U.S. Flavoring Syrup And Concentrate Market. Analysis And Forecast to 2030
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View PricingPrice for Flavoring Syrup and Concentrate in the United States - 2023
Contents:
- Price for Flavoring Syrup and Concentrate in the United States (CIF) - 2022
- Price for Flavoring Syrup and Concentrate in the United States (FOB) - 2023
- Imports of Flavoring Syrup and Concentrate in the United States
- Exports of Flavoring Syrup and Concentrate in the United States
Price for Flavoring Syrup and Concentrate in the United States (CIF) - 2022
In 2022, the average flavoring syrup and concentrate import price amounted to $40,753 per ton, increasing by 16% against the previous year. In general, the import price posted a significant expansion. The growth pace was the most rapid in 2018 an increase of 1,756%. The import price peaked at $41,215 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($347,763 per ton), while the price for Canada ($1,518 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+63.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Flavoring Syrup and Concentrate in the United States (FOB) - 2023
In August 2023, the average flavoring syrup and concentrate export price amounted to $8,400 per ton, with an increase of 19% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in December 2022 an increase of 51% m-o-m. As a result, the export price attained the peak level of $9,931 per ton. From January 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($15,102 per ton), while the average price for exports to Peru ($2,103 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Flavoring Syrup and Concentrate in the United States
In 2022, approx. 106K tons of flavoring syrups and concentrates were imported into the United States; remaining stable against 2021. The total import volume increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, flavoring syrup and concentrate imports soared to $4.3B in 2022. The total import value increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Flavoring Syrup and Concentrate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2,967 | 3,200 | 3,455 | 4,064 | 11.1% |
| Canada | 74.1 | 54.4 | 65.4 | 68.5 | -2.6% |
| Dominican Republic | 17.2 | 14.6 | 23.0 | 31.2 | 22.0% |
| Taiwan (Chinese) | 14.0 | 15.0 | 24.5 | 27.1 | 24.6% |
| Trinidad and Tobago | 15.0 | 20.8 | 16.4 | 22.1 | 13.8% |
| Austria | 3.3 | 5.0 | 11.0 | 19.2 | 79.9% |
| South Korea | 4.0 | 12.7 | 10.9 | 12.8 | 47.4% |
| Mexico | 9.4 | 9.9 | 10.2 | 12.6 | 10.3% |
| Israel | 3.9 | 6.0 | 9.4 | 8.0 | 27.1% |
| Thailand | 7.5 | 8.2 | 9.6 | 7.8 | 1.3% |
| France | 1.6 | 1.6 | 3.7 | 4.3 | 39.0% |
| Others | 16.1 | 19.8 | 30.3 | 27.5 | 19.5% |
| Total | 3,133 | 3,368 | 3,670 | 4,305 | 11.2% |
Top Suppliers of Flavoring Syrup and Concentrate to the United States in 2022:
- Canada (45.1K tons)
- Singapore (11.7K tons)
- Taiwan (Chinese) (10.7K tons)
- Dominican Republic (9.2K tons)
- Mexico (4.5K tons)
- Thailand (4.3K tons)
- Austria (3.8K tons)
- South Korea (3.5K tons)
- Trinidad and Tobago (2.2K tons)
- France (2.1K tons)
- Israel (1.9K tons)
Exports of Flavoring Syrup and Concentrate in the United States
In 2022, approx. 30K tons of flavoring syrups and concentrates were exported from the United States; which is down by -34.6% compared with the previous year. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 65%. As a result, the exports reached the peak of 46K tons, and then dropped dramatically in the following year.
In value terms, flavoring syrup and concentrate exports declined notably to $222M in 2022. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 2.6% against the previous year.
| Export of Flavoring Syrup and Concentrate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 204 | 179 | 165 | 33.3 | -45.3% |
| Mexico | 26.2 | 26.8 | 36.2 | 31.5 | 6.3% |
| Guatemala | 12.2 | 10.8 | 12.2 | 11.8 | -1.1% |
| Brazil | 6.6 | 5.9 | 7.5 | 10.8 | 17.8% |
| Australia | 4.3 | 6.0 | 5.8 | 10.5 | 34.7% |
| Philippines | 0.3 | 0.5 | 1.9 | 8.4 | 203.7% |
| Honduras | 0.9 | 2.4 | 4.3 | 5.9 | 87.2% |
| Chile | 0.9 | 1.5 | 1.4 | 5.8 | 86.1% |
| Colombia | 3.7 | 5.2 | 5.4 | 5.6 | 14.8% |
| Israel | 1.8 | 2.0 | 1.6 | 3.5 | 24.8% |
| Vietnam | 0.5 | 0.9 | 0.5 | 3.2 | 85.7% |
| South Africa | 1.8 | 1.8 | 1.5 | 3.0 | 18.6% |
| Peru | 0.4 | 0.4 | 0.6 | 3.0 | 95.7% |
| Others | 84.6 | 77.4 | 84.6 | 86.3 | 0.7% |
| Total | 348 | 321 | 329 | 222 | -13.9% |
Top Export Markets for Flavoring Syrup and Concentrate from the United States in 2022:
- Canada (7.7K tons)
- Mexico (3.5K tons)
- Australia (2.1K tons)
- Guatemala (1.7K tons)
- Philippines (1.6K tons)
- Brazil (1.5K tons)
- Colombia (0.8K tons)
- Vietnam (0.8K tons)
- Peru (0.8K tons)
- Israel (0.7K tons)
- Honduras (0.5K tons)
- South Africa (0.5K tons)
- Chile (0.5K tons)
This report provides an in-depth analysis of the market for flavoring syrup and concentrate 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:
- NAICS 311930 - Flavoring syrup and concentrate manufacturing
Companies mentioned:
- The Coca-Cola Company
- Sensient Technologies Corporation
- Flavor & Fragrance Specialties
- David Michael & Co.
- Flotek Industries
- Sodastream Usa
- Tampico Beverages
- Agrana Fruit Us
- Bi Nutraceuticals
- Monin
- Virginia Dare Extract Co.
- Illes Food Ingredients
- Mane
- Delavau
- Dr Pepper/Seven Up
- R. Torre & Company
- Wiley Organics
- American Fruits and Flavors
- Mastertaste
- Allen Flavors
- Felbro Food Products
- Delano Growers Grape Products
- Eagle Beverage and Accessory Products
- Sensient Flavors
- Jus-Made
- Caribbean Refrescos
- Cesi Chemical
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.
-
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
-
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
-
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
-
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
-
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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