Price for Vegetables; Seed Potatoes, Fresh or Chilled in the United States - 2023
Contents:
- Price for Vegetables; Seed Potatoes, Fresh or Chilled in the United States (CIF) - 2022
- Price for Vegetables; Seed Potatoes, Fresh or Chilled in the United States (FOB) - 2023
- Imports of Vegetables; Seed Potatoes, Fresh or Chilled in the United States
- Exports of Vegetables; Seed Potatoes, Fresh or Chilled in the United States
Price for Vegetables; Seed Potatoes, Fresh or Chilled in the United States (CIF) - 2022
The average import price for vegetables; seed potatoes, fresh or chilleds stood at $442 per ton in 2022, rising by 6.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +0.9% per year.
Price for Vegetables; Seed Potatoes, Fresh or Chilled in the United States (FOB) - 2023
In September 2023, the average export price for vegetables; seed potatoes, fresh or chilleds amounted to $567 per ton, which is down by -21% against the previous month. Overall, the export price continues to indicate a noticeable descent. The growth pace was the most rapid in June 2023 an increase of 42% month-to-month. The export price peaked at $718 per ton in August 2023, and then declined significantly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($612 per ton), while the average price for exports to Canada ($340 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Vegetables; Seed Potatoes, Fresh or Chilled in the United States
In 2022, supplies from abroad of vegetables; seed potatoes, fresh or chilleds decreased by -4.9% to 60K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. As a result, imports attained the peak of 81K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of vegetables; seed potatoes, fresh or chilleds stood at $27M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 25%. As a result, imports reached the peak of $32M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Vegetables; Seed Potatoes, Fresh or Chilled in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 25.5 | 31.8 | 26.2 | 26.5 | 1.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 25.5 | 31.8 | 26.2 | 26.5 | 1.3% |
Top Suppliers of Vegetables; Seed Potatoes, Fresh or Chilled to the United States in 2022:
- Canada (60.0K tons)
Exports of Vegetables; Seed Potatoes, Fresh or Chilled in the United States
For the fourth consecutive year, the United States recorded growth in overseas shipments of vegetables; seed potatoes, fresh or chilleds, which increased by 14% to 42K tons in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of vegetables; seed potatoes, fresh or chilleds soared to $21M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Vegetables; Seed Potatoes, Fresh or Chilled in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.9 | 7.6 | 9.7 | 10.5 | 15.0% |
| Mexico | 3.8 | 4.9 | 4.4 | 4.6 | 6.6% |
| Taiwan (Chinese) | 0.4 | N/A | N/A | 2.3 | 79.2% |
| Dominican Republic | N/A | 0.3 | 0.7 | 1.1 | 91.5% |
| South Korea | 1.0 | N/A | 0.9 | 0.6 | -15.7% |
| Indonesia | N/A | N/A | N/A | 0.5 | 0% |
| Hong Kong SAR | N/A | 0.1 | N/A | 0.4 | 100.0% |
| Others | 0.6 | 2.3 | 1.7 | 1.3 | 29.4% |
| Total | 12.9 | 15.3 | 17.4 | 21.2 | 18.0% |
Top Export Markets for Vegetables; Seed Potatoes, Fresh or Chilled from the United States in 2022:
- Canada (25.7K tons)
- Mexico (7.4K tons)
- Taiwan (Chinese) (3.5K tons)
- Dominican Republic (1.5K tons)
- South Korea (1.0K tons)
- Indonesia (0.7K tons)
- Hong Kong SAR (0.7K tons)
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