U.S. - Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVegetable Price in the United States - 2023
Contents:
- Vegetable Price in the United States (CIF) - 2022
- Vegetable Price in the United States (FOB) - 2022
- Vegetable Imports in the United States
- Vegetable Exports in the United States
Vegetable Price in the United States (CIF) - 2022
In 2022, the average vegetable import price amounted to $1,193 per ton, flattening at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 8.1%. The import price peaked at $1,229 per ton in 2020; afterwards, it flattened through to 2022.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($1,285 per ton), while the price for Mexico ($1,131 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Vegetable Price in the United States (FOB) - 2022
In 2022, the average vegetable export price amounted to $1,423 per ton, with an increase of 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1,590 per ton), while the average price for exports to Japan ($762 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 Canada (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Imports in the United States
After three years of growth, supplies from abroad of vegetables decreased by -17.7% to 7.1M tons in 2022. Overall, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 7% against the previous year. As a result, imports reached the peak of 8.6M tons, and then shrank rapidly in the following year.
In value terms, vegetable imports contracted remarkably to $8.5B in 2022. In general, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of 5.8% against the previous year.
| Import of Vegetable in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 6.5 | 7.1 | 7.4 | 6.0 | -2.6% |
| Canada | 1.7 | 1.9 | 2.0 | 1.5 | -4.1% |
| Peru | 0.4 | 0.3 | 0.4 | 0.3 | -9.1% |
| Others | 0.8 | 0.6 | 0.7 | 0.6 | -9.1% |
| Total | 9.4 | 9.9 | 10.4 | 8.5 | -3.3% |
Top Suppliers of Vegetable to the United States in 2022:
- Mexico (5.3M tons)
- Canada (1.2M tons)
- Peru (0.3M tons)
Vegetable Exports in the United States
Vegetable exports from the United States dropped to 2.4M tons in 2022, waning by -7.9% on the previous year's figure. Overall, exports continue to indicate a mild slump. The growth pace was the most rapid in 2021 with an increase of 7.2%. As a result, the exports attained the peak of 2.6M tons, and then declined in the following year.
In value terms, vegetable exports rose modestly to $3.5B in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 5.4% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Vegetable in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,593 | 2,565 | 2,713 | 2,818 | 2.8% |
| Mexico | 196 | 232 | 242 | 289 | 13.8% |
| Taiwan (Chinese) | 71.3 | 65.6 | 58.6 | 48.5 | -12.1% |
| Japan | 84.5 | 63.5 | 72.2 | 44.4 | -19.3% |
| Others | 237 | 217 | 227 | 254 | 2.3% |
| Total | 3,182 | 3,143 | 3,312 | 3,454 | 2.8% |
Top Export Markets for Vegetable from the United States in 2022:
- Canada (1772.6K tons)
- Mexico (336.0K tons)
- Taiwan (Chinese) (59.3K tons)
- Japan (58.3K tons)
This report provides an in-depth analysis of the vegetable 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 116 - Potatoes
- FCL 388 - Tomatoes, fresh
- FCL 402 - Onions, shallots (green)
- FCL 403 - Onions, dry
- FCL 406 - Garlic
- FCL 407 - Leeks and other alliaceous vegetables
- FCL 393 - Cauliflowers and broccoli
- FCL 372 - Lettuce and chicory
- FCL 426 - Carrot
- FCL 397 - Cucumbers and gherkins
- FCL 417 - Peas, green
- FCL 414 - Beans, green
- FCL 423 - String Beans
- FCL 367 - Asparagus
- FCL 399 - Eggplants
- FCL 401 - Chillies and peppers (green)
- FCL 373 - Spinach
- FCL 260 - Olives
- FCL 394 - Pumpkins, squash and gourds
- FCL 463 - Vegetables, Fresh n.e.s.
- FCL 446 - Green Corn (Maize)
- FCL 430 - Okra
- FCL 394 - Pumpkins, squash and gourds
- FCL 378 - Cassava leaves
- FCL 366 - Artichokes
- FCL 260 - Olives
- FCL 358 - Cabbages
- FCL 449 - Mushrooms
- FCL 366 - Artichokes
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
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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 2021, after three years of growth, there was decline in the U.S. vegetable market, when its value decreased by...
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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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The average import potato price per ton stood at $524 in Apr 2022, falling by -11.2% against the previous month.
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The revenue of the potato market in the U.S. amounted to $8.9B in 2017, growing by 5.5% against the previous year. This fi...
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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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Vegetable imports play a crucial role in meeting the global demand for fresh produce throughout the year. Various countries rely on imported vegetables to supplement their domestic supply and offer a diverse range of produce to consumers. In this article, we will explore the top import markets for vegetables, based on the Import Value of Vegetable data provided by the IndexBox market intelligence platform. The United States holds the top position in terms of import value of vegetables, with a staggering $8.5 billion in 2022. Germany secures the second spot on the list with an import value of $5.8 billion in 2022. The United Kingdom is another significant player in the vegetable import market, with an import value of $3.4 billion in 2022. Canada relies on imports to supplement its domestic vegetable production, with an import value of $3.0 billion in 2022. France also represents a major import market for vegetables, with the same import value of $3.0 billion in 2022 as Canada. The Netherlands is not only a significant importer but also a major re-exporter of vegetables, with an import value of $2.5 billion in 2022. Belgium holds a prominent position in the vegetable import market, with an import value of $1.7 billion in 2022. Despite its vast agricultural land, Russia imports vegetables worth $1.3 billion in 2022. Spain relies on imports with an import value of $1.2 billion in 2022 to meet the demand for certain vegetables. Italy completes the list of the world's top import markets for vegetables with an import value of $1.2 billion in 2022. These top import markets for vegetables demonstrate the global dependence on imports to meet the diverse demands of consumers.
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The global vegetable market is expected to reach $1.7 trillion in 2030, growing with a CAGR of +3.1% from 2022 to 2030.
