U.S. - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPeanut Butter Price in the United States - 2023
Contents:
- Peanut Butter Price in the United States (FOB) - 2023
- Peanut Butter Price in the United States (CIF) - 2023
- Peanut Butter Exports in the United States
- Peanut Butter Imports in the United States
Peanut Butter Price in the United States (FOB) - 2023
In September 2023, the average peanut butter export price amounted to $2,965 per ton, which is down by -2% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 13% month-to-month. As a result, the export price reached the peak level of $3,200 per ton. From January 2023 to September 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($4,554 per ton), while the average price for exports to France ($1,924 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Peanut Butter Price in the United States (CIF) - 2023
In September 2023, the average peanut butter import price amounted to $2,886 per ton, almost unchanged from the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 12% against the previous month. Over the period under review, average import prices hit record highs at $3,226 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($3,936 per ton), while the price for Argentina ($1,993 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Brazil (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Peanut Butter Exports in the United States
Peanut butter exports from the United States reduced to 71K tons in 2022, falling by -8.9% on 2021. Over the period under review, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 5.4% against the previous year.
In value terms, peanut butter exports reduced to $213M in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 8.1%. As a result, the exports attained the peak of $216M, leveling off in the following year.
| Export of Peanut Butter in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 67.3 | 71.8 | 78.6 | 73.8 | 3.1% |
| Mexico | 26.5 | 30.9 | 47.5 | 46.5 | 20.6% |
| South Korea | 6.4 | 8.5 | 10.6 | 12.6 | 25.3% |
| Saudi Arabia | 6.1 | 9.6 | 5.7 | 10.5 | 19.8% |
| Japan | 10.8 | 7.2 | 10.3 | 7.9 | -9.9% |
| Hong Kong SAR | 4.4 | 5.4 | 5.0 | 6.1 | 11.5% |
| Australia | 3.5 | 3.6 | 3.0 | 4.6 | 9.5% |
| Philippines | 5.3 | 5.5 | 3.1 | 4.5 | -5.3% |
| United Arab Emirates | 5.7 | 4.2 | 4.9 | 4.4 | -8.3% |
| United Kingdom | 6.5 | 6.2 | 3.9 | 4.3 | -12.9% |
| Norway | 4.1 | 3.2 | 2.5 | 2.0 | -21.3% |
| Denmark | 5.8 | 5.3 | 4.3 | 1.9 | -31.1% |
| Others | 56.3 | 37.8 | 35.9 | 34.4 | -15.1% |
| Total | 209 | 199 | 216 | 213 | 0.6% |
Top Export Markets for Peanut Butter from the United States in 2022:
- Canada (26.8K tons)
- Mexico (16.9K tons)
- South Korea (3.6K tons)
- Saudi Arabia (3.0K tons)
- Japan (1.9K tons)
- Australia (1.7K tons)
- Hong Kong SAR (1.6K tons)
- Philippines (1.3K tons)
- Norway (1.2K tons)
- United Kingdom (1.1K tons)
- United Arab Emirates (1.1K tons)
- Denmark (0.8K tons)
Peanut Butter Imports in the United States
In 2022, the amount of peanut butter and prepared or preserved groundnuts imported into the United States contracted to 51K tons, with a decrease of -4.8% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, imports reached the peak of 53K tons, and then shrank slightly in the following year.
In value terms, peanut butter imports reached $141M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Peanut Butter in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 59.2 | 60.5 | 57.8 | 56.2 | -1.7% |
| Mexico | 32.6 | 35.3 | 44.0 | 52.4 | 17.1% |
| Argentina | 28.0 | 15.1 | 20.0 | 18.0 | -13.7% |
| India | 3.9 | 5.6 | 5.1 | 4.5 | 4.9% |
| Brazil | 1.8 | 2.0 | 3.9 | 2.6 | 13.0% |
| China | 4.8 | 4.0 | 4.8 | 2.5 | -19.5% |
| Others | 3.6 | 4.2 | 4.5 | 5.0 | 11.6% |
| Total | 134 | 127 | 140 | 141 | 1.7% |
Top Suppliers of Peanut Butter to the United States in 2022:
- Mexico (19.7K tons)
- Canada (15.6K tons)
- Argentina (10.0K tons)
- India (1.9K tons)
- China (1.2K tons)
- Brazil (1.1K tons)
This report provides an in-depth analysis of the peanut butter 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 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)
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
-
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
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This report provides an in-depth analysis of the peanut butter market in the U.S..
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This report provides an in-depth analysis of the global peanut butter market.
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This report provides an in-depth analysis of the global market for nuts (prepared or preserved).
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This report provides an in-depth analysis of the global canned pineapple market.
691
This report provides an in-depth analysis of the peanut butter market in the U.S..
935
This report provides an in-depth analysis of the market for nuts (prepared or preserved) in the U.S..
743
This report provides an in-depth analysis of the canned pineapple market in the U.S..
2987
This report provides an in-depth analysis of the global peanut butter market.
587
In August 2022, the peanut butter price per ton amounted to $3.0K, shrinking by -1.9% against the previous month.
967
In June 2022, the peanut butter price per tonamounted to $3,101 per ton, increasing by 1.8% against the previous month.
399
In July 2022, the nuts price per ton stood at $4,970, declining by -6.2% against the previous month.
554
In December 2022, the canned pineapple price amounted to $1,377 per ton, therefore (CIF, US), remained relatively stable against the previous month.
829
In 2020, American canned pineapple imports jumped by +7.5% to $333M despite the decline in physical terms. Most of the increase occurred due to the rising supplies from Indonesia at higher prices compared to the previous year, while the shipments from Thailand reduced. Indonesia, Thailand and the Philippines provide 97% of total American import volume. In 2020, the average canned pineapple import price rose by 26%, while the price for Indonesian supplies has gone up by 57%.
8786
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1999
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1162
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
587
In August 2022, the peanut butter price per ton amounted to $3.0K, shrinking by -1.9% against the previous month.
967
In June 2022, the peanut butter price per tonamounted to $3,101 per ton, increasing by 1.8% against the previous month.
