U.S. - Roots And Tubers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRoot and Tuber Price in the United States - 2023
Contents:
- Root and Tuber Price in the United States (CIF) - 2022
- Root and Tuber Price in the United States (FOB) - 2022
- Root and Tuber Imports in the United States
- Root and Tuber Exports in the United States
Root and Tuber Price in the United States (CIF) - 2022
In 2022, the average root and tuber import price amounted to $791 per ton, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jamaica ($2,605 per ton), while the price for Canada ($587 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Root and Tuber Price in the United States (FOB) - 2022
The average root and tuber export price stood at $611 per ton in 2022, rising by 9.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($752 per ton), while the average price for exports to Japan ($465 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Root and Tuber Imports in the United States
In 2022, approx. 750K tons of roots and tubers were imported into the United States; picking up by 2.1% on 2021. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 17%. As a result, imports reached the peak of 754K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, root and tuber imports expanded notably to $593M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Root and Tuber in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 222 | 273 | 270 | 280 | 8.0% |
| Costa Rica | 94.5 | 77.1 | 84.1 | 107 | 4.2% |
| China | 12.2 | 11.9 | 23.9 | 40.8 | 49.5% |
| Ecuador | 45.3 | 34.3 | 32.8 | 35.3 | -8.0% |
| Jamaica | 27.4 | 31.2 | 31.7 | 31.6 | 4.9% |
| Mexico | 13.4 | 15.5 | 13.6 | 20.8 | 15.8% |
| Ghana | 17.4 | 14.5 | 15.4 | 17.4 | 0.0% |
| Others | 72.8 | 56.8 | 49.8 | 59.6 | -6.5% |
| Total | 505 | 515 | 521 | 593 | 5.5% |
Top Suppliers of Root and Tuber to the United States in 2022:
- Canada (477.4K tons)
- Costa Rica (98.3K tons)
- China (38.1K tons)
- Ecuador (31.9K tons)
- Mexico (27.2K tons)
- Ghana (13.9K tons)
- Jamaica (12.1K tons)
Root and Tuber Exports in the United States
Root and tuber exports from the United States dropped to 825K tons in 2022, which is down by -7.5% compared with the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, the exports attained the peak of 892K tons, and then dropped in the following year.
In value terms, root and tuber exports rose modestly to $504M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 5.9%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Root and Tuber in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 196 | 188 | 200 | 185 | -1.9% |
| Mexico | 55.1 | 61.4 | 66.5 | 93.4 | 19.2% |
| Netherlands | 49.7 | 50.5 | 58.4 | 49.4 | -0.2% |
| United Kingdom | 57.0 | 56.4 | 48.7 | 36.9 | -13.5% |
| Japan | 15.1 | 12.8 | 25.2 | 21.0 | 11.6% |
| Taiwan (Chinese) | 17.4 | 21.1 | 17.4 | 18.6 | 2.2% |
| South Korea | 7.7 | 10.8 | 9.6 | 15.7 | 26.8% |
| Philippines | 9.8 | 7.2 | 6.8 | 12.3 | 7.9% |
| Honduras | 4.4 | 6.6 | 7.9 | 10.6 | 34.1% |
| Dominican Republic | 5.0 | 4.0 | 9.8 | 10.4 | 27.7% |
| Belgium | 12.0 | 6.0 | 6.2 | 8.2 | -11.9% |
| Others | 44.0 | 43.8 | 39.3 | 43.2 | -0.6% |
| Total | 473 | 469 | 496 | 504 | 2.1% |
Top Export Markets for Root and Tuber from the United States in 2022:
- Canada (327.7K tons)
- Mexico (143.2K tons)
- Netherlands (80.2K tons)
- United Kingdom (57.7K tons)
- Japan (45.1K tons)
- Taiwan (Chinese) (32.7K tons)
- South Korea (20.9K tons)
- Philippines (19.3K tons)
- Honduras (15.1K tons)
- Dominican Republic (15.1K tons)
- Belgium (12.6K tons)
This report provides an in-depth analysis of the root and tuber 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:
- FCL 125 - Cassava
- FCL 149 - Roots and tubers nes
- FCL 122 - Sweet potatoes
- FCL 136 - Taro (Cocoyam)
- FCL 137 - Yams
- FCL 135 - Yautia (Cocoyam)
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
725
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The volume of imports in the U.S. fresh vegetable market is forecast to increase from 8.9M tons in 2021 to 9.3M tons in 2022. In monetary terms, imports should decrease from $10.5B to $10.3B with an expected price decline. Throughout January-October 2021, American purchases totalled 6.9M tons, which was 5.5% more than in the same period last year. Mexico, Canada and Peru remain the key suppliers for the U.S., accounting for 95% of its total import volume.
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Fresh vegetable consumer prices in the U.S. increased somewhat noticeably in Q1 2021 but then decelerated in Q2, relaxing slightly against the ongoing food price rally. Owing to the spate of lockdowns and the restructuring of the supply chain, production growth has failed to keep pace with the robust demand spurred by the counter-pandemic financial support measures. Rising production costs and increasing demand for biofuel-oriented oil crops also contribute to tangible food inflation.
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In August 2022, the sweet potato price per ton stood at $649, remaining stable against the previous month.
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The sweet potato price per ton stood at $647 (FOB, US) in May 2022, declining by -2.8% against the previous month.
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