U.S. - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSweet Potato Price in the United States - 2023
Contents:
- Sweet Potato Price in the United States (FOB) - 2023
- Sweet Potato Price in the United States (CIF) - 2023
- Sweet Potato Exports in the United States
- Sweet Potato Imports in the United States
Sweet Potato Price in the United States (FOB) - 2023
The average sweet potato export price stood at $700 per ton in August 2023, surging by 3.9% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average export price increased by 5.2% m-o-m. Over the period under review, the average export prices attained the maximum in August 2023.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Mexico ($859 per ton), while the average price for exports to the UK ($489 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 Netherlands (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Sweet Potato Price in the United States (CIF) - 2023
In August 2023, the average sweet potato import price amounted to $1,064 per ton, surging by 23% against the previous month. Over the period under review, the import price posted buoyant growth. The growth pace was the most rapid in November 2022 when the average import price increased by 130% against the previous month. The import price peaked at $1,426 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Honduras ($1,804 per ton), while the price for China ($602 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Sweet Potato Exports in the United States
After three years of growth, shipments abroad of sweet potatoes decreased by -7.2% to 252K tons in 2022. In general, exports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 3.2%. As a result, the exports reached the peak of 271K tons, and then shrank in the following year.
In value terms, sweet potato exports contracted to $166M in 2022. Overall, exports showed a pronounced curtailment. The growth pace was the most rapid in 2020 when exports increased by 0.6%. As a result, the exports attained the peak of $189M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Sweet Potato in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 53.3 | 60.6 | 58.8 | 57.1 | 2.3% |
| Netherlands | 49.7 | 50.4 | 58.0 | 49.3 | -0.3% |
| United Kingdom | 56.8 | 56.3 | 48.7 | 36.9 | -13.4% |
| Belgium | 12.0 | 6.0 | 6.2 | 8.1 | -12.3% |
| Mexico | 4.5 | 4.0 | 6.0 | 5.9 | 9.4% |
| Others | 12.0 | 12.0 | 11.0 | 8.7 | -10.2% |
| Total | 188 | 189 | 189 | 166 | -4.1% |
Top Export Markets for Sweet Potato from the United States in 2022:
- Canada (85.7K tons)
- Netherlands (80.2K tons)
- United Kingdom (57.6K tons)
- Belgium (12.5K tons)
- Mexico (6.0K tons)
Sweet Potato Imports in the United States
Sweet potato imports into the United States soared to 38K tons in 2022, with an increase of 49% compared with 2021. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 121%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, sweet potato imports surged to $43M in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 114% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Sweet Potato in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 1.1 | 15.7 | 28.0 | 203.7% |
| Dominican Republic | 9.0 | 5.8 | 5.7 | 8.6 | -1.5% |
| Canada | 1.5 | 1.8 | 1.9 | 2.3 | 15.3% |
| Peru | 1.6 | 1.5 | 1.6 | 2.2 | 11.2% |
| Egypt | 0.7 | 0.3 | 0.5 | 0.5 | -10.6% |
| Honduras | 2.1 | 1.0 | 0.2 | 0.4 | -42.5% |
| Others | 0.6 | 0.9 | 0.9 | 1.1 | 22.4% |
| Total | 16.4 | 12.4 | 26.5 | 43.2 | 38.1% |
Top Suppliers of Sweet Potato to the United States in 2022:
- China (26.2K tons)
- Dominican Republic (7.3K tons)
- Canada (2.4K tons)
- Peru (1.0K tons)
- Egypt (0.5K tons)
- Honduras (0.2K tons)
This report provides an in-depth analysis of the sweet potato 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 122 - Sweet potatoes
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
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In August 2022, the sweet potato price per ton stood at $649, remaining stable against the previous month.
1212
The sweet potato price per ton stood at $647 (FOB, US) in May 2022, declining by -2.8% against the previous month.
282
In February 2023, the price of yams remained stable at $1,487 per ton (CIF, US) compared to the previous month.
518
In November 2022, the yams price stood at $1,589 per ton (CIF, US), which is down by -7.7% against the previous month.
796
In July 2022, the cassava price per ton amounted to $1,053, stabilizing at the previous month.
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In Apr 2022, the average import cassava price per ton amounted to $936, shrinking by -2.2% against the previous month.
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In October 2022, Vegetable imports experienced their most rapid growth pace, with a 39% increase compared to the previous month. In terms of value, vegetable imports slightly expanded to $243M in August 2023.
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In August 2022, the vegetable price per ton amounted to $1.1K, approximately equating the previous month.
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In June 2022, the vegetable price per ton stood at $1,344 per ton in June 2022, rising by 17% against the previous month.
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In August 2022, the chicken meat price per ton amounted to $1,471, remaining constant against the previous month.
