Price for Food Preparations Not Elsewhere Specified or Included in the United States - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in the United States (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in the United States (FOB) - 2023
- Imports of Food Preparations Not Elsewhere Specified or Included in the United States
- Exports of Food Preparations Not Elsewhere Specified or Included in the United States
Price for Food Preparations Not Elsewhere Specified or Included in the United States (CIF) - 2022
In 2022, the average import price for food preparations not elsewhere specified or included amounted to $9,119 per ton, therefore, remained relatively stable against the previous year. In general, the import price enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when the average import price increased by 49% against the previous year. Over the period under review, average import prices attained the maximum at $9,707 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($13,374 per ton), while the price for Thailand ($4,153 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in the United States (FOB) - 2023
The average export price for food preparations not elsewhere specified or included stood at $9,740 per ton in December 2023, with an increase of 9.6% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $9,777 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was South Korea ($23,676 per ton), while the average price for exports to the Dominican Republic ($4,687 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in the United States
Imports of food preparations not elsewhere specified or included into the United States expanded notably to 902K tons in 2022, increasing by 12% against 2021 figures. The total import volume increased at an average annual rate of +14.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 16%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of food preparations not elsewhere specified or included amounted to $8.2B in 2022. The total import value increased at an average annual rate of +11.9% 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 Food Preparations Not Elsewhere Specified or Included in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2,973 | 3,203 | 3,459 | 4,067 | 11.0% |
| Canada | 850 | 899 | 1,059 | 1,126 | 9.8% |
| China | 267 | 351 | 375 | 440 | 18.1% |
| Mexico | 122 | 141 | 173 | 233 | 24.1% |
| Thailand | 197 | 214 | 185 | 206 | 1.5% |
| Taiwan (Chinese) | 84.0 | 82.7 | 157 | 174 | 27.5% |
| Others | 1,373 | 1,565 | 1,829 | 1,979 | 13.0% |
| Total | 5,866 | 6,456 | 7,236 | 8,225 | 11.9% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to the United States in 2022:
- Singapore (495.5K tons)
- Canada (128.5K tons)
- Thailand (49.6K tons)
- China (32.9K tons)
- Mexico (27.9K tons)
- Taiwan (Chinese) (21.3K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in the United States
Exports of food preparations not elsewhere specified or included from the United States dropped to 772K tons in 2022, shrinking by -9.9% compared with the year before. Overall, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of 857K tons, and then shrank in the following year.
In value terms, exports of food preparations not elsewhere specified or included fell slightly to $6.9B in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, the exports attained the peak of $7.1B, and then fell modestly in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,343 | 1,400 | 1,514 | 1,669 | 7.5% |
| Mexico | 569 | 522 | 681 | 675 | 5.9% |
| South Korea | 536 | 544 | 590 | 512 | -1.5% |
| China | 278 | 297 | 354 | 342 | 7.2% |
| Netherlands | 307 | 324 | 346 | 246 | -7.1% |
| Taiwan (Chinese) | 183 | 169 | 236 | 230 | 7.9% |
| Japan | 222 | 225 | 240 | 221 | -0.2% |
| United Kingdom | 167 | 199 | 188 | 164 | -0.6% |
| Australia | 148 | 152 | 163 | 148 | 0.0% |
| Philippines | 101 | 114 | 118 | 116 | 4.7% |
| Colombia | 87.2 | 73.1 | 85.2 | 80.9 | -2.5% |
| Dominican Republic | 44.6 | 45.0 | 47.2 | 55.1 | 7.3% |
| Aruba | 13.8 | 13.2 | 17.3 | 35.9 | 37.5% |
| Others | 2,264 | 2,147 | 2,561 | 2,392 | 1.9% |
| Total | 6,263 | 6,223 | 7,142 | 6,887 | 3.2% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from the United States in 2022:
- Canada (217.1K tons)
- Mexico (96.3K tons)
- Netherlands (22.2K tons)
- South Korea (21.0K tons)
- Philippines (18.2K tons)
- United Kingdom (16.7K tons)
- Taiwan (Chinese) (15.9K tons)
- Colombia (15.4K tons)
- China (14.6K tons)
- Aruba (14.5K tons)
- Japan (13.4K tons)
- Australia (13.3K tons)
- Dominican Republic (12.3K tons)
433
This report provides an in-depth analysis of the market for prepared dishes and meal in the U.S..
639
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in the U.S..
427
This report provides an in-depth analysis of the hot-dipped metal-coated sheet market in the U.S..
1332
This report provides an in-depth analysis of the global market for prepared dishes and meal.
861
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
537
This report provides an in-depth analysis of the global hot-dipped metal-coated sheet market.
433
This report provides an in-depth analysis of the market for prepared dishes and meal in the U.S..
639
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in the U.S..
1332
This report provides an in-depth analysis of the global market for prepared dishes and meal.
861
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
516
In the past decade, American protein concentrate exports doubled, reaching $873M in 2020. Last year, protein concentrate exports from the U.S. decreased slightly in physical terms. In value terms, the supplies abroad remained relatively unchanged against the previous year. Canada, Mexico and the Netherlands constitute the major importers of American proteins, with a combined 36%-share of the total exports from the U.S. Among other countries, Switzerland recorded the highest spike in imports in 2020. The average U.S. export price for protein concentrates soared by +15% y-o-y to $6,578 per ton in 2020.
208
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
240
Explore the top import markets for hot-dipped metal-coated sheet, including the United States, Germany, Belgium, and more. Discover key statistics and data from the IndexBox market intelligence platform.
516
In the past decade, American protein concentrate exports doubled, reaching $873M in 2020. Last year, protein concentrate exports from the U.S. decreased slightly in physical terms. In value terms, the supplies abroad remained relatively unchanged against the previous year. Canada, Mexico and the Netherlands constitute the major importers of American proteins, with a combined 36%-share of the total exports from the U.S. Among other countries, Switzerland recorded the highest spike in imports in 2020. The average U.S. export price for protein concentrates soared by +15% y-o-y to $6,578 per ton in 2020.
208
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
