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U.S. - Canned Vegetables - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Mar 1, 2023
U.S. Canned Vegetable Price Declines 5%, Averaging $2,140 per Ton
U.S. Canned Vegetable Import Price in December 2022
In December 2022, the canned vegetable price stood at $2,140 per ton (CIF, US), dropping by -5.3% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 8.2% month-to-month. As a result, import price reached the peak level of $2,373 per ton. From July 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Greece ($4,245 per ton), while the price for China ($1,070 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Canned Vegetable Imports
In December 2022, canned vegetable imports into the United States declined modestly to 71K tons, shrinking by -2.6% compared with November 2022 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when imports increased by 17% m-o-m. As a result, imports attained the peak of 76K tons. From November 2022 to December 2022, the growth of imports failed to regain momentum.
In value terms, canned vegetable imports dropped to $152M (IndexBox estimates) in December 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 with an increase of 18% m-o-m. Over the period under review, imports hit record highs at 170K tons in October 2022; however, from November 2022 to December 2022, imports remained at a lower figure.
U.S. Canned Vegetable Imports by Country
China (16K tons), Peru (9.9K tons) and Canada (6.7K tons) were the main suppliers of canned vegetable imports to the United States, with a combined 46% share of total imports. These countries were followed by Spain, Mexico, Italy, Greece, Thailand, Ecuador, France, Egypt, India and Guatemala, which together accounted for a further 43%.
From January 2022 to December 2022, the biggest increases were in France (with a CAGR of +17.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Peru ($21M), Spain ($19M) and Canada ($19M) were the largest canned vegetable suppliers to the United States, together accounting for 39% of total imports. China, Mexico, Greece, Italy, Thailand, Ecuador, India, Guatemala, France and Egypt lagged somewhat behind, together comprising a further 48%.
France, with a CAGR of +15.0%, recorded the highest rates of growth with regard to 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.
Factors Affecting Canned Vegetable Prices
The cost of canned vegetables in the United States has been on the rise in recent years, due to a number of factors. The first is that the consuming industries - such as restaurants and food manufacturers - have been increasingly using canned vegetables, driving up demand.
Second, the agriculature industry in the US has been facing challenges, including inflation and the energy crisis. These have led to higher production costs, which are passed on to consumers in the form of higher prices.
Finally, there has been a consolidation of the canned vegetable industry, with a few large companies controlling a majority of the market. This has also contributed to higher prices, as these companies have more power to set prices.
This report provides an in-depth analysis of the canned vegetable 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 472 - Vegetables, Preserved nes (O/T vinegar)
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
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
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 PRODUCT
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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
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 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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