U.S. - Bread and Bakery Product - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJuly 2023 Sees An Astonishing $877M Surge in U.S. Bread and Bakery Imports
U.S. Bread and Bakery Imports
In July 2023, approximately 208K tons of bread and bakery were imported into the United States; increasing by 7.7% against the previous month. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 with an increase of 18% month-to-month.
In value terms, bread and bakery imports expanded rapidly to $877M (IndexBox estimates) in July 2023. The total import value increased at an average monthly rate of +1.3% from July 2022 to July 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in August 2022 when imports increased by 19% m-o-m. 
| COUNTRY | Import Value of Bread and Bakery in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
| Canada | 338 | 404 | 402 | 499 | 455 | 372 | 394 | 356 | 399 | 370 | 396 | 370 | 386 |
| Mexico | 196 | 220 | 228 | 183 | 189 | 157 | 184 | 188 | 230 | 180 | 201 | 167 | 206 |
| Italy | 31.2 | 42.9 | 45.9 | 58.4 | 40.5 | 36.4 | 28.7 | 21.7 | 30.3 | 30.5 | 28.4 | 32.8 | 42.2 |
| France | 19.7 | 29.0 | 28.6 | 27.0 | 27.9 | 20.2 | 22.5 | 20.1 | 22.7 | 22.3 | 23.4 | 18.3 | 23.5 |
| India | 12.1 | 12.1 | 15.6 | 15.2 | 12.9 | 11.1 | 14.8 | 12.2 | 12.1 | 11.7 | 14.9 | 14.1 | 13.6 |
| Others | 155 | 186 | 217 | 217 | 171 | 147 | 139 | 115 | 146 | 133 | 152 | 164 | 205 |
| Total | 751 | 894 | 936 | 999 | 896 | 743 | 783 | 713 | 840 | 748 | 816 | 767 | 877 |
Imports by Country
Mexico (77K tons), Canada (76K tons) and Italy (6.2K tons) were the main suppliers of bread and bakery imports to the United States, together accounting for 77% of total imports. These countries were followed by India and France, which together accounted for a further 4.2%.
From July 2022 to July 2023, the biggest increases were in India (with a CAGR of +1.4%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest bread and bakery suppliers to the United States were Canada ($386M), Mexico ($206M) and Italy ($42M), with a combined 72% share of total imports.
Italy, with a CAGR of +2.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
Fresh bread and miscellaneous bakery (129K tons), gingerbread, sweet biscuits and waffles (76K tons) and crispbread, rusks and toasted bread (3.4K tons) were the main products of bread and bakery imports to the United States.
From July 2022 to July 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by crispbread, rusk and toasted bread (with a CAGR of +0.6%), while imports for the other products experienced more modest paces of growth.
In value terms, fresh bread and miscellaneous bakery ($576M) constituted the largest type of bread and bakery supplied to the United States, comprising 66% of total imports. The second position in the ranking was taken by gingerbread, sweet biscuits and waffles ($282M), with a 32% share of total imports.
Import Prices by Country
In July 2023, the bread and bakery price stood at $4,218 per ton (CIF, US), rising by 6.1% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $4,304 per ton in October 2022; however, from November 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($6,807 per ton), while the price for China ($2,326 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the bread and bakery 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:
- Prodcom 10721130 - Crispbread
- Prodcom 10721230 - Gingerbread and the like
- Prodcom 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
- Prodcom 10721259 - Waffles and wafers (including salted) (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
- Prodcom 10721150 - Rusks, toasted bread and similar toasted products
- Prodcom 10711100 - Fresh bread containing by weight in the dry matter state . 5 % of sugars and . 5 % of fat (excluding with added honey, e ggs, cheese or fruit)
- Prodcom 10711200 - Cake and pastry products, other bakers
- Prodcom 10721910 - Matzos
- Prodcom 10721920 - Communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products
- Prodcom 10721940 - Biscuits (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa, sweet biscuits, waffles and wafers)
- Prodcom 10721950 - Savoury or salted extruded or expanded products
- Prodcom 10721990 - Bakersu2019 wares, no added sweetening (including crepes, pancakes, quiche, pizza; excluding sandwiches, crispbread, waffles, wafers, rusks, toasted, savoury or salted extruded/expanded products)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
