U.S. - Apple - Market Analysis, Forecast, Size, Trends and Insights
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U.S. - Apple - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jul 11, 2022

5 Reasons Why The US Apple Market Is Booming

The US apple market is booming and is expected to grow even more in the coming years. Here are 5 reasons why this is happening:

1. The overall US economy is doing well and consumers have more disposable income to spend on apples.

2. Apples are considered a healthy snack option, and with the current focus on health and wellness, more people are looking to buy them.

3. There is an increasing number of apple growers in the US, which has led to greater availability of the fruit.

4. New apple varieties are being developed that are sweeter and more flavorful than ever before.

5. Apples can be used in a variety of recipes, making them a versatile ingredient that home cooks can experiment with.

U.S. Apple Market Outlook

The U.S. apple market expanded notably to $4.7B in 2021, surging by 11% 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 +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Apple consumption peaked at $5.7B in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

U.S. Apple Market Report by IndexBox

Driven by increasing demand for apple in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.3% for the period from 2021 to 2030, which is projected to bring the market volume to 4.7M tons by the end of 2030.

Apple Production in the United States

In 2021, the amount of apples produced in the United States expanded modestly to 4.8M tons, increasing by 4.1% on the previous year. The total output volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16%. Over the period under review, production hit record highs at 5.4M tons in 2014; however, from 2015 to 2021, production failed to regain momentum. Apple output in the United States indicated slight growth, which was largely conditioned by a modest expansion of the harvested area and a noticeable increase in yield figures.

In value terms, apple production expanded markedly to $5.4B in 2021. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 33%. Over the period under review, production reached the maximum level at $6.5B in 2014; however, from 2015 to 2021, production failed to regain momentum.

Harvested Area

The apple harvested area in the United States fell to 118K ha in 2021, standing approx. at the previous year. In general, the harvested area showed a slight setback. The pace of growth was the most pronounced in 2015 when the harvested area increased by 1.8%. The apple harvested area peaked at 133K ha in 2016; however, from 2017 to 2021, the harvested area failed to regain momentum.

Yield

The average yield of apples in the United States expanded sharply to 41 tons per ha in 2021, surging by 5.5% compared with the previous year. The yield figure increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the yield increased by 17% against the previous year. Over the period under review, the average apple yield attained the maximum level at 42 tons per ha in 2019; however, from 2020 to 2021, the yield failed to regain momentum.

Apple Exports from the United States

In 2021, shipments abroad of apples decreased by -7% to 750K tons, falling for the third consecutive year after two years of growth. In general, exports saw a mild decline. The pace of growth appeared the most rapid in 2017 when exports increased by 17% against the previous year. The exports peaked at 989K tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, apple exports stood at $914M (IndexBox estimates) in 2021. Overall, exports showed a mild descent. Over the period under review, the exports attained the maximum at $1.1B in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (302K tons) was the main destination for apple exports from the United States, with a 40% share of total exports. Moreover, apple exports to Mexico exceeded the volume sent to the second major destination, Canada (146K tons), twofold. Taiwan (Chinese) (54K tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+0.4% per year) and Taiwan (Chinese) (-2.4% per year).

In value terms, Mexico ($349M) remains the key foreign market for apple exports from the United States, comprising 38% of total exports. The second position in the ranking was occupied by Canada ($173M), with a 19% share of total exports. It was followed by Taiwan (Chinese), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-2.0% per year) and Taiwan (Chinese) (-1.6% per year).

Export Prices by Country

In 2021, the average apple export price amounted to $1,218 per ton, with an increase of 15% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. The export price peaked at $1,258 per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Vietnam ($1,602 per ton) and Taiwan (Chinese) ($1,355 per ton), while the average price for exports to India ($1,093 per ton) and Mexico ($1,155 per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the apple 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.


Product coverage:
• FCL 515 - Apples
Country coverage:
• United States

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

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
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, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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