

In value terms, imports of fruits, nuts and peel (sugar preserved) stood at $X (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports of fruits, nuts and peel (sugar preserved) reached their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, Thailand (X tons) constituted the largest supplier of sweetened dried fruit and nut to the U.S., with a X% share of total imports. Moreover, imports of fruits, nuts and peel (sugar preserved) from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was occupied by Fiji (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Thailand totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Fiji (+X% per year).

In value terms, Thailand ($X) constituted the largest supplier of sweetened dried fruit and nut to the U.S., comprising X% of total imports of fruits, nuts and peel (sugar preserved). The second position in the ranking was occupied by Fiji ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Fiji (+X% per year) and China (+X% per year).

Import Prices by Country

In 2018, the average import price for fruits, nuts and peel (sugar preserved) amounted to $X per ton, falling by -X% against the previous year. Overall, the import price indicated a noticeable increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, import price for fruits, nuts and peel (sugar preserved) increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. Over the period under review, the average import prices for fruits, nuts and peel (sugar preserved) reached their peak figure at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Fiji ($X per ton), while the price for India ($X 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.

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Source: IndexBox Market Intelligence Platform