Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the United States - 2023
Contents:
- Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the United States (CIF) - 2023
- Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the United States (FOB) - 2023
- Imports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the United States
- Exports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the United States
Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the United States (CIF) - 2023
In December 2023, the average import price for nuts, edible; mixtures of nuts or dried fruits of chapter 8 amounted to $11,791 per ton, growing by 26% against the previous month. Overall, the import price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 114% month-to-month. The import price peaked at $19,259 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Egypt ($28,080 per ton), while the price for Germany ($1,267 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Lebanon (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the United States (FOB) - 2023
In December 2023, the average export price for nuts, edible; mixtures of nuts or dried fruits of chapter 8 amounted to $5,205 per ton, with a decrease of -3.5% against the previous month. In general, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 26% month-to-month. The export price peaked at $8,729 per ton in April 2023; however, from May 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Australia ($8,579 per ton), while the average price for exports to Hong Kong SAR ($3,449 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 Israel (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the United States
In 2022, the amount of nuts, edible; mixtures of nuts or dried fruits of chapter 8 imported into the United States soared to 935 tons, rising by 19% against 2021. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 surged to $12M in 2022. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 57%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 903 | 1,299 | 1,816 | 4,282 | 68.0% |
| China | 609 | 655 | 1,745 | 2,947 | 69.1% |
| Ghana | 177 | 518 | 1,193 | 1,688 | 112.1% |
| Egypt | N/A | 676 | 688 | 1,009 | 22.2% |
| Canada | 2,231 | 680 | 591 | 497 | -39.4% |
| Turkey | 163 | 216 | 156 | 349 | 28.9% |
| New Zealand | 815 | 751 | 1,332 | 280 | -30.0% |
| Guatemala | 65.4 | 56.4 | 40.5 | 111 | 19.3% |
| Philippines | 137 | 105 | 64.2 | 93.1 | -12.1% |
| Italy | 4.4 | 50.7 | 197 | 92.2 | 175.7% |
| Thailand | 247 | 140 | 79.6 | 75.5 | -32.6% |
| Jordan | 15.3 | 25.1 | 25.4 | 45.7 | 44.0% |
| Others | 545 | 1,027 | 1,826 | 767 | 12.1% |
| Total | 5,913 | 6,199 | 9,754 | 12,238 | 27.4% |
Top Suppliers of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 to the United States in 2022:
- Mexico (256.1 tons)
- China (138.1 tons)
- Ghana (133.2 tons)
- Turkey (122.3 tons)
- Canada (70.6 tons)
- Egypt (36.0 tons)
- Guatemala (34.2 tons)
- Jordan (19.3 tons)
- Philippines (15.8 tons)
- Italy (14.3 tons)
- New Zealand (13.7 tons)
- Thailand (9.4 tons)
Exports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the United States
For the third year in a row, the United States recorded decline in shipments abroad of nuts, edible; mixtures of nuts or dried fruits of chapter 8, which decreased by -31% to 1.6K tons in 2022. In general, exports saw a sharp curtailment. The smallest decline of -7.3% was in 2020.
In value terms, exports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 shrank dramatically to $11M in 2022. Overall, exports saw a abrupt shrinkage. The smallest decline of -8.5% was in 2020.
| Export of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.2 | 1.7 | 1.9 | 2.3 | 1.5% |
| China | 4.7 | 5.2 | 2.2 | 2.2 | -22.4% |
| Hong Kong SAR | 2.6 | 1.8 | 1.6 | 0.9 | -29.8% |
| Philippines | 1.1 | 1.0 | 0.9 | 0.8 | -10.1% |
| Panama | 1.1 | 1.0 | 0.8 | 0.6 | -18.3% |
| Mexico | 2.7 | 2.4 | 1.8 | 0.6 | -39.4% |
| Dominican Republic | 0.9 | 0.5 | 0.6 | 0.5 | -17.8% |
| Trinidad and Tobago | 0.3 | 0.2 | 0.1 | 0.4 | 10.1% |
| United Kingdom | 0.3 | N/A | N/A | 0.3 | 0.0% |
| Jamaica | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Australia | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Guatemala | 0.2 | 1.0 | 0.9 | 0.2 | 0.0% |
| South Korea | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 3.9 | 3.5 | 1.9 | 1.2 | -32.5% |
| Total | 20.5 | 18.7 | 13.2 | 10.5 | -20.0% |
Top Export Markets for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 from the United States in 2022:
- Canada (322.1 tons)
- China (259.5 tons)
- Hong Kong SAR (158.0 tons)
- Philippines (135.6 tons)
- Panama (109.0 tons)
- Dominican Republic (90.6 tons)
- Mexico (87.3 tons)
- Trinidad and Tobago (47.9 tons)
- Jamaica (46.2 tons)
- Australia (41.9 tons)
- South Korea (40.6 tons)
- Guatemala (29.4 tons)
- United Kingdom (28.6 tons)
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