
U.S. - Tomatoes - Market Analysis, Forecast, Size, Trends and Insights
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Mexican Suppliers Prosper with American Tomato Imports Jumped to $2.9B
IndexBox has just published a new report: 'U.S. - Tomatoes - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In 2020, American tomato imports rose by +21% y-o-y in value terms to $2.9B, despite the volume of shipments declined by -1% to 1.8M tonnes. Mexico provides 91% of the U.S. tomato imports, while the rest 9% come from Canada. Practically all the Mexican tomato exports are sent to the U.S. The average price for tomatoes imported to the U.S. increased from $1.34 per kg in 2019 to $1.59 per kg in 2020.
Tomato Imports into the U.S.
In value terms, tomato imports soared to $2.9B (IndexBox estimates) in 2020. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2020. In 2020, supplies from abroad of tomatoes decreased by -1.2% to 1.8M tonnes for the first time since 2011, thus ending an eight-year rising trend.
In value terms, Mexico ($2.5B) constituted the largest supplier of tomato to the U.S., comprising 85% of total imports. The second position in the ranking was occupied by Canada ($393M), with a 13% share of total imports. From 2012 to 2020, the average annual rate of growth in terms of value from Mexico amounted to +5.2%.
In 2020, Mexico (1.7M tonnes) was the main tomato supplier to the U.S., accounting for a 91% share of total imports. Moreover, tomato imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (151K tonnes), more than tenfold.
In 2020, the average tomato import price amounted to $1,587 per tonne, surging by 22% against the previous year. Over the last eight years, it increased at an average annual rate of +2.8%. Prices varied noticeably by the country of origin; the country with the highest price was Canada ($2,600 per tonne), while the price for Mexico totaled $1,488 per tonne.
The U.S. remain the prime export destination for tomatoes from Mexico. 99% of Mexican tomato exports go to the U.S.
Source: IndexBox Platform
This report provides an in-depth analysis of the tomato 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 2030.
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